Advanced Backend System for Loan E2E Process

Advanced Backend System for Loan E2E Process

We designed and implemented a comprehensive backend system for a major financial lender in Australia, utilizing a modern tech stack comprising React Admin for the user interface, Node.js for the backend, MongoDB for the database, and AWS for hosting and infrastructure. The architecture was built to handle complex loan calculations, involving numerous fields in each application and requiring efficient data management and processing.

Client

Leading Financial Lender in Australia

Project Schedule

Jun 2022 - May 2023

Project Size

$50,000 to $199,999

Services Provided on this Project
  • UX/UI Design
  • Web Development
  • Application Testing
  • Application Management & Support
  • Enterprise App Modernization
Key Features
  • The system features a microservices architecture, allowing for modular and scalable components that can be independently deployed and managed. This approach not only enhances the system’s flexibility but also ensures high availability and resilience. Key functionalities include:

    • User Interface: Developed with React Admin, providing a user-friendly and responsive admin panel for managing financial operations and customer interactions.
    • Backend Services: Node.js was employed to build robust and scalable backend services, handling business logic, data processing, and API integrations.
    • Database Management: MongoDB was chosen for its flexibility and scalability in managing extensive datasets, supporting efficient querying and real-time data access.
    • Hosting and Infrastructure: AWS was utilized to provide a secure, scalable, and reliable infrastructure, ensuring optimal performance and uptime.
Impact
  • The loan calculation processes were particularly complex, necessitating the development of specialized microservices to handle various computational tasks, data validations, and business rules. Each microservice was designed to perform specific functions, such as interest calculation, eligibility verification, and repayment scheduling, contributing to a seamless and efficient workflow.

  • The result is a powerful backend system that significantly enhances the lender’s operational efficiency, enabling them to process loan applications swiftly, manage customer data effectively, and provide superior service to their clients.