Our client is a Saudi Arabian FinTech enterprise involved in building innovative insurance and lending solutions.
Bound by the Arabia-specific business restrictions, the client’s company was obliged to provide zero-fee loans exclusively. No out-of-the-box solutions to the challenge were marketed, so the firm reached out to outsourced contractors.
The task was to custom-build a highly-automated and slick loan management system able to smoothly fit into their existing quants infrastructure. With excellent mobile engineering and FinTech expertise among the client’s search priorities, Symfa had a fair edge, which helped win over the partnership.
Before wrestling with a spaghetti code the client got from their previous underqualified contractor, Symfa undertook a thorough business analysis and tech audit.
The team suggested first testing the waters with a web MVP to check the solution’s consistency. The client okayed the idea, and the initiative proved to be a success. Symfa built, designed, and drive-tested web and mobile apps alike, which ensured the system’s fault-tolerance and clockwork running through both platforms.
The team handled a full-cycle development of an SaaS platform that streamlines lending workflows for businesses and individuals alike. Comprising 3 applications, the system introduces an integral approach to fund management while generating legitimate low-risk financial support channels.
From the initial concept of a simple notebook-like app, the project expanded into an exclusive and technically refined large-scale system with wide prospects across the Arabian finance market. Symfa team got a perfect chance to grow its engineering muscle with unique Islamic banking and finance expertise while honing the RTL design skills.
Our team will get back to you promptly to discuss the next steps