About the Company
Background of Business Problem
- The client's Auto Servicing products were hosted on Mainframe, limiting scalability and flexibility. In contrast, competitors used modern interfaces, making updates easier. This disadvantage contributed to the client capturing less than 10% of the market share compared to competitors. The product must enhance customer experience with personalized journey and tailored decision making based on customer persona.
- Auto Lending Fintech seek to address the challenges by creating a lending platform with NextGen technologies - cloud-based, feature-rich modern platform.
Our Approach & Solution
Infinite created cutting-edge SaaS-based Loan Origination platform offering high configurability and advanced automation, enabling lenders to tailor and optimize their entire lending lifecycle efficiently.
Leveraging a Microservices architecture and API-driven design, the platform was deployed on the Azure cloud, ensuring superior scalability and security.
Adopted Infrastructure as Code (IaC) practices, utilizing Terraform for resource provisioning and Kubernetes (K8s) for containerization. This approach ensured seamless management and deployment of services, enhancing reliability and agility in auto loan and lease servicing.
Infinite developed comprehensive NextGen servicing platform for auto loans /leases that integrates essential features for streamlined operations, enhancing customer experience with personalized journey and tailored decision-making based on customer persona.
Business Outcomes
1M +
Loans and Leases processed via Platform per month.
50% +
Market share for Auto loan origination in the US from <10%
- Business expansion by onboarding significant clients from banks, captive lenders, and credit unions.
600 +
loans per minute throughput achieved by the platform.
90%
loans are auto-decisioned, without any manual intervention.
99%
reduction in loan review time, due to decisioning engine.
100+
Integrations with third party systems to facilitate comprehensive loan lifecycle management.
- Empowers the client to compete with competitors using integrated platforms, scalability, advanced automation, and regulatory expertise.
50% +
reduction in time-to-market for features to meet market demand