IT services for FinTechs: Know Your Customer, Anti-Money Laundering, Creditworthiness

Why us?

Finestmedia is a long-term partner for Banking and Finance, focused on delivering high-quality IT solutions.

As a result of a 20-year experience on the market, our experts have an extensive knowledge in designing, developing, implementing and maintaining IT products for banks and financial institutions.

We have experience in designing and implementing the key elements of the most important processes in fintechs, making them more efficient, smarter and safer.

We integrate client's system with various databases via API and automate decision making process by supporting it with algorithms, including A.I.

Solutions

Creditworthiness assessment process

Speed

Shortening the waiting time for a credit decision from an hour to a minute significantly increases the chance of a customer acquisition.

Accuracy

The configurable databases query tool easily allows for optimal risk management by setting the desired parameters for certain types of operations.

Profitability

Reducing the cost of single client verification means more profits and more attractive offer comparing to competitors.

Know Your Customer / Anti-Money Laundering processes

Customer satisfaction

Increasing the customer satisfaction by reducing the manual, tedious verification process to the minimum.

Risk suppression

Reducing the risk of the anti-money laundering law trespassing.

Remote-friendliness

Allowing for effective and reliable remote customer verification.

Client case study #1

The client operates in the EUR 48 billion Baltic and Polish consumer finance markets, and also accepts deposits from Germany, Austria and the Netherlands. Finestmedia has developed the system for checking creditworthiness of the client.

Development of client's creditworthiness checking system on the three different markets.

Over 15 different databases from 4 different markets integrated into country-specific flows.

All checks forced by law automated (no manual work) allowing the client's team to handle up to 3 times more requests than before.

Automation of reporting to the partner allowed to decrease time spent for reporting daily activities from 4 hours up to 15 minutes.

Unification of the creditworthiness assessment processes among the branches.

Migrating from the monolith to microservices allowed the client to scale-up their system easily.

Client case study #2

The client is a legal entity organising unemployment benefits, compensating employees for dismissal in the case of redundancy and defending employees’ claims in the case of the employer’s insolvency.

Modular, flexible and reliable system connecting various components via APIs.

Highly improved self-service portal and it's integration with the system.

Full automation allowing to return the financial decision immediately.

Novel solutions allowing to process financial data in legal entity smoothly.

Significantly reduced the time benefit application and processing procedures take.

‘Digital Act of the Year’ award

How do we work?

20 years of experience allows us to ensure the best possible development process.

Intro meeting

Let's get to know each other a little bit. Face-to-face meeting is preferred, but online is also an option. During the meeting we will try to understand your business, expectations, technical problems and limitations.
Workshop

We work together by sharing information and understanding company goals which allows us to prepare in-depth analysis and tailor-made solutions. Consultant and Analyst or Architect will be taking part in the workshop on Finestmedia side. As a result, we present a complex solution that is dedicated for the client, along with providing timeline of the project.
Workshop outcome

Our goal is to understand how does your current creditworthiness check process looks like and what are your expectations. We will tell you how we can get you there.
Development process

1. Sprint planning
2. Daily standup
3. Sprint review
4. Sprint retrospective
5. Backlog grooming
Service package

We offer Support Service Level packages to not leave you alone with your issues.

Our Team

Ready to discuss your issues with you.

Paweł Stachewicz

Sales Manager

Alan Turower

Division Manager

Søren Hejnfelt

Advisor

Contact Us

Please note that Finestmedia values and respects your privacy and will only use your data for answering your request purposes and will not share it with third parties.

Finestmedia Ltd.

Finestmedia Sp. z o.o.

Tartu mnt 80D
10112, Tallinn, Estonia
Registry code: 10714404

Olivia Busienss Centre, O4 building
al. Grunwaldzka 472
80-309 Gdańsk, Poland
Registry code: 0000706659