About the client and its business problem
The recession has made financial companies shift from growth to optimization in payments, transaction processing, and infrastructure. Digital transformation is now key to maintaining resilience.
Our client, a French family investment fund, provides loans and builds business centers, call centers, and fintech services under a B2B2X model. The business is currently planning expansion to a new EU market. There’s a child company with its own management. At the same time, the organization is actively developing its proprietary solution to meet the regulations and requirements, but was relying on the legacy solution at the beginning. This parent solution is still planned to be used for analytical and reporting services to collect, check, and audit the data associated with loaning, including repurchases and status updates.
The key challenge: a lack of a unified system for financial data management, with inconsistent reporting schedules, delayed or incomplete transactions, and high security demands. A quick, cost-effective proof-of-concept automated payment matching for audit purposes was needed to validate the market opportunity before full rollout.
Business challenges
To design the optimal solution, we studied the main challenges our client faced:
- The need to test a proof-of-concept before entering a new market abroad
- Ensuring a smooth transition from the parent system to the new system
- No single system to manage and audit financial data from different sources
- Misaligned payment and reporting schedules between platforms, causing confusion
- Some transaction data comes late or is incomplete
- High security demands due to the handling of sensitive financial information
Together, these challenges highlighted the need for a scalable, secure, and integrated solution to ensure reliable data consolidation, maintain audit readiness, and support the client's expansion goals.
Our vision for this problem included creating a custom API for financial transaction monitoring to enable complete and consistent auditing across all data sources to merge data from the old and proprietary child systems, so that relevant data is reflected in the reports.
To address this, we started with tenant medallion architecture development to gradually integrate the reporting system with a custom CRM and payment application. We ensured all relevant records were properly extracted, transformed, and loaded (ETL) into the data warehouse. Ultimately, our solution enabled a subsidiary company to transition smoothly toward an independent, unified system tailored to its operational and auditing needs in the new market.
What was done
After analyzing the client’s case, our Discover Team promptly identified a viable and strategic idea, and our developers started implementing it, guided by a clearly defined roadmap and Agile methodology. Thus, we addressed all the pain points for an optimal solution by completing the following tasks:
- Developed a new API with financial data integration across legacy and custom platforms for collecting payment and loan data from multiple sources, transforming it into a unified system
- The integration of electronic document management and the seamless app migration to cloud enhanced documentation workflows, making employee onboarding and digital adoption significantly more efficient
- Enabled historical data reprocessing and consistency checks for accurate auditing
- Implemented logic to handle repurchased deals and resolve conflicts between systems
- Made an automated audit system for investment fund reporting more adaptable, with easy configuration via database controls
- Smarter cloud-based infrastructure with scaling built for peak performance
- Ensured the platform remains scalable and adaptable, supporting growth and quick adjustments before market entry
To make this all possible, we chose a modern tech stack including .NET Core for robust backend development, Azure Functions for scalability, and Azure SQL for secure, cloud-based data management. On the frontend, React and CSS delivered a responsive and user-friendly interface that made interaction with the app more convenient.
The strategic value we brought to the business
Our solution offers both immediate and long-term benefits for the client. First, we provided the business with a quick start and reduced time to market. Thus, it allowed for operations without the need to develop a proprietary system from scratch.
Although there are many solutions on the global market that partially or fully address this challenge, the product engineers created a custom solution that stood out for its effectiveness and flexibility. It is multifunctional enough to:
- Be sold to a new client as a ready-made solution
- Be easily adapted and reused in future projects
We enabled the client to efficiently test a new business niche by investing less than 90,000 EUR in system adaptation and avoiding building a solution from scratch for about 200,000 EUR with competitors. For less than half the cost of creating an entirely new system, the client received a practical solution to its business problems and saved money for more strategic tasks during market expansion.
Now, the client has a proven process for scaling in other subsidiaries without additional investment. With our ongoing support after delivery, we ensure continuous seamless performance of the solution and prompt response to any issues that arise. After this successful cooperation, we plan to proceed with offering our services to another investment fund in Europe, Patrizia SE.
NetLS is a reliable contractor with expertise in working with financial data and processes in EU markets, delivering the following fintech services:
- E2E development cycle, including development, testing, delivery, and support by a dedicated team
- Enhanced security with cloud-native architecture, resulting in financial data and transactions protection along with reduced paperwork
- Automation of repetitive operations, eliminating human error, and minimizing risks
- Smarter cloud-based infrastructure with scaling built for peak performance
- Accuracy and reliability in data accounting and analysis
- Access to innovative technologies and solutions that help maintain competitiveness in the financial services market
- Smooth expansion into new markets and regions via decentralized solutions and mobile applications
- Built-in analytics and reporting for detailed financial insights and informed decision-making
- Regulatory compliance with industry standards, ensuring legality and data security
- Cost optimization, offering the best value at the lowest cost for MVP, as well as free consulting
We are the right partner if you need help in the following scenarios:
- Support for projects requiring a reliable contractor with a high-quality workflow achieved by thorough planning and equipping development teams with smart people who can understand our clients’ industries and design effective solutions
- Starting or developing a business when strengthening financial accounting and control is necessary
- The need for regulatory-compliant fintech software for investment funds, experiencing changes in legislation or requirements to comply with new rules and standards
- Busy operational seasons or preparation periods for financial reporting
- Launching new projects or initiatives to manage finances and resources
Do you have a similar problem? You can calculate the approximate cost on Our Pricing | NETLS page. Explore more of our fintech expertise in the case studies section.