Commercial Lending Platform
Overview
Client Location
USA
Industry
Financial Services
Need
Modernize financing platform with tenant-based architecture and improved tech stack.
New Century Financial (“NCF”) was founded in 1985 and has grown over the years into an innovative Houston- based private financial-services organization, servicing privately-held businesses through a major factoring company and a private equity firm. The factoring arm provides financing for businesses across the U.S. through the purchase of accounts receivable at a discount, and making loans for equipment and working capital. Competitive pricing, individualized client assistance, and innovative financial solutions are combined to accomplish its mission.
Challenges
The main challenge was modernizing a financing platform by moving from a monolithic architecture to a tenant-based one, migrating from Ruby to ReactJS, and serving multiple clients from a single codebase efficiently.
1
Moving from a monolithic architecture to a tenant-based one.
2
Migrating from Ruby to ReactJS.
3
Serving multiple clients from a single codebase.
Solution
FintegrationFS modernized the platform by adopting a tenant-based architecture and migrating to ReactJS, enabling the platform to serve over 15 clients from a single codebase.
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Migration to ReactJS: Transitioned the platform to ReactJS for better performance and a more responsive user interface.
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Multi-Tenant Support: Enabled the platform to efficiently serve over 15 clients from a single codebase, enhancing operational efficiency.
Components
Impact
Time-to-Market Halved
Reduced time to market by 50%.
Scalable Platform Upgrade
Enhanced platform scalability and maintainability
Enhanced User Experience
Improved user experience with modern technology stack.