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Commercial Lending Platform

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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

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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.

Technology Stack

React.Js

Node.Js

Apigee

Mongo DB

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Azure

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