Are you aiming to enhance your digital lending customer experience, and operational efficiency? Can a modern lending platform help you innovate faster and support multiple credit products? If so, trust Thoughtworks to help you build a minimum viable product (MVP) for your lending platform, using AWS Cloud.

During this 2-5 month engagement, Thoughtworks will develop a lending platform that leverages ecosystem services in your market and, and integrates support for your business processes such as KYC and income assessment. The Thoughtworks team will also help you leverage emerging technologies that may align with your bank’s strategy, such as generative AI.

You’ll also experience how Thoughtworks iteratively refines the lending solution based on stakeholder feedback. Thoughtworks’ technologists will leverage AWS products and services to accelerate development and employ continuous delivery practices so you can release new products and services confidently. By the end of the engagement you’ll have a working pilot of your lending platform on AWS and a roadmap to address the next set of lending use cases, using this foundation.

Sample agenda

Here’s how the Thoughtworks team will run this delivery engagement.

• Refine the backlog and prioritize tasks.
• Establish the foundational infrastructure, engineering tools, and frameworks.
• Set up all delivery communication channels.
• Conduct showcases, gather feedback, and make necessary adjustments.
• Plan and execute the release to production.

Deliverables

At the end of the engagement, you’ll receive:

⦿ Executive readout showcasing:

• The approach and use case(s) addressed by the MVP
• Business outcomes and value delivered
• Investment roadmap for future projects

⦿ A production-ready MVP

• Working software for your top-priority use cases
• Infrastructure foundation for faster future delivery
• Solution design and architectural blueprint for ongoing modernization

⦿ A measurement framework to track success

• Key performance metrics for modules and services
• Leading and lagging indicators of success
• System performance reports

⦿ A roadmap for the way forward

• Lean value tree to prioritize critical business problems
• Ways of working for future service modernization
• Team structures to support the modernization program
• Vision and design for the modernized platform
• Present and goal-state database designs
• Architectural decision records (ADRs)
• Architecture blueprints

Applicable areas

Thoughtworks’ digital lending MVP is for you if you need a partner to develop and validate a working pilot for digital lending origination. Here’s how Thoughtworks can help you:

• Work with the agile delivery experts: Thoughtworks’ combines three decades of agile software delivery expertise to build your digital lending MVP.

• Leverage ecosystem services: Thoughtworks’ domain experts leverage region-specific ecosystem and fintech services to streamline and automate lending processes so you can reduce approval times and drop-off rates and delight your customers

• Employ emerging technologies: By leveraging their AWS Financial Services Competency, Thoughtworks can advise you on the most suitable emerging technologies, that align to your business strategy

• Collaborate with industry experts: With the help of Thoughtworks’ financial services experts, you’ll implement your business processes and solutions such as KYC, income assessment, and e-disbursal in your modern lending platform.

• Achieve broad reach: By building a microservices-based lending platform, Thoughtworks will enable you to onboard partners and tap into existing customer bases so you can expand your market presence.

Applicable AWS products and services

During this engagement Thoughtworks will advise you on AWS products and services such as Amazon Sagemaker, AWS Lambda, AWS Glue, Amazon Kinesis, Amazon RDS, AWS Step Functions, AWS Amplify, Amazon API Gateway, Amazon DynamoDB that you can employ to build your digital lending platform.