Client is a lending bank fully operational on internet. Bank accepts loan application online and performance most of review automatically via various integrations. Once loan is approved it is sent to an auction process where lenders will bid for part of the loan at varied rate of interest. At peak system can reach up to 10000 bids per minute. Each successful bid gets converted into loan part which is services via a specific engine for repayment. System also allows lender to deposit and withdraw money from their bank account which gets processed via national payment system of the country. System features live auction update, banking standard audit trailing, full encryption of personal information and regular record integrity check via automated system for temper protection.
System is fully deployed in Azure and leverages various azure capabilities including azure functions , blob storage and Office 365 integration for seamless communication on single platform.