RNDpoint

CLIENT’S PROFILEBreaking Equity is a FinTech startup headquartered in the US. It focuses on innovative automation of stock trading for retail and institutional investors.CLIENT’S REQUIREMENTSThe project was aimed at creating an algo-trading solution that could make stock market asset trading possible in a few clicks.The app should contain fully automated trading tools and provide users with free and premium marketplace strategies. Another task was the development of a customizable builder of strategies that would use historical trading data for the last 20 years.BUSSINESS CHALLENGESThe first business challenge we faced was to create a team of experts with the right experience in the niche. It should embrace FinTech specialists with in-depth expertise in algo-trading and stock markets.Our team had to perform the following tasks:MVP creation on the basis of the required specifications. Fully functional prototype building to enable the first seed round of investments.App development with functionality both for novice and seasoned traders.SOLUTION DELIVEREDOur team developed a product containing the following features:  An application with an in-built set of free and premium tools for the creation of trading strategies.Virtual money trading tool (demo account) for testing strategies through operating with virtual funds. Subscription-based user model with basic and advanced features for novices and experienced traders. Strategy customization feature enabling users to create unique strategies and sets of filters.PROJECT OUTCOMESThe product was launched in October 2021. Though the project implementation is still in process of final fine-tuning and full-scale app development, it has already engaged 1,000+ users who are managing millions of dollars on a daily basis.Currently, the app is fully integrated with many popular trading brokers, such as Interactive Brokers, Robinhood, Charles Schwab, and covers all the US stocks.

CLIENT’S PROFILE Our client is an innovation-focused European bank that provides ground-breaking FinTech commercial and consumer services.CLIENT’S REQUIREMENTSRNDpoint used to work with the Bank on a payment system development. The Bank’s team remained highly satisfied with the previous project, so they hired RNDpoint to create a BNPL solution. The BNPL project presupposed issuing payment cards that allow its owners to buy merchandise and pay for it in installments of up to 12 months without a credit interest. We had to create a website, an online portal, and a mobile app, all integrated with the client’s administrative database. The main functionality was to be as follows:The purchase price should have been divided by the number of installments chosen by the user, which would have reduced the credit burden. Every Bank user receiving the BNPL card would have a personal account containing all information about their repayment status. Users should also be able to find the list of partners, goods, and services available for acquisition on the BNPL principle. SOLUTION DELIVEREDThe RNDpoint team worked on the solution’s technical specifications, UI/UX design, full-stack development of the ecosystem, and testing. We also completed database integration and restructuring for its smooth linkage to the client’s IT infrastructure, completed automatic invoice generation. The second iteration of our project work involved a business portal’s launch for commercial users wishing to become part of the Bank’s BNPL program.The RNDpoint staff developed a new, functional administrative database for the Bank to track all financial and legal documentation with BNPL partners.PROJECT OUTCOMES The result of RNDpoint’s work on this project was the full development of a large-scale BNPL project. The app has a network of 30,000+ commercial partners, becoming the country’s largest and most famous BNPL program. The program has become the #1 source of revenue for the Bank.

The Credit Decision Platform (CDP) is a multi-modular solution for both manual and automatic loan origination application processing.Fast development and delivery in less than 3 months. Fail-proof integration with all the internal and external systems. Processing of 1,000 applications in less than 15 minutes. Fast and easy adaptation to new business requirements without coding.To meet the strict deadline and the requirements elicited at the business analysis stage, RND Point’s engineers used the cloud-based FICO Application Studio, which is built on the OutSystems Rapid Application Development platform.Thanks to our choice of effective and reliable development tools, the development process itself was straightforward and well-paced, with no unexpected issues. Our engineers finished the development and delivered the fully functional credit decision platform within the contractual terms.IMPACTThe very first stress testing showed the credit decision platform could process up to 1,000 applications in 15 minutes. Before the delivery, it would take at least three months for the bank’s entire loan department to process as many applications. In the first year after the CDP launch, the bank reported its record revenue. Thanks to these achievements, we were able to carry on our collaboration with the bank with much more scaled-up projects. This collaboration is still ongoing.

Collection is a past-due debt management collection system. It covers all banking front-office workflows related to debt collection.Decision-making strategy development — completed; Pre-collection stage operations — completed; Soft-collection stage operations — completed; Hard-collection stage operations — completed; Collection agencies — completed; Legal collection agencies — in progress.The customer, the owner of the Collection system, is a sizable commercial bank with a focus on lending to individuals. Therefore, debt collection management is one of the bank’s essential business operations. It goes without saying that the bank already had a debt-management system, but by that time it became out-dated and not reliable any longer so a quick implementation of a new system was really a mission critical requirement.As the bank had already used FICO-based solutions with satisfying results, they chose FICO as the basic technology for the debt collection automation system to be developed and implemented by an external vendor.Our long-term cooperation was subject to our team’s successful completion of the first project stage: Business Rules Management System (FICO Blaze Advisor) implementation. Our company was well familiar with FICO and we proved to be a reliable and qualified partner, so we were proposed to develop the whole debt management system.Thanks to the choice of the OutSystems-based FICO Application Studio and Oracle technologies, we are able to carry out the development much quicker in comparison with custom development.IMPACTThe bank started using the system as soon as the first phase was completed due to its stability and reliability. After the first six months of operation, our automated debt collection system made it possible to manage problematic debts 32% faster on average. As our cooperation smoothly expanded from one iteration to another, the bank became one of our largest customers. Now, we continue to collaborate on other projects.