Software Solution for a POS Fintech Lender
- East Coast, Southern US
- Web Application
- Cloud Data Warehouse
Armada Labs was challenged to fine-tune the lease application processes with the latest technology innovation while preserving the ability to obtain customers' credit data and reports from third-party credit bureaus.
Along with that, Armada Labs was working on the following features:
- Ability to generate and sign lease agreements.
- Ability to send the application data into the "back-end" system for further processing and management of lease repayments.
- Admin functionality to enable seamless management and configuration in the application.
- Dashboards and reporting functionality to ensure the necessary level of data analytics.
Armada Labs designed and developed a multi-tier software solution with the primary focus on data security, technology savviness, and quality assurance leveraged for better credit accessibility and management.
Our software allows to handle financing in American shops on B2C lease and covers the whole loan life cycle, including:
Loan management software
Loan initiation, application review, assessment, approval, and denial — all in real-time. The fast and easy application and credit approval are the keys to customer satisfaction, translating into increased sales for dealer partners.
Electronic formation of lease contracts
Integration with DocuSign facilitates online lease agreements, storing them and allowing for field changes directly from a mobile device.
Automated payment processing
The software automatically deducts the regularly scheduled payments from the customer’s bank account.
Custom installment plans
The payment plan is determined by individual payment frequency and the cost of the purchased item.
Operation reporting for clients, users, and storehouses
A full set of records about approvals, funded details, sales metrics, past-due balances, and other documents are completely transparent and available 24/7.
- AI-Driven Loan Management
- Credit Bureau Integrations (Clarity, DataX, Experian, etc.)
- Alternative Underwriting Data
- Automated PCI DSS, KYC-AML Compliance
- Due Data Notifications
- Proven Quality Analytics
Loans per Person per Day
Estimated Annual Revenue
Reduction in Systems
Monthly Payments on Loans
“Our team is very proud to be a part of the successful journey and dynamic development of Koalafi.Hard work, attention to details and desire to deliver best results possible make Armada Labs strong technology partner to Koalafi.”