Prosper:
Automated Loan
Management
System
Client
Industries
Services
Technologies
Introduction
Prosper is one of the first peer-to-peer lending marketplaces in the United States. The company offers various financial services focusing on personal loans, credit cards, and home equity lines of credit. Since its inception, Prosper has facilitated more than $23 billion in loans to more than 1,4 million clients.
Challenge
Prosper’s goal was to make the loan application and approval process as simple as possible. It should allow borrowers to apply for a loan by simply entering a few pieces of information. The request would be approved within hours, improving and optimizing the improved lending experience, making it completely different from that of traditional banks
Solution
“We’ve been working with Avenga for over a year on Prosper.com development and the supporting back-end services. We can count on Avenga to understand the business requirements and meet the delivery expectations. The quality of their services and their dedication to our business needs has been outstanding.”
Scott Strait, CTO
Results
Faster loan granting, thanks to an automated loan management system.
Reduction in cost over domestic engineering rates.
Prosper and Avenga continue to work together to enhance the application as a core business layer to make it more attractive for users and easy to use.
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