ThoughtWorks built a flexible loan origination platform for the bank and enabled them to quickly roll out products to respond to market needs providing agility. The platform includes loan origination, risk assessment, digital underwriting, handling approval, back office, and disbursement to auto dealer accounts. ThoughtWorks also provided business consulting and tech strategy alignment to drive product thinking and continuous delivery.
- Platform helped increase digital lending from 0% to 30% in 2 years
- Platform help launch new products in 4-5 weeks, as against the 6 months it would take to do the same with the old system
The allure of digital lies in its promise of delivering speed, agility, and innovation. But digital doesn’t happen in a day and a big-bang transformation approach won't realign your stars.
Considering the shift in design, philosophy, and culture - how challenging would it be to embed digital into the fabric of your organization?
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