Development and Implementation of Top Security Measures for an End-To-End Loan Broker
The client
CashCape is a mobile-first loan broker working end to end in the German market. Its assistant app helps people manage their money: short-term borrowing at low cost, and larger loans over longer terms, arranged quickly and without bureaucracy.
On the B2B side it is a window onto consumer patterns, and its data can be used to promote services tailored to particular people or groups. The company came out of beta in 2017.
The challengeWhat the teams actually needed
Plenty of people in Germany cannot get a reasonably priced loan because they are too young, have too little credit history or too low a score — leaving them with high interest, extra fees and slow decisions.
Challenge 01Excluded by the credit score
Age, thin credit history or a low score keeps people away from sensible borrowing entirely.
Challenge 02Slow decisions
Long decision-making processes compound the cost for people who need money quickly.
Challenge 03Everything online
Customers had to be able to complete every required step remotely, through video calls and digital signatures.
What we did
Fast loans through a flexible approval process
Fast loans reach people through an efficient mobile platform, and a credit approval process flexible enough to say yes where a conventional one refuses.
Loans that reach people
Short-term borrowing at sensible prices and larger long-term loans both run through the same app.
Remote, end to end
Video calls and digital signatures mean every required step happens online rather than in a branch.
A model that predicts
The model is data-driven, with a decision engine complex enough to predict how someone will behave — which is how the probability of repayment gets calculated.
Beyond beta
Since coming out of beta in 2017 the company has been building new features, improving the experience and optimising the app’s performance.
Client testimonial
The Netguru team – both backend developers and QAs – really felt the product. Their approach to the CashCape app went far beyond the coding tickets we put in Jira, which helped us avoid many pitfalls we might have missed otherwise. Netguru’s QAs also did a tremendous job of thoroughly thinking through the entire process and finding edge cases and issues before they occurred.
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What’s next