Building a Cutting-Edge Fintech Solution for Risk and Fraud Prevention
The client
A leading global technology solution provider for financial services, supplying credit information and solutions across credit risk management and fraud prevention.
The goal behind the work was a world with fewer payment defaults and less online fraud: identifying and weighing risk in a client’s business so decisions about accepting or rejecting a transaction can be made automatically and well.
The challengeWhat the teams actually needed
Fighting fraud is a fast business. Fraudsters work around the clock looking for weaknesses in digital systems, which means a provider has to innovate at the speed its opponents adapt.
Challenge 01Existing solutions were not enough
The company already had products for risk and fraud prevention, and still needed to move faster to keep supporting its customers.
Challenge 02Capacity the in-house team lacked
Launching the new solution called for outside resource across backend, frontend and infrastructure development to complement the internal team.
Challenge 03Performance and reliability
What the client wanted was a substantial lift in performance and more reliability for the people depending on it.
What we did
A new risk engine, built alongside the in-house team
Having analysed where the development and the business were heading, Netguru supported the build with Node.js underneath, React on top and AWS behind both — and contributed on continuous integration and delivery while helping an agile mindset take hold.
Decisions made automatically
The service identifies and evaluates risk in a client’s business so accepting or rejecting a transaction can be decided without a person in the loop.
A dashboard that adapts
The dashboard is innovative and individually adaptable, preparing the key figures and offering the management options that matter most.
Transactions, watched simply
Monitoring transactions is straightforward and intuitive, and fraudulent ones are presented so clarification cases can be processed quickly and cheaply.
CI/CD and the way of working
Netguru brought continuous integration and delivery knowledge and acted as a facilitator for agile practice and closer collaboration.
Tech stackThe tools that made it possible
01
Node.js
The backend of the new risk and fraud prevention solution.
02
React
The frontend, including the adaptable dashboard.
03
AWS
The backbone the infrastructure runs on.
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What’s next