1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Fintech
Fair lending platform with alternative credit scoring
Turn‑key fintech solution enabling financial inclusion through Open Banking data
Custom software development
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Fintech
Fair lending platform with alternative credit scoring
Turn‑key fintech solution enabling financial inclusion through Open Banking data
Custom software development
Who we worked with
Client overview
UK‑based fintech startup focused on fair, accessible consumer lending.
Who we worked with
Client overview
UK‑based fintech startup focused on fair, accessible consumer lending.
What we did
Project overview
- Goal
Our client wanted to change the way loans were issued in the UK.
Traditional credit scoring systems often forced borrowers into high‑interest loans or excluded them entirely, despite evidence of responsible financial behavior. Our client identified that reliance on bureau data alone was leading to unfair lending decisions and limiting access to affordable credit.
They aimed to fix this by using open banking data and alternative financial indicators to assess a borrower’s real affordability — not just their credit score.
- Our solution
Our client came to us with business logic and scoring rules already defined. This significantly shortened the discovery phase. We only had to identify requirements, map necessary activities and design the architecture.
Then we created a prototype to quickly validate feasibility. After the positive outcome, we started working on a full solution.
It was a modular system built around three core components:
– Authentication module — handled secure creation and removal of applications.
– Scoring module — retrieved open banking data and classified it according to our client’s specifications: income patterns, spending behaviour, recurring commitments, demographic factors, etc.
– Configuration & Validation module — applied a three-step evaluation of the classified data against our client’s scoring rules and delivered a verdict.
All components were brought together in a unified dashboard that gave lenders a clear overview of each application’s status.
- Workflow
The development team operated fully remotely, following Agile methodology with structured sprints and bi-weekly demos to ensure continuous feedback and alignment. Transparent communication and progress tracking were maintained through Jira for task management and Slack for daily collaboration.
What we did
Project overview
- Goal
Our client wanted to change the way loans were issued in the UK.
Traditional credit scoring systems often forced borrowers into high‑interest loans or excluded them entirely, despite evidence of responsible financial behavior. Our client identified that reliance on bureau data alone was leading to unfair lending decisions and limiting access to affordable credit.
They aimed to fix this by using open banking data and alternative financial indicators to assess a borrower’s real affordability — not just their credit score.
- Our solution
Our client came to us with business logic and scoring rules already defined. This significantly shortened the discovery phase. We only had to identify requirements, map necessary activities and design the architecture.
Then we created a prototype to quickly validate feasibility. After the positive outcome, we started working on a full solution.
It was a modular system built around three core components:
– Authentication module — handled secure creation and removal of applications.
– Scoring module — retrieved open banking data and classified it according to our client’s specifications: income patterns, spending behaviour, recurring commitments, demographic factors, etc.
– Configuration & Validation module — applied a three-step evaluation of the classified data against our client’s scoring rules and delivered a verdict.
All components were brought together in a unified dashboard that gave lenders a clear overview of each application’s status.
- Workflow
The development team operated fully remotely, following Agile methodology with structured sprints and bi-weekly demos to ensure continuous feedback and alignment. Transparent communication and progress tracking were maintained through Jira for task management and Slack for daily collaboration.
What our client achieved
£1M
Lending volume in the first month post-launch
2 min
Application processing time
13
Partners across lending marketplaces and investors
What our client achieved
£1M
Lending volume in the first month post-launch
2 min
Application processing time
13
Partners across lending marketplaces and investors
You can trust Octalance not just to build complex, original work, but also support the developed product and ensure it thrives after release.
Client’s CTO
What our client said
You can trust Octalance not just to build complex, original work, but also support the developed product and ensure it thrives after release.
Client’s CTO
Repeat the success
Want the same results?
Leave us your details and we’ll contact you soon to understand your business needs
About you
About your project
Related projects
1
2
3
4
5
6
7
8
9
10
11
12
13
Data architecture
1
2
3
4
5
6
7
8
9
10
11
12
13
Data modeling
Data warehouse development
1
2
3
4
5
6
7
8
9
10
11
12
13
Dedicated team
1
2
3
4
5
6
7
8
9
10
11
12
13
Custom software development
Related projects
1
2
3
4
5
6
7
8
9
10
11
12
13
Data architecture
1
2
3
4
5
6
7
8
9
10
11
12
13
Data modeling
Data warehouse development
1
2
3
4
5
6
7
8
9
10
11
12
13
Dedicated team
1
2
3
4
5
6
7
8
9
10
11
12
13
Custom software development