Company
Date Published
Author
Sarah Branfman
Word count
1094
Language
English
Hacker News points
None

Summary

Transforming Credit Management with Credisense and MongoDB is a story about how a company, Credisense, partnered with MongoDB to create an innovative solution for credit management. The current credit management process is clunky, time-consuming, and laden with risk, requiring millions of dollars to capture consumer attention and nurture through the sales cycle. However, consumers are demanding quicker turnaround times and instant approvals, making it critical to simplify and streamline this process. Credisense's MongoDB-powered solution addresses these challenges by providing a full end-to-end origination and credit decisioning platform that enables real-time credit decisions, instant loan approvals, and reduces costs. The platform is built on a "no-code" build capability allowing non-IT personnel to build, own, and manage the system, making it accessible to businesses of all sizes. Credisense has successfully deployed this solution worldwide, including in Malaysia's largest credit reporting agency, CTOS Data Systems, which enables banks, utilities, non-bank credit issuers, fintechs, and lenders to make real-time credit decisions using the platform. The company chose MongoDB for its scalability, security, and extensibility features, allowing it to support a high volume of transactions while maintaining flexibility for on-premises deployment. With MongoDB's support, Credisense is able to provide enterprise-grade solutions to its customers, ensuring their data is secure and highly available.