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FinCompare initially sought support as its team was relatively small , requiring a fast-paced scale-up to overcome the anticipated hurdles . As well as this , there were prior industry challenges of having multiple landing platforms with different regulatory requirements indicating the need for a more consolidated approach to financial management .
To support this large-scale enterprise project , Intellias was needed to aid in the development of a Market Network Platform , providing a convenient system for digital SME financing . Some of the distinctive components of the product developed include :
Intellias builds innovative FinTech platform to help FinCompare bridge the gap between SMEs and banks
• Personal profiles for entrepreneurs and bank representatives
• A system that connects applicants with relevant products
• Indicators service that estimates financial KPIs for applicants
• FI-automation service for automated integration with financial institutions
• Custom open API connector to streamline the integration with banks
As a result of co-operation , FinCompare acquired a market-ready product and received outstanding financing from leading European banking to grow .
I ntellias , a global technology partner to Fortune 500 enterprises , has announced its role in supporting Germany-based FinCompare , a financing platform for SMEs , with its full-cycle development of Software-as-a-Service market network and subsequent financing from Volksbanken Berlin . Intellias managed the project ' s delivery model to offer a one-place system for banking needs in which users can fill in data , send documents for recognitions and then go to the final advisor to decide whether an applicant ’ s loans continue .
Launched in 2017 , FinCompare allows corporate customers to find , compare and , in some cases , complete a full range of financing options , including loans , leasing , factoring and purchase financing from more than 200 banks , alternative financing service providers and promotional banks .
In 2022 , Intellias supported FinCompare with the running of the delivery model to alleviate pressures with running the project .
This included occupying all the leading positions on the project , with Intellias experts taking charge of the delivery process , which involved forming teams , overseeing workflows , reworking existing functionalities , developing new features and integrating the product with over 50 third party services . This project resulted in Intellias facilitating communication between FinCompare and Volksbanken Berlin to identify and implement a financing opportunity .
The aforementioned co-operation and financing resulted in stability in release cycles providing FinCompare with a consolidated platform to utilise within future roadmaps for clients across the industry .
As FinCompare CTO , Christoph Strassen , explained : “ We experienced a great balance of stamina , skills and smartness in the team members that brought us the stability in delivery that we had been lacking in the past .”
Andriy Kusen , Delivery Manager at Intellias , said : “ Thanks to the innovative approach to management from both the Intellias and FinCompare teams , a newly managed delivery model enabled the creation of a consolidated platform , providing a convenient one-stop destination for customers .” �
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