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Garkonix

Fintech · 16 weeks to launch

Cutting loan decisions from 4 days to 7 minutes

A digital lending platform with automated underwriting that took loan decisions from a 4-day manual review to a 7-minute automated flow.

loan decision time, down from 4 days
7 min
loan decision time, down from 4 days
application completion rate
2.1×
application completion rate
platform uptime since launch
99.98%
platform uptime since launch

The challenge

Client
Consumer lending fintech
Services
Custom Software, AI & Machine Learning, Cloud Solutions
Timeline
16 weeks to launch

The lender's underwriting ran on email, PDFs, and a five-person review team. Applications took four days to decide, and 60% of applicants abandoned before finishing the paperwork.

Compliance requirements meant every automated decision needed a full audit trail, human-review escalation paths, and explainable criteria. A rules engine, not a black box.

What we did

The approach, decision by decision

  1. 01

    Rebuilt the application flow around completion

    Replaced a 34-field form with a progressive six-step flow with document upload, autosave, and bank-data prefill. Every removed field was argued for with funnel data.

  2. 02

    Automated underwriting with an explainable rules engine

    Encoded credit policy as versioned, testable rules with ML-assisted risk scoring as an input, never the decider. Every decision produces a human-readable audit record.

  3. 03

    Kept humans in the loop where it matters

    Edge cases route to a purpose-built review console where analysts see the full applicant picture in one screen, cutting manual review time for the cases that still need it.

The results

  • Median time-to-decision dropped from 4 days to 7 minutes for 83% of applications.
  • Application completion more than doubled (2.1×) after the flow redesign.
  • Review team refocused on genuinely complex cases; approval quality metrics held steady.
  • Passed the client's external compliance audit with zero critical findings.

Built with

  • Next.js
  • Go
  • PostgreSQL
  • Redis
  • AWS
  • Terraform

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