Empowering Growth: Sustainable Backbone Solution
SUMMARY
- Client
- Amplifi Capital
Amplifi Capital is a FinTech London powerhouse. Their monolithic system reached a turning point – evolving business needs, tougher maintenance, and pressure to speed develepment of new products. Profinit enhanced infrastructure scalability and delivered a scalable, easy-maintenance, automated solution that enables swift releases, robustness, lower costs, and developer efficiency. Amplifi teams handed over and adopted the solution in 8 weeks.
Results
Project Background
Amplifi Capital, a FinTech London powerhouse and 2024 Scale-up of the Year of Fintech Awards London winner, pioneers tech-driven solutions for affordable consumer loans in the near-prime market. Their robust monolithic system reached a turning point where expansion became crucial to keep pace with evolving business dynamics.
The surge in system updates, while a sign of growth, began to slow down maintenance and development speed for new products and functionalities. As complexity grew, so did infrastructure management costs and demands on continuous delivery. Amplifi’s burgeoning teams faced challenges in balancing system evolution with daily demands.
Challenge
The main challenge was adapting Amplifi’s IT infrastructure to support evolving business needs while dealing with more difficult maintenance and increasing development speed for new products. This involved enhancing flexibility by concurrently offering financial products from multiple brands and personalised offerings through improved integration of machine learning.
Amplifi needed to navigate its way in the landscape of technology, deciding to modernise its infrastructure to prevent risks associated with outdated systems, ensure adaptability to rapidly evolving business requirements and lower maintenance costs.
Business Needs
The solution needed to meet the following requirements:
- Accelerate the release of new products and functionalities to the market
- Facilitate the offering of diverse financial products across established and new brands
- Integrate machine learning solutions for personalised product customisation
- Lower infrastructure configuration and maintenance costs
Solution & Results
Profinit’s approach focused on enhancing infrastructure scalability, which is pivotal for seamless deployment. Embracing micro-service architecture, our consultants undertook the redevelopment of segments within the existing monolithic system, leveraging cutting-edge technologies for modernisation.
The upgraded solution facilitates the swift release of new products and functionalities, enhancing market responsiveness. Moreover, it enables the offering diverse financial products across brands, amplifying consumer choices and market reach.
Automation of infrastructure management bolsters scalability, ensuring robustness, lower maintenance costs and developer efficiency. Amplifi teams managed to hand over and adopt the developed solution in 8 weeks.
HEAR FROM THE CLIENT
Profinit provided us with a sustainable backbone solution for our growing business that we needed for our dynamic scale-up of new product offers and the increasing number of clients.
