For the UK fintech company Amplifi Capital, the most prominent lender in the UK credit union sector, we delivered a behavioural model to optimise underwriting with a personalised offer in real-time with a minimal latency. The model predicts the probability of acceptance of each client quote based on hundreds of features incl. credit-bureau data. The number of loan offers accepted increased by 30% as a result of the individual offer for each customer.
DevOps: Automated deployment on the cloud
For our client, Amplifi Capital, the UK’s largest provider of consumer loans in the credit union sector, we fully automated the deployment pipeline creating the Infrastructure as Code (IaC). This solution now enables the deployment of new microservices with a single click. Learn more about this use case.
Development of the Coinmate cryptocurrency exchange
Between 2014 and 2023 we delivered a complete solution for one of the largest cryptocurrency exchanges in Central Europe – Coinmate. The platform’s development was iterative and after 6 months of development, in October 2014, the new cryptocurrency exchange was deployed into the production environment. During 2015 – 2023, Profinit consultants worked with the exchange’s internal team on numerous extensions and related integrations, such as client onboarding, trading and marketing. One of the project’s biggest challenges was to design and develop a trading kernel that would provide buy and sell order entry and matching. A specific challenge was also to understand the workings of each cryptocurrency and provide integration to their blockchain so that users could make deposits and withdrawals.
“Profinit’s team of experts created a cryptocurrency exchange for us based on our requirements from the ground up. They designed a comprehensive solution, which we successfully implemented, and helped us develop it further. Thanks to their experience in the banking environment, we were assured of the high security of the exchange. We also see Profinit’s consultants as important partners who helped us make key decisions to further develop our trading platform.”
Roman Valihrach, Founder of Coinmate
Custom decision engine platform helping Fintech to scale up
Amplifi Capital, 2024 Scale-up of the Year of Fintech Awards London winner, is one of the most successful near-prime loan providers in the United Kingdom. They identified that their current box-solution decision engine might not support future business needs. To support this growth and gain an advantage over competitors in the UK market, we delivered a no-code decision engine platform leveraging Machine Learning that simplified the decision logic, leading to cost savings on external services and improved response times for loan aggregators. With the new solution, Amplifi has grown from 1 million requests per month to more than 2 million requests per month without any performance issues. For more details, see the case study.
“Profinit delivered a flexible no-code decision engine platform that flawlessly replaced the legacy solution. Their experts helped to train our business analysts and testers how to use the platform and handed over the development and maintenance to our internal application team.”
Petr Luksan, COO & Member of the Board
Sustainable backbone solution for FinTech
Amplifi Capital is a FinTech London powerhouse. Their robust monolithic system reached a turning point. 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. Profinit focused on enhancing infrastructure scalability and delivered a scalable solution with easy maintenance. The upgraded solution facilitates the swift release of new products and functionalities. 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. For more details, see the case study.
“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.”
Petr Luksan, COO & Member of the Board