Project no. 2020-00173 has been implemented with the support provided by the Ministry of Innovation and Technology of Hungary from the National Research, Development and Innovation Fund, financed under the 2020-1.1.1-KKV-START funding scheme.
Our project was aimed at addressing the liquidity problems faced by small and medium-sized enterprises. To help solve this market need, we redesigned our end-to-end, mobile-first banking e-sales application, Flint. The retail platform was already functional and marketable in 2019, but after the redesign, not only individuals but also companies can now apply for loans or state support. The milestone completed under the framework of the tender was the creation of Android and iOS mobile applications, as well as an interface optimised for desktop.
What is Flint?
Flint is an end-to-end e-sales solution for financial institutions, which is capable of executing credit scoring through a mobile platform*, therefore a loan application can take only 20 minutes. The solution uses public registers, therefore most of the user data is automatically filled in thus its cleanliness is also guaranteed.
How does Flint work?
eKYC module
All indirect means of identification provided by the Act LIII of 2017 on the Prevention and Suppression of Money Laundering and Terrorist Financing are incorporated
Identification based on reading an e-ID card as well as the biometric passport chip, which is implemented using NFC technology
Clients are identified with the help of the Central Authentication System (KAÜ)
Taking a selfie and photos of the official identification documents of the customer are an important part of the identification process too
Automated, online credit application process
Usage of public registers for due diligence making the approval process quick
Fast credit scoring identical to banks’ processes owing to automation and applied AI
Certified contract signed by the client with e-signature (private document representing conclusive evidence)
Forwarding the full transaction documentation towards the financial institution
Validation by the bank based on the incoming information
Notification of the disbursement, which can be easily accessed by the client in the application
e-Signature
Document authentication based on customer identification (AVDH), and other market-based service provider solutions are also available through the application. The electronic signature based on an e-Identity Card will also be introduced soon.
For users without access to the document authentication based on customer identification service we provide advanced e-signature.
Frictionless user experience
Online identity proofing and authentication
Scoring engine
Automated procedure
Credit contract: Complete private document representing conclusive evidence with e-signature
Mobile-first form based on extensive UX and CX research
Contrasting visualisation
Easy process that can be finalised within 20 minutes
Not only for existing customers
Opportunity for full software integration and automation
Possibility to build the solution on the existing infrastructure
Integration is not necessary
Your ultimate e-sales solution…
End-to-end mobile-first e-sales for financial institutions.
Comparison platform
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All indirect means of identification provided by the AML Act
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Full transaction documentation
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Credit scoring
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Certified contract signed by the client with e-signature
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Forwarding the full transaction documentation towards the financial institution
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Validation by the bank based on the incoming information
✓
Notification of the disbursement, which can be easily accessed by the client in the application
✓
About us
Lippert Llc was established in 2003, the company provides support for the implementation of complex IT projects. Throughout their 17-year old operation, they have participated in projects of large financial institutions like Erste Bank, K&H Bank, MKB Bank, Citi Bank, Provident and Sberbank as well.
ff.next offers design-driven mobile banking solutions for financial innovators with a special focus on younger customers, including off-the-shelf, boxed solutions as well as an end-to-end service from UX research, through UX/UI design to implementation. Their expert team of 12 is dedicated to help financial institutions and fintech companies provide their clients with state-of-the-art, mobile-first solutions and the right customer experience.
After seeing how complicated and lengthy the legacy lending processes are, we decided to join our forces and put an end to lengthy lending! Our partnership is a great example of how traditional fintech companies and fintech startups can work together efficiently and create great value for customers.
