KYC & Property Check Services

We built two brand-new microservices for an authorized payment institution, enabling automated KYC checks of investors and borrowers as well as automated real-estate background checks.

Industry Financial Services

Duration: 1080 hours

Team: 7

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Technologies utilized

Python, MySQL, Tornado,
RabbitMQ, Jenkins, Docker,
Alembic, Cabana, Poetry,
ReDoc

Team composition

1 Tech/Team Lead
3 Back-end Developers
1 QA
1 DevOps
1 PM

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CLIENT

LendInvest is a London-based financial services and fintech company that runs a sophisticated investment platform. It allows institutional and individual investors to conveniently invest in real estate in the UK and borrowers to obtain the loans to implement real estate projects. Since its inception in 2008, LendInvest has lent more than £3 billion of mortgages and helped put thousands of new or improved homes onto the UK housing market. The company’s funders and investors include pension funds, insurers, and global institutions such as HSBC, Citigroup, and National Australia Bank.

Challenge

The client’s business of investing in real estate and providing asset-backed loans for real-estate projects is powered by a cutting-edge digital platform. It allows borrowers to receive fast financing and investors to easily invest, track, and manage their investments.

To increase the speed of the business's operations and performance, and to improve customer experience, the client needed to maximally automate the procedures for background checking both potential investors and borrowers, as well as the real-estate objects and land plots being invested in. Special attention should have been paid to following KYC regulations.

Features

Microservices

We developed two standalone microservices for the existing client’s platform - API KYC & API Property Check - to automate background check of the investors & borrowers, the real estate & land.

Architecture

Each of the services is designed to collect the inquiries for the corresponding background checks, submit them to the third-party solutions, performe particular checks, receive the results, and forward them back.

Business values

Back-end development

Besides having developed the full-featured microservices and its architecture, we created the MVPs of the microservices for the client to test how they operate.