Online loans that work — for businesses and customers.

ITRise / project dossier

Fintech Solution for Compliance with SAMA Regulatory Requirements in Saudi Arabia

OVANC — A Microloan Platform

2stages covered
5recorded outcomes
360°project context

01 / project brief

The challenge, without the noise

We define the business goal first, then select the technology.
Goal

Microfinance — Without Micro Problems

The client was a startup in the microfinance industry. All processes were handled manually:
  • record keeping in spreadsheets,
  • manual scoring,
  • sending contracts and reports manually,
  • chaotic document workflow.

Results:
  • Processing time — up to 3 days
  • Errors — critically frequent
  • Regulatory reports — prepared manually
Client request

What needed to change

“Develop a centralized system that automates all processes and complies with the regulations of Saudi Arabia.”

02 / delivery process

From discovery
to a working system

  1. 01

    Back-Office System

    Functions of the Administrative Portal



    Unified Customer Database — the entire customer history stored in a single profile card;
    Verification and Scoring — semi-automated verification and risk assessment;
    Loan Lifecycle Management — from application to closure, including overdue payments;

    Document Automation — contracts, notifications, and reports generated in one click.

    Stage outcome

    The team moved from Excel spreadsheets to a secure centralized system.

  2. 02

    Server Logic and Database

    Reliable Core Built on PostgreSQL + Express



    Encryption and Access Control — customer data is protected with role-based permissions;

    High Load Capacity — the system handles peak activity with stability;

    Regulatory Compliance — the architecture is designed to meet SAMA requirements.

    Stage outcome

    A solid foundation was created for a scalable and compliant business.

03 / impact

What changed after launch

Not a list of features, but real changes in day-to-day operations.
  1. 01
    Application processing time reduced to less than one day
  2. 02
    Data errors reduced by 95%
  3. 03
    Regulatory reports prepared within a few hours
  4. 04
    System fully ready for scaling
  5. 05
    Complete transparency and full control over manager performance

04 / technology

A stack that
solves the challenge

Node.js + Express.jsNode.js + Express.js
PostgreSQLPostgreSQL
ReactReact
APIAPI
Your project / next

Want to build a system that is reliable, scalable, and fully compliant with regulations?

We will review the context and propose a first stage with clear timing, budget and outcome.

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