Mid-Size Financial Services Company
OVESTO’s Interim CIO architected and led the development of new lending technology for a mid-size specialty finance company, generating a 176% productivity gain and $34M in net new sales.
Customer Testimonial – Founder
“Access to a trustworthy lender can make or break our customer’s harvest. That’s why our agriculture loans aren’t based on equity. Ovesto helped us create a cutting-edge cloud-based lending technology to automate the creation of the best loan for each farmer.”
Problem
The farming industry is undergoing tremendous constraints brought on by tariffs and other challenges. The specialty finance company had an existing loan platform that was unable to handle the scale and scope of the company’s growth and customer needs.
Solution
OVESTO’s fractional CIO created the architecture design of the new agriculture loan origination platform, developed the vision, products, and led the product offshore development. The consultant worked with the customer to calibrate the new platform for sustainability and growth.
Result
The new program generated 176% productivity gain in the creation of loans. It saved $5.5M from inefficiency in the loan process and created incremental net sales of $34M while the overall farming market decreased.
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