Medallion Bank
Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, and offering loan origination services to fintech partners. Medallion works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States.
INDUSTRY
Financial Services
SERVICE
Lending
CLIENT SINCE
2021
The Challenge
Medallion Bank's legacy system created inefficiencies and integration challenges, while complex business rules made quality code delivery difficult.
Why TrueNorth?
TrueNorth was chosen for its deep understanding of the industry and ability to truly partner with the bank to address complex challenges at speed.
Impact
TrueNorth and Medallion colaborated with the design, planning, and development of a unique borrower dashboard user interface, and a backend middleware layer to orchestrate loan servicing functions efficiently.
Solutions
The middleware layer integrates legacy servicing systems and a new loan management system (LMS). Modern LMS implementation included setting up data pipelines, and data migration with testing.
MVP Launch
- .Net and Azure cloud technology is being applied on the project.
- We are creating 10 different integrations involving Medallion Bank’s systems and third parties (USPS, LexisNexis, LiveVox, IRS, PCI Group, etc.).
“TrueNorth's team went above and beyond to comprehend our business, objectives and operational model, which resulted in a high-quality product that exceeded our expectations.”
CEO, Medallion Bank
Integration Partners
- LoanPro
- LiveVox
- Dealertrack
- LexisNexis
- PCI Group
Services & Technology
- Product Architecture Design
- DevOps
- Manual QA & QA Automation
- Data Engineering
- Front-End Development
- Back-End Development
- Project Management
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