A Tier One global bank has reduced its business lending decision-making process time by 97.5%, from around 120 days to just three, since adopting Trade Ledger lending-as-a-service (LaaS) business lending software on the Amazon Web Services (AWS) Cloud. In addition, application analysis has decreased from 21 days to slightly over 10 minutes.
We offer a truly global lending platform on AWS that runs smoothly for our Tier One banking customers with zero downtime. That’s a good sign of success for us.”
- Matt Born, Trade Ledger, Co-founder
In 2017, Trade Ledger transitioned from a monolithic architecture to component-based platform architecture with Amazon Elastic Kubernetes Service (Amazon EKS) on Amazon Elastic Compute Cloud (Amazon EC2) instances. It means Trade Ledger can manage the infrastructure with a team of two, which is 10 times less than an on-premise approach would need.
With Amazon EKS, Trade Ledger can spin up services across multiple AWS Availability Zones, allowing the business to serve its global customer base without compromising on speed, latency, and uptime. “With Amazon EKS, we can replicate secure, isolated environments for new clients and have them up and running in a couple of days instead of weeks, with the same services and the same instances,” Born says.
For the full story on the AWS-Trade Ledger partnership, read the AWS case study.
To find out more about Trade Ledger, contact us.