Online Financial Services

Lost Wax is at the heart of the revolution in innovative online financial services. We have worked with many of the leading brands since the earliest Internet-based systems were launched. We have established a reputation for delivering groundbreaking software to a standard expected for business-critical financial systems.

Lost Wax has in depth expertise in online lending including mortgage processing, unsecured lending, and credit card products. We understand the advantages and pitfalls of online financial product applications. Our software engineers have integrated expert credit scoring and underwriting technologies, and third party credit checking services into a range of financial applications.

We have delivered financial systems that incorporate advice and planning functionality, steering customers through complex and regulated processes. This has included dynamic modelling of consolidated pensions, as well as more generic and lifestyle based advisory systems.

Examples of our recent financial services projects include:

• Major UK online financial services company - we supplied programme managers and software engineers for the launch of this groundbreaking UK internet-based financial services company in 1998. Over the last few years we have maintained a strong relationship - and in the last 18 months delivered both technical consulting and developed a strategic and highly innovative application.
• Leading global finance company - we delivered a sophisticated online lending system to a start-up finance company in 1996 and we continue to extend and enhance their core systems. They are now the UK lending operation for a leading global finance brand.
• Online mortgages - we have worked with a number of online mortgage companies providing mortgage application and packaging systems. This included complex application forms, made easier through dynamic and self-configuring software, and automated credit scoring to reach a decision-in-principle on the first contact.
• Leading UK credit card services company - we support the large scale J2EE application framework for a household name in the UK credit card sector. The online product application system is a vital channel, which we support and enhance while maintaining round-the-clock availability of the online service.
• Innovative e-Invoicing ASP - we developed a complex matching engine for a leading ASP specialising in online financial business processes for large companies. The application is highly parameterised and using sophisticated matching algorithms to support the automatic matching of invoices to purchase orders, with a large number of potential permutations.