Facing new government regulations, F1npulsa needed to modernize its credit management processes. With over 10 years of strategic partnership, Xolvex led the design and implementation of a scalable solution that incorporated automated identity validation, regulatory integrations, and QR code payments, transforming their position in the financial market.
With Xolvex’s strategic leadership, F1npulsa implemented a comprehensive solution that complied with new government regulations through automated identity validation and SIAC system integration, modernizing online credit applications. Furthermore, the partnership facilitated collaboration with IBASTO, offering a solution that allows credit payments via QR codes, with automatic receipt generation for all involved parties. This guidance improved internal processes, strengthened strategic alliances, and expanded F1npulsa’s reach in the market.
F1npulsa faced a significant challenge due to a new government regulation stipulating that all financial companies offering loans must have an online system to manage credit applications. This requirement drove the need to create a system for the F1npulsa Nómina
process, which had to include:
— Identity validation: Using facial verification and personal identification technology to ensure the credit applicant is who they claim to be, complying with regulatory requirements.
— Legal compliance: Integration with the SIAC system to maintain a detailed record of granted loans and accumulated debts for each client.
Furthermore, the project presented an additional challenge related to a strategic alliance with IBASTO, a company dedicated to distributing supplies for small stores, which required a solution to offer credit to store owners through:
— A credit payment system with QR code scanning, simple and reliable for merchants with limited technological access.
— Automatic generation of transaction receipts for all parties: F1npulsa, IBASTO, and the end customer.
For over 10 years, Xolvex has been F1npulsa’s strategic partner, accompanying its transformation and operational digitalization process across multiple stages of its growth.
This relationship of trust allowed Xolvex to take on significant challenges, such as coordinating integrations with external services for identity validation and regulatory compliance, while advising on the application of agile methodologies like SCRUM to structure the process.
Its ability to fill the absence of a technical counterpart from the client with strategic roles of Product Manager and Product Owner, along with its focus on efficient, user-oriented processes, consolidated Xolvex as the ideal partner for this modernization project.
The project brought a series of challenges that demanded a strategic approach and tailored solutions from Xolvex.
— Coordination of integrations with external providers specialized in identity validation, ensuring accuracy and regulatory compliance.
— Establishing a fluid and secure connection with the SIAC system under strict legal regulations applicable to the financial sector.
— Advising on the adoption of agile methodologies (SCRUM) and managing the implementation process with efficiency and visibility for all parties.
— Creation of complete technical documentation as an investment in the long-term sustainability and scalability of the system.
— Management of the tripartite collaboration between IBASTO, F1npulsa, and Xolvex, requiring constant meetings to synchronize processes and business logic.
— Design of interfaces oriented toward simplicity for non-technical merchants who needed to complete transactions with a minimal learning curve.
To resolve the challenges, Xolvex led the design and implementation of a comprehensive solution adapted to the needs of F1npulsa and its alliance with IBASTO:
— F1npulsa Nómina Platform: Automated identity validation through facial verification and personal identification, complying with SIAC requirements. Fast, secure, and regulatorily compliant online credit application system.
— Solution for IBASTO: Store owners scan a QR code, enter the amount to pay by credit, and the system automatically generates transaction receipts for F1npulsa, IBASTO, and the customer. Interface designed to be intuitive and ensure seamless transactions.
— Key integrations: SIAC for compliance with legal regulations and specialized providers for identity validation, ensuring an efficient and reliable credit application process.
With this guidance, F1npulsa quickly adapted to new regulations, strengthened its alliance with IBASTO expanding its reach in the small store market, and optimized its internal processes improving the experience for clients and business partners.
At Xolvex we guided F1npulsa in modernizing its credit operation, ensuring regulatory compliance and greater efficiency in managing its clients and partners. WhatsApp: +52 33 3773 0000
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