Our step-by-step process to create your ideal lending platform.

Madiston’s simple process helps you buy the digital lending software that is right for your firm. From pre-sales to beyond go-live, we’ve done the planning, building and testing - all that’s left is to choose the functions you need.

1

CONTACT US

You spot the Madiston platform and contact us for more info.

We’ll respond and, if helpful, share a summary of a “standard” implementation and pricing, together with some key points on our product, the regulatory environment and Online Direct Lending generally.

2

DEMO

You have the resources you need, you like what you see and so you request a demo.

At a mutually convenient time, we'll "meet" in our online conference room where we can share our screen with you and your team wherever you are in the world. We can step you through the core functionality and answer any questions you have.

3

REGULATORY CONSIDERATIONS

Inevitably one of the areas you are considering at this stage is your regulatory environment.

We can help you because Madiston has been through the UK Financial Conduct Authority approval process achieving full permission “to operate an electronic system in relation to lending” as well as working with customers in other parts of the world. We have experience of the application process and being regulated. We also have the technology platform with the processes, dual approvals, client money reconciliations and audit trails to satisfy the regulations.

4

TAILORING THE SPECIFICATION

You see that our technology platform can do pretty much all you need and can even save you money because functions like CMS, CRM and DBMS are all included in our platform using open source technologies. But what about those particular areas unique to you? And what about price?

We share with you a couple of quick questionnaires to determine what else you need, what systems need to be interfaced (ID verification, credit referencing, banking etc), what you'd like your team to do and what you'd like us to do. We then agree a phased plan with a price broken down into licence, support and implementation services.

5

SIGNED AND DELIVERED

You give us the go ahead, contracts are signed, what happens now?

Within a matter of hours/days from contract signing, we will install the latest version of our software on our development servers for you so you can immediately start to explore the system and gain familiarity with all of the functionality we deliver.

6

SPECIFICATION SIGN OFF

You sign off the spec for implementation (configuration and product settings) and any customisations of the system as required.

Our software has been designed to meet the requirements of most digital lending models in the global market so it is unlikely that you will need major modifications for phase one delivery but there may be some customisation.

7

TESTING

This is the point where focused attention on testing will be needed to meet planned live dates. Your team and ours work together to achieve this.

We are known for our speedy response to requests. In some cases, requests for changes can be made overnight as we have support offices in two time zones: the UK and India.

8

PREPARE FOR LAUNCH

You're good to go, the system is approved and countdown to go live begins.

We'll continue to work closely with you throughout the crucial go-live stage. We will deliver documentation to help you find your way around the new system. We will train your staff as agreed in the implementation plan and operations. If required, we will use our migration tools to port your existing data into the new system.

9

ADDITIONS

You're live, perhaps in as little as 90 days since Step 6, but now you want to add new third-party services or roll out the next product offering as part of your business plan.

We can help you add further products/services to your initial system, perhaps business lending, personal loans or property/secured loans. The functionality can be switched on and customised for you as before. Adding new products as you grow your business.

10

INTERNATIONAL

You trigger your plan to expand into new territories. You need to deploy the system in two languages and multiple currencies.

Ours is a truly global product with multi-lingual, multi-currency and multiple functions built into the software. We review the customisation for your local banking, payment and regulatory environment and implement your expansion plan.

!

And at any point...

If you discover that minor upgrades are needed for new regulation or industry-wide changes, no problem.

Minor regulatory changes are implemented in the software as part of your support contract. Any major regulatory changes will be completed at shared cost which is another good reason to “buy” not “build”.

Madiston believes in long term relationship building so we can help your business grow. The first step is to contact us for more information.