Case Study

Wysetek Enhances Loan Origination for Leading NBFC with MongoDB Enterprise Advanced

MongoDB EA implementation improved scalability, security, and processing speed for the NBFC’s loan origination system, enabling compliance and operational excellence.

Wysetek partnered with a leading NBFC to upgrade its Loan Origination System (LOS) by migrating from MongoDB Community Edition to MongoDB Enterprise Advanced (EA). The goal was to enhance security, reliability, and performance for a platform serving over 20 million users annually. 

Challenge

The existing MongoDB setup lacked essential enterprise controls and posed frequent failures, impacting customer experience and development productivity. Security and compliance concerns raised by internal audits further intensified the need for a robust, enterprise-grade solution. 

Wyse Solution

Wysetek recommended MongoDB Enterprise Advanced, which offered critical features like authentication, authorization, encryption at rest, and auditing. The solution also enabled smoother scaling, better query optimization, and reduced application failure rates—streamlining all ten stages of the loan origination process from pre-qualification to disbursal. 

Impact

The migration resulted in faster loan processing (2x improvement), decreased failure rates (<5%), and complete alignment with regulatory compliance. With improved developer efficiency and enhanced data security, the company is now exploring more use cases to expand MongoDB’s footprint. 

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