Pinkcityfincap

Portfolio update 2
Introduction
PinkcityFincap is a leading fintech company that aims to provide innovative financial solutions to individuals and businesses. With a strong focus on customer satisfaction, we have successfully tackled numerous challenges to deliver exceptional services to our clients.

Client's Pain Point

Our client, PFL Nidhi, a Public Limited Company, faced several hurdles in their operations. They needed assistance in streamlining their processes related to accepting deposits and lending money to their member-borrowers. Some of the key pain points they encountered were:
Payment Gateway Implementation
The integration of the CC Avenue payment gateway posed challenges, particularly with respect to browser session timeouts during the response phase.
How to calculate daily interest
The accurate calculation of daily interest for same-day account balances proved to be a complex task. Additionally, withdrawals were impacting the account balance, adding to the complications.
Multiple Loans and Accounts Management
Managing various loan and account types, such as Mortgage, MSME, Re-Mortgage, Saving Account, Recurring Account, Fixed Deposit Account, and Withdrawal functionalities, within a single website for a single customer proved to be quite challenging.
Test Cases Creation for Interest Calculation
Developing comprehensive test cases for interest calculation was a significant challenge. The system required daily interest calculations for Saving Accounts and periodic (yearly/monthly/half-yearly) calculations for RD accounts.

Our Solution

At PinkcityFincap, we undertook a strategic approach to address these pain points and provide optimal solutions to PFL Nidhi. Here’s how we resolved their challenges:
CC Avenue Payment Gateway Implementation:
To tackle the issues related to the CC Avenue payment gateway, we collaborated directly with the technical team at Kotak Mahindra bank. Through extensive research and development, we implemented the payment gateway successfully, ensuring smooth transactions for PFL Nidhi and its customers.
Interest Rate Calculator:
We devised an efficient solution for the interest rate calculation problem. By creating a master table for interest slabs and schedulers, we established a logical framework for data insertion in the database. Additionally, we developed a comprehensive calculator that accurately calculated daily interest and accounted for the impact of withdrawals on account balances.
Multiple Loans and Accounts Management:
With meticulous planning and expertise, we created a unified platform within a single website to manage multiple loan and account types for PFL Nidhi’s customers. This streamlined approach facilitated seamless user experience and efficient account management.
Test Cases Creation for Interest Calculation:
Understanding the significance of accurate test cases, we set up a separate database and populated it with bulk entries for past dates. This allowed us to create multiple test cases for interest calculation, ensuring the system’s precision and reliability.
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