A Sold-out Portfolio with Long-term Potential
When the new product launched, AFPMBAI had initially set aside 156 million Philippine pesos—around 5 million US dollars—expecting to offer the loan for a month. However, with the combination of favorable terms and a user-friendly platform for applications, the entire portfolio sold out in just two weeks.
The flexibility and speed of OutSystems development was put to the test on the day AFPMBAI’s new loan product went live. “We saw loan applications coming in from members whose data had not been transferred to the new system,” explains Antonio. “We needed a quick fix, to ensure these loan requests could be processed.”
With OutSystems, the team was able to rapidly build a temporary integration with the old system, and get the missing data copied across. “Solving this integration challenge was crucial,” says Antonio. “We put together a workaround in a couple of hours. It was all down to quick thinking and the flexibility that OutSystems provides us.”
Antonio and the team at AFPMBAI have the ideal foundation to continue delivering vital financial support to uniformed service members throughout the Philippines. With OutSystems, they can bring new digital products to market fast, and they have the agility to adapt those systems faster still.