WideStreet — Loan Portfolios Marketplace
A portfolio analysis and trading platform for cross-border marketplace dealing in UTP and NPLs.
Highlights
- positioning wideStreet as the first standardized platform in Europe for NPL portfolio trading
- the solution offered to European banks
- The “Whitelabel” model allows banks to use the platform to service their clients individually
- the composition of standardized data, auction management, and investor communication unlocks the previously tedious and time-consuming process
Success Factors
- using discovery and design process, through the course of the project, shaped the final product that meets market demands and industry expectations
- using open source NPL libraries enabled accelerated development of core data model and decreased the overall cost of the solution
complexity components
- complex data import processing
- validation and standardization
- strict regulatory rules and conditions