Seconds matter in digital lending🏎
Speed is the key to great experiences
Do you know what’s the shutter speed of a digital camera to click a picture📷 ? Cool, if you don’t know, let me ask you something you may be familiar with. How long does a Google search page take to load? Here you go💡: It takes about 2-3 seconds⏱. This is the definition of a great experience
Now let’s talk about Apollo APIs. We are firing up our APIs and making them better. Much better. It’s like SpaceX improving their Falcon 9 engine🚀
We have many APIs which are powering the journey for our borrowers whenever they interact with our partner’s digital lending apps🏦. Offering a swift experience during the whole lending journey is the key to creating a great user experience🌞
Lets talk numbers
Our Loan Creation and Sanction Letter API have been optimized to be fast. Blazing fast!
Previously the Loan Creation API took 700 milli-seconds to hit and process a request. Now, this takes less than 250 milliseconds. This is almost a 3X improvement! To be precise, it is equal to the blink of an eye😉
Now let’s talk about the sanction letter generation API. This used to take 2 seconds. Now it takes only 500 milliseconds. This is a 4X improvement!
With these 2 improvements in place, an average loan gets sanctioned within 1 second at Apollo⚡️
The need for speed is real and a key metric for higher conversations when a borrower is applying for a digital loan!
How did we do it?
We got no superpower!🎈 There ain’t no Batman or Robin here!
But what we got is a team who is always trying to improve existing services to offer better experiences😎
They reviewed the code, removed duplicates, wrote new code, and optimized, optimized, and optimized!
Sometimes improvements are better than creating a new feature🤘
Like the OG Steve Jobs said, sometimes we have to look back to move forward and build great experiences
As always, there are more improvements coming.
Until then why don’t you wonder how fast your eyes are blinking and our APIs are working?🤞
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