Client Abhiloans.com

Abhiloans.com: A Comprehensive FinTech Platform

Overview

Abhiloans.com is a cutting-edge financial technology platform operating in India that revolutionizes the lending industry by providing quick loans against securities, specifically mutual funds, shares, and bonds, without requiring traditional credit checks. Built on a robust serverless architecture, the platform leverages AWS cloud services to deliver scalable, secure, and efficient financial solutions.

Platform Architecture

Frontend

  • Technology: Angular Single Page Application (SPA)
  • Architecture: Modern, responsive web application providing seamless user experience

Backend

  • Core Technology: Python with AWS Lambda
  • API Management: AWS API Gateway
  • Architecture: Serverless, event-driven application design
  • Scalability: Auto-scaling capabilities through AWS Lambda
  • Security: Operates within AWS VPC in a dedicated, non-shared environment

Infrastructure Components

  • Compute: AWS Lambda functions
  • Networking: AWS VPC with configured Internet Gateways for ingress traffic
  • Monitoring: Built-in AWS Lambda monitoring and logging
  • Deployment: AWS CDK (Cloud Development Kit)
  • Additional Services: SNS, SQS, CloudWatch, EC2, S3, Route53
  • Databases: MySQL, PostgreSQL

Key Integrations

CAMS Integration

The platform integrates with CAMS (Computer Age Management Services Ltd.), a leading Registrar and Transfer Agent (RTA) for mutual funds in India. Key features include:

  • CAMS API integration for securities trading and mortgaging
  • CAMS KRA (Know Your Customer) services integration
  • Licensed partnership enabling full utilization of CAMS services

KFintech Integration

Integration with KFintech MFS Investor, another prominent RTA, provides:

  • API integration for mutual fund mortgaging and liening
  • Enhanced loan processing capabilities based on mutual fund holdings

KYC and Authentication Services

Comprehensive identity verification through multiple channels:

  • Aadhar-based KYC: Secure identity verification
  • PAN Verification: Through CAMS, KFintech, and AuthBridge PAN Card Verification API
  • Digilocker Integration: Digital document verification and storage
  • Proof of Holdings: Via CAMS integration

Technical Implementation

Project Details

  • Client: Chimera-[Abhiloans.com] Knab Finance
  • Role: Senior Software Engineer
  • Primary Focus: Trading Mutual Funds and Shares Platform

Key Responsibilities and Achievements

API Development and Deployment

  • Created RESTful APIs using Python Lambda
  • Successfully deployed 30 Lambda functions and 30 APIs on AWS API Gateway
  • Achieved scalable system architecture with no server load monitoring requirements

Event-Driven Architecture

  • Implemented SNS/SQS messaging for Lambda function triggering
  • Automated PostgreSQL record updates
  • Integrated SMS and email notification systems
  • Created inter-Lambda communication workflows

Monitoring and Debugging

  • Utilized AWS CloudWatch for comprehensive application monitoring
  • Implemented efficient log filtering and error tracing mechanisms
  • Maintained high system reliability and performance

File Processing and Storage

  • Leveraged AWS S3 buckets for transaction CSV file processing
  • Implemented Word document processing for digital customer signatures
  • Ensured secure and efficient document management

Network Infrastructure

  • Built comprehensive AWS network infrastructure using VPC
  • Configured subnets, security groups, and load balancers
  • Established secure internet gateway connections

Documentation and Team Collaboration

  • Maintained comprehensive project documentation
  • Ensured documentation remained current with ongoing developments
  • Played key role in cross-functional team collaboration and mentoring

Platform Benefits

For Users

  • Quick loan processing against securities
  • No traditional credit checks required
  • Secure and reliable platform
  • Comprehensive KYC and verification processes

For Business

  • Scalable serverless architecture
  • Cost-effective cloud-based infrastructure
  • Automated monitoring and logging
  • High availability and performance
  • Regulatory compliance through licensed integrations

Security and Compliance

The platform prioritizes security through:

  • AWS VPC deployment in dedicated environments
  • Comprehensive KYC and authentication processes
  • Licensed partnerships with regulatory authorities
  • Secure API integrations with financial institutions

Conclusion

Abhiloans.com represents a modern approach to financial technology, combining innovative serverless architecture with comprehensive financial services integration. The platform’s ability to provide quick loans against securities while maintaining high security standards and regulatory compliance makes it a significant player in India’s evolving FinTech landscape.