ELCA developed a mobile mortgage platform together with PostFinance
PostFinance launched the «Valuu» app in January 2019. ELCA, PostFinance’s implementation partner, developed the Valuu software solution and the associated platform. The app is Switzerland's first fully digital mortgage brokerage platform. This is a quick, easy and transparent way for users to compare mortgage offers from various providers and take out a best price mortgage online.
Together with PostFinance ELCA developed the Valuu app and its agile platform over a period of just ten months. ELCA was involved in programming, integrating cloud services, seamless realisation of the customer journey for mortgage customers and lenders, and all security aspects.
Valuu is an easy-to-use mortgage brokerage platform where lenders and borrowers can compare and conclude mortgages. It is the first platform that enables users to take out and cancel mortgages fully independently online. It creates transparency for users regarding the mortgage conditions of various banks, insurance companies and pension funds, thus enabling them to choose the best mortgage in just a few minutes. Valuu supports simple, rapid decision-making for mortgages from the sofa and has been consistently designed according to the «digital first» principle.
Originally designed as a prototype with core functions (minimum viable product) to test user experience, Valuu was developed into a market-ready solution in the first development cycle. In this project, ELCA demonstrated its ability to respond flexibly to changing requirements by making the necessary resources available. Together with PostFinance ELCA took an agile approach to the development of Valuu, enabling PostFinance to continually extend the scope of the app. At first, three ELCA developers worked on the project. During the most labour-intensive phase, ELCA mobilised around 30 in-house developers, IT architects, business analysts and UX experts for PostFinance.“
«We want to become a digital powerhouse. To this end, we rely on the competent support of efficient partners such as ELCA, who share our high ambitions and are willing to implement them together with us in a short period of time».
Valuu seamlessly integrates cloud services, protects users’ personal data during automated processing, and uses an up-to-date login that provides security from data abuse. As the implementation partner for the platform, ELCA integrated both proprietary components and existing solutions. These include the login, the calculation logic for interest and mortgage tranches, and automated scanning of data from identity documents. ELCA also operates the complete productive infrastructure for Valuu.
Thomas Jakob, programme manager Valuu at PostFinance, is full of praise for the collaboration with ELCA: «We adjusted the process and goals on the basis of the initial project findings. We would not have managed to develop Valuu without a reliable partner that was able to respond so fast and flexibly to our altered requirements. Developing a complex product to market readiness in record time and in such an agile way was a very enriching experience». ELCA CEO Cédric Moret stressed: «One of our strengths is that we can allocate resources flexibly to customers. That allows very agile realisation of complex projects». Valuu enables PostFinance to position itself as a competent provider of digital offerings in a broad market. Therefore, the successful collaboration with ELCA was of strategic importance for PostFinance. Beat Jaccottet, Head of Business Development and a member of the Executive Board of PostFinance, praised ELCA’s role in the launch of Valuu: «We want to become a digital powerhouse. To this end, we rely on the competent support of efficient partners such as ELCA, who share our high ambitions and are willing to implement them together with us in a short period of time».
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