Case Study: Quid accelerates innovative consumer credit offerings with IBM Cloud for Financial Services

Quid and IBM collaborate to create Qinetic, a SaaS offering that revolutionizes consumer credit

Quid, a financial technology provider, faced the challenge of helping banks and financial services firms launch new consumer credit offerings quickly without disrupting existing operations. Working with IBM, Quid used its Qinetic platform to deliver a SaaS solution that could support rapid deployment, strong integration with existing systems, and the security and compliance needed in regulated lending environments.

IBM Cloud for Financial Services hosted the Qinetic solution, while Quid managed application infrastructure, DevOps, monitoring, and support end to end. Prexta adopted the platform in just six months and went live immediately, adding new digital services and a Personal Loan component with minimal impact on current systems; the broader Qinetic deployments cited in the case study also show 20 MLD in managed credit growth and 1.6 million new customers since launch.

Quid

Stefano Bertoli

Chief Executive Officer