Case Study: SoFi accelerates student loan refinancing and improves underwriting efficiency with Provenir

SoFi Revolutionizes DevOps for Next-Gen Student Loan Refinancing Platform

SoFi, a leading digital personal finance company, needed to rapidly launch a next-generation student loan refinancing platform amid post-Covid uncertainty and changing U.S. policy, while ensuring customers were fully informed about their loan options and meeting an August 1 rollout deadline. To support this effort, SoFi turned to Provenir and its Decisioning platform to modernize DevOps with low-code/no-code, agile processes.

Using Provenir, SoFi completed the project in under 10 weeks with 44% fewer development resources and more than 57% lower development cost. The platform helped improve underwriting speed by over 25%, automate testing so the team could run 90% fewer test scenarios, and maintain zero defects while improving compliance and governance across all 50 states.

SoFi

Adam Colclasure

Senior Director, Risk Infrastructure