Case Study: Prosper (FinTech peer-to-peer lender) achieves seamless retail loan portfolio conversion and scalable loan servicing with Shaw Systems' SPECTRUM RETAIL

Prosper, a FinTech company, implements SPECTRUM RETAIL

Prosper, a San Francisco–based FinTech and America’s first peer-to-peer lending marketplace with more than 2 million members and over $1 billion in funded loans, needed to scale and modernize its retail loan servicing to enable flexible product and fee definitions, richer reporting, and faster time-to-market for new products. To meet those goals, Prosper selected Shaw Systems’ SPECTRUM RETAIL (RETAIL) loan servicing software.

Shaw Systems implemented the solution through an on-site project team—Prosper staff supported by two Shaw consultants—and executed a flawless conversion of Prosper’s entire retail loan portfolio; balancing and validation proceeded on schedule and all data converted correctly. The Shaw Systems deployment delivered the requested flexibility and advanced capabilities, creating a scalable, feature-rich platform that streamlined operations and accelerated product launch timelines while supporting Prosper’s large-scale marketplace.

Prosper

Courtney Moses

VP product manager