Developing a scalable payroll-integrated lending solution

A user-friendly web application allowing borrowers to apply for loans, track progress, and make repayments via direct payroll deductions. Designed for speed, it ensures loan approvals within 2 hours.

Employers can onboard staff quickly, manage payroll integration, and track repayment statuses, while borrowers gain full transparency over their loan management.

A role-based control panel for Salarly’s internal teams to oversee loan processing, monitor fraud risks, and manage automated compliance reporting - ensuring scalability and security.

Utilizing real-time payroll data, credit checks, and fraud detection algorithms, this engine streamlines risk evaluation, enabling fast, responsible lending without increasing default rates.

The system seamlessly connects with external payroll systems to ensure automatic loan repayment deductions. This eliminates missed payments, reduces default risks, and provides lenders with a reliable repayment structure. Unlike traditional bank loans, payroll-linked deductions offer borrowers a hassle-free repayment process while promoting financial discipline.

The platform automates loan approvals by using employment verification, payroll data analysis, and external credit checks to assess an applicant’s eligibility and risk profile. Employment verification confirms job status, income, and tenure directly from payroll data, ensuring accuracy and reducing fraud. This eliminates manual underwriting, speeds up approvals, and promotes responsible lending. Advanced algorithms evaluate financial factors to offer borrowers the most suitable loan terms.

The platform is designed to meet strict regulatory and industry security standards with SOC 2 compliance in mind. All data is encrypted, access is secured through multi-factor authentication, and continuous monitoring addresses potential vulnerabilities. This ensures the safe handling of sensitive payroll and financial data.

A comprehensive, role-based admin dashboard provides varying levels of access for Salarly’s internal team, employer administrators, and financial analysts. Loan approvals, repayment tracking, and compliance monitoring are centralized in one intuitive interface. Administrators can manage employer accounts and generate detailed financial reports.

The system supports seamless integrations with external services through webhooks and API endpoints. This enables efficient data exchange with payroll providers, banks, and regulatory agencies, ensuring smooth workflows and accurate reporting.

To ensure borrower authenticity and prevent fraud, the platform includes identity verification protocols for both individuals (KYC) and businesses (KYB). It detects synthetic identity fraud, income misrepresentation, and other anomalies using advanced machine learning algorithms that monitor repayment behaviors. Continuous checks ensure only eligible borrowers gain access to loans.

From registration to fund disbursement, the entire process takes no more than 15 minutes. Once approved, the system initiates an ACH transfer to the user’s bank account, providing fast access to funds without the high fees charged by payday lenders.