Throughout our life, we constantly use loans in order to assist ourselves with accomplishing major life goals. We seek additional funds to purchase desired goods, cars, real estate, pursue higher education or start our own business.
However, prior to receiving money, each potential borrower undergoes a credit assessment procedure. With the help of the credit assessment, the lender makes a decision - to issue a loan or to reject the application.
All over the world, lenders spend astronomical amounts of money on credit risk management, and each year these amounts grow constantly. The reason for this growth is a constant degradation in the quality of borrowers, increase in market competition, and pressure issued on lenders by regulators.
To survive in such a confined market, lenders are forced to increase their budget on credit risk management. Subsequently, these expenses result in a loss of profit for lenders.
As a result of these emerging issues, we have created a concept of ablockchain-platform which will change the industry of credit risk management. It is based on three main principles: risk-free lending, automatic quality control and transparent ecosystem.
Our team has been working in this industry for more than 15 years, and now we are setting a new standard of quality of credit risk management in 5 countries. We believe that with our skills, experience and knowledge, we will be able to implement this project. We believe that our concept can change the world for the better.