FintruX - Making Unsecured Loans Highly Secure

An unsecured loan is a loan that is not protected or secured by any asset. In this case the lender is taking a lot more risk and would likely charge a higher interest rate. The riskier the loan, the more expensive it will be. We make borrowing and lending a no-brainer for both borrowers and investors. FintruX Network is one of the world’s first blockchain based online marketplace and automated administration platform connecting borrowers, lenders, and specialized servicing agents, enabling them to configure and construct each borrower contract real-time.Our technology supports this innovative marketplace and administration model to efficiently connect and process the global supply and demand of capital.Our platform also removes the need for physical infrastructure and brings out convenience and total automation, increasing efficiency, reducing manual processes and improving the overall borrowing and lending experience.

BENEFITS

Benefits to Borrowers

Access to Affordable Credit. Our innovative marketplace model, online delivery, process automation, and credit enhancements enable us to offer borrowers interest rates that are generally lower on average than the rates charged by other unsecured loan P2P lending platforms and traditional banks, not to mention credit cards.

Superior Borrowing Experience. We offer a fast and easy-to-use online application process and provide borrowers with access to live support and online automation throughout the process and for the lifetime of the financing. Our goal is to form longterm relationships with borrowers, facilitating their access to an array of financial products that meet their evolving needs over time.

Branding Opportunity. Lenders can provide ratings and transparent reviews on a blockchain to establish trusted borrowers and agents within the ecosystem. With better ratings, borrowers can save on interest rates on subsequent loans. Moreover, borrowers can take this opportunity to give unfiltered feedback to share their opinion and provide a basis of comparability between different lenders.

Transparency and Fairness. Each customer contract is written as a fully-customized smart contract on a blockchain. It is secure, transparent, immutable, and censorship resilient. Historical data and expected obligations are at borrower’s fingertips.

Lowered Transaction Fee. Consequently, since each smart contract is fully customized and simplified for each borrower contract, it is much easier to understand and without ambiguity. No more "if ... then ... else" statements and unnecessary code. Smaller programs lead to lower c; in fact, this is paid for by FintruX Network.

Super-Fast and Efficient Funding. We leverage online data and intelligent technology to instantly match risk, credit rating and any unique parameters pre-determined by lenders in decision tables to suggest appropriate interest rates. Borrowers can evaluate options and are instantly matched to lenders of their choice without impacting their credit score.

Self-Service. All available options such as refinance, prepayments, etc. can be done online within minutes, on all devices including mobiles.

Benefits to Lenders

Access to Risk-Reduced Investing. Credit enhancements historically only available to securitization funding of large portfolios is now available to lenders on FintruX Network. By applying cascading credit enhancements, FintruX Network seeks to neutralize the lender’s credit risk and, in the case of a default, provide insurance to cover the loss.

Superior Lending Experience. We offer a fully automated application process and provide lenders with access to live support and online tools throughout the process and for the lifetime of the financing. Our goal is to form long-term relationships with lenders, facilitating their relatively risk-free offerings to their borrowers.

Branding Opportunity. Borrowers can provide ratings and transparent reviews on a blockchain to establish trusted lenders within the ecosystem. With better ratings, lenders can build up their brand and reputation. Moreover, lenders can gain access to qualified feedback and market research data to enhance the service they provide to borrowers.

Access to a Network of Expertise. A network of rated agencies such as fraud, identity, credit scoring and credit decision are readily available.

Attractive Returns. By having access to lower risk of funding and cutting major costs associated with administering the financing, these savings become additional profit margins. Once their decision tables are chosen and configured, this automated money machine can generate revenue while the lenders spend time with their families.

No Upfront Cost to Lenders. No lump-sum license fee, no enhancement fee, no maintenance fee, no support fee for a system; in fact, no upfront cost is necessary. The only fee to a lender is a transactional based fee and servicing cost that can be transferred to the borrowers. Each financing is managed programmatically by the individual and independent smart contract. It is essentially a self-serve engine for the borrowers; saving labor and time servicing the borrower contract.

** More Satisfied Customers. Self-service increases customer satisfaction. It is fast, efficient, transparent and expectation met easily. Saving originator’s time means they have been given an opportunity to make use of the extra time saved to service their borrowers better. More satisfied customers can turn into more business.

Roadmap

2019 Quarter 2

• The initial version will officially be available to select regions.
• Sales and support teams would already have been established.
• The platform is tested to serve the masses.