System And Method For Provisioning Financial Transaction Between A Lender And A Borrower

  • Published: Jan 26, 2017
  • Earliest Priority: Jul 22 2015
  • Family: 2
  • Cited Works: 0
  • Cited by: 3
  • Cites: 9
  • Additional Info: Full text
Abstract

The present disclosure relates to system(s) and method(s) for connecting entrepreneurs/borrowers with lenders. The system also maintains a mobile platform to enable the borrowers to generate a borrower profile by providing critical information associated with themselves and/or their enterprise. Further, a web platform may be used by the lenders to browse through different borrower profiles created by borrowers and select a profile to prospect lending opportunities suitable to their needs. Further, the system also provides the moneylenders with an analysis tool to assess and manage the credit risk, sign online loan contracts, and monitor its performance. Once a loan has been agreed, the system provides with the means for the lenders to disburse and for the borrowers multiple options to receive and repay money respectively including the option to employ virtual or cryptocurrency.


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Document History
  • Publication: Jan 26, 2017
  • Application: Jul 22, 2015
    US US 201514806101 A
  • Priority: Jul 22, 2015
    US US 201514806101 A

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