Peer To Peer Lending Platform
A startup wanted to build a scalable, peer to peer lending platform competing with banks offering quick personal loans at competitive rates & high processing speed. They also wanted to achieve RBI certified NBFC-P2P status, get audited by agencies like Equifax and ensure high security in digitization of the loan processing system.
Borrowers, Lenders, Platform administrators (makers & checkers), Runners (paper document collectors)
Video-kyc, Identity check (over 100 social signals), Credit scoring algorithm, Risk profiling for lenders, Auto-invest algorithm for lenders not wanting to manually choose borrowers, Auto-invest returns, EMI calculation programs, Cron jobs to ensure timely EMI collections (and zero defaults), Passbook
Scalable, secure web application to attract beta users, MEAN stack, High-scale architecture, Modular architecture, Security compliances, Performance optimization