Lending Technology Research Paper

From the data discovered based on the increase of technology, it provided an understanding of the traditional process of being granted or providing loans and mortgages. Banks traditionally grant loans to individuals or businesses that meet specific credit requirements and would receive periodic payments. This process continues until the loan is fully paid off. Due to the increase in technology, banks were able to lower their costs for transactions by securitizing loans electronically. This innovation allowed them to bundle up all small loans into a standard debt security, which then could be bought and sold in the financial market. This led to a structured credit product offering that generated large cash flows from a collection of underlying assets with certain risk management. Investors had the opportunity to pick and choose what they wanted to purchase depending on their likes and

From the data discovered based on increase of technology, it provided an understanding of the traditional process of being granted or providing loans and mortgages. Banks traditionally grant loans to individuals or businesses that meet specific credit requirements and would receive periodic payments. This process continues until the loan is fully paid off. Due to the increase in technology, banks were able to lower their costs for transactions by securitizing loans electronically. This innovation allowed them to bundle up all small loans into a standard debt security, which then could be bought and sold in the financial market. This led to a structured credit product offering that generated large cash flows from a collection of underlying assets with certain risk management. Investors had the opportunity to pick and choose what they wanted to purchase depending on their likes and risk-taking

Bitcoin \footnote{Through out this thesis, Bitcoin (upper case) refers to the Bitcoin system while bitcoin (lower case) refers to the currency coin.} is a decentralized peer to peer electronic payment system based on cryptography or more accurately, a crypto-currency. The Bitcoin economy has grown at an incredibly fast rate with a current estimated market capitalization of about 3.5 billion US dollars since its introduction in 2009 \citep{bitcoinwatch}. While Bitcoin is still in its infancy and more of an experimental than an accepted currency, the trends suggest it has the potential to shape the future of electronic payments.

Currency acts as a store of value, a medium of exchange and a unit of account. Physical currencies are promissory notes payable to the bearer on demand. Digital currencies are internet-based form of currency. They represent both developments in payment systems and a new type of currency. Digital currencies, in hypothesis, serve as money, at present day they act as money to a small amount of individuals and institutions. It has been often questioned as whether the decentralised digital currency, such as Bitcoin and Litecoin, will emerge as the preferred method of payment for Internet Services or will remain a superficial payment method compared to well established existing payment systems.

Advancements in technology coupled with new legislation have brought upon a game changer in the financial industry known as peer-to-peer to lending. Originally established as a way to help boost the economy in developing countries, peer-to-peer lending is expanding its capabilities into first world countries through online platforms. This new industry is experiencing tremendous growth, with pwc estimating that it could be a $150 billion business by 2025 (Karabell). The Lending Club and Prosper are two of the biggest online platforms that currently offer peer-to-peer loans. Inspired by the 2008 financial crisis, both the Lending Club and Prosper saw the Todd Dockley Act of 2010 as an

RAD Lending platform is based on a concept of peer-to-peer (p2p) lending with credit products secured by borrower’s crypto assets.

Many point out that P2P lending can pose a significant threat to traditional financial and banking institutions because of the benefits that it presents. These include: comparably low interest margins due to their low managerial costs and because the platforms do not themselves assume any risk vulnerability; the potential to make loans to customers who may have been rejected for loans by established banks; and

While most people aren 't against the idea of the earning some extra cash by lending someone something they already own, they don 't want the hassle of taking care of all the little details or damage to their property and that’s where companies like us step in! In our case, our online platform enables users to

Lending-based crowdfunding is a nascent fintech market where individual investor and borrower meet each other to make transitions. [Feature] This market is attracting an increasing amount of attention from researchers in recent years. Some researchers examine the determinants of probability of successfully funding, the interest rate and loan performance, others care about the various characteristics of borrowers, the decision making behavior of investors. There are also studies on the design of platforms. However, one aspect which still receive inadequate attention is the username mechanism. Interesting topics include: What is the association of username with lending transaction? What is the role of username in investment decisions?

Furthermore, by sincerely referring to the studies of other scholars, we expect to dig deep on the existing issues of P2P online lending industry, and obtain a more comprehensive understanding of the global P2P online lending behavior.

With over 41 million Bitcoin accounts being made and used worldwide and over one million dollars being transacted each day, it is surprising that people still believe that Bitcoin won’t amount to anything. Bitcoin is a type of Cryptocurrency. Cryptocurrencies are, as the name suggests, modern, completely digital systems of money that promise to be easier, safer, and overall “better” than other existing international currencies such as the USD and the Euro. Bitcoin is the oldest, largest, most popular, and highest valued Cryptocurrency. As with any successful ideas, there have been many spin-offs of Bitcoin, colloquially categorized as Altcoins, examples including (in order of popularity by market cap) Ripple, Litecoin, BitShares, and Darkcoin, but none of them have gained nearly as many advocates – and just as many critics – as Bitcoin. From this point on, Bitcoin can be assumed synonymous with nearly all Cryptocurrencies as the majority operates nearly identical to Bitcoins. Bitcoins are, at their core, simply a peer-to-peer money transfer system. There are no third-party systems used, money simply transfers from one account, known as a “wallet” with Cryptocurrencies, to another by specifying the Bitcoin Address, or 34 character account number you wish to send any number of Bitcoins to. The beauty of this system is that the Bitcoin Address is something you can post publicly; people can only use that number to send money to you. There is a separate Private Key that you use

In the world of currency and forex, the core credentials of what makes up the market seldom changes. However, in 2008 a brand new currency arrived in the form of bitcoin, with this cryptocurrency certainly working to upset the apple cart. Widely considered to be the most volatile currency in the world, during 2015 over 100,000 bitcoin based transactions took place, which shows that usage levels of the cryptocurrency is growing. Considering how the commodity is maturing, many sectors (including retail and gambling) are now warming up to the idea of adopting bitcoin. Looking back through time it is clear that this cryptocurrency has been on quite the journey, with the following taking an in-depth look at the rich history of bitcoin.

Bitcoin is a decentralized digital currency. More specifically it is a cryptocurrency, where the regulation of the generation of currency units and transfer verification are achieved using encryption techniques. It has no specific affiliation to a particular nation or government and has been described as “cash for the internet.” Bitcoin was created in 2009, and while its exact origin remains unknown, it is believed to have been developed by an unidentified individual or group of individuals operating under the alias of Satoshi Nakamoto. In fact, the relevancy of bitcoin’s

Reports pointed to the MAS’ efforts to create a digital Singaporean dollar on a blockchain as one potential initiative that could come into play with this collaboration with the Philippines. The two central banks will also explore streamlined Know Your Customers (KYC) solutions that use blockchain.

Many countries in the world have a concerning percentage of poverty in which both food and financial sources are disturbingly limited. Most of the world’s poor have suffered from the deficits of using financial services. Because of a bad credit history or a lack of proof of employment, financial services are most often not accessible for the low income client market. In the western and developing countries, people are being eliminated by the traditional financial system based on the deficiency of guarantees of unaffordable costs to process the loan application, and the lack of data related to their credit history. These factors sometimes lead to borrowing illegally, and neglecting the regulation of lending.