Global fintech and funding innovation ecosystem

VF2018 Silver Partner: FINTRUX NETWORK

FintruX Network | Conrad Lin | November 7, 2018

FintruX logo800 - VF2018 Silver Partner:  FINTRUX NETWORKMaking Unsecured Loans Easy, Fast, and Highly Secure

FintruX Network is the true P2P lending ecosystem built on the blockchain, powered by credit enhancements and no-code generation. The platform makes it easy for borrowers to connect with reputable lenders and servicing agencies, save money with competitive interest rates, and get an affordable loan within minutes in a fair and transparent process without physical collateral. FintruX Network aims to disrupt the way unsecured loans are being originated and administered, 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 are going to change that.

While pursuing traditional financing, small businesses do not have access to loans when they most need it. Banks prefer to lend cash on cash, and the loan amounts requested are usually too small for financial institutions to do efficiently. If a loan is procured from alternative financing sources, the interest rate is generally too high. Finance companies only utilize a few data sets to evaluate SME borrower worthiness resulting in poor representation of credit, and traditional p2p lenders offer high interest rates due to private equity backing. Additionally, capital that could have been invested in small business credit has been largely locked out of the market. Individual investors generally lack the size and access to directly invest in small business credit, and while institutional investors have had some access to this market, they lack the tools to customize portfolios to their specific risk tolerance.

See:  The lending revolution: How digital credit is changing banks from the inside

FintruX Network is comprised by a dynamic team of skilled professionals in strategy, commercial lending, operations, marketing, sales, and technology. Our technology is supported by Robocoder Corporation, which has over 20 years of enterprise software development experience. The technology team has been servicing the securitization industry in Canada since 1999, and is currently managing billions of dollars of assets for reputable banks and insurance companies. Our team is complimented with advisors and directors ranging from esteemed individuals who have held prominent positions such as managing director of Dun and Bradstreet Asia, and director of TNG Asia, chairman of the ELFA in USA, to leaders at various fortune 500 companies in the telecom, banking, and technology sectors.

We leverage our extensive expertise and technology to create an ecosystem of lenders, borrowers, and service agencies operating in a true peer-to-peer marketplace to reduce the friction of small business (SME) lending. Our platform makes unsecured financing easy, fast, and highly secure with credit enhancements, no-code generation, and an open ecosystem.

NCFA Jan 2018 resize - VF2018 Silver Partner:  FINTRUX NETWORK The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit:

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VoPay | Release | May 29, 2024 VoPay announces TXB, an API-first solution to enhance transaction banking and cash management for banks and credit unions Canadian fintech, VoPay, just announced the release of its Transaction Banking (TXB) solution, which aims at assisting banks and credit unions to implement API-first transaction banking and cash management systems.  The TXB solution offers an API-first architecture, which makes it seamless to integrate with existing systems. With this approach, banks and credit unions can take advantage of automated transaction workflows, which will result in enhanced operational efficiency​. Highlights TXB enables North American financial institutions to launch a range of API-first solutions that address virtual accounts, multi-layer ledger management, multi-currency cash management, process automation across various payment rails, and real-time visibility and centralization of cash. White-label global payments to send, receive, and manage accounts and payments anywhere in the world, building modern, automated, and API-led experiences with dynamic payment tracking.  Receive end-to-end visibility across the chain, from initiation through to beneficiary credit, and information about the movement of the payments, charges, and even the timing of credit. See:  Canadian Fintech VoPay and Mastercard Partner to Move Money Smart routing optimization for cost-effective and rapid delivery with ...
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