FintruX is the world's first blockchain-based online marketplace and automated administration platform for Financing linking borrowers and investors, allowing them to configure and automatically build their respective contractual real-time borrowers.
Traditional automation is one system for all loans / mortgages / leases ("Financing"), this distributed P2P financing platform is one of the programs ("Smart Contracts") for each Financing and is generated and used in real-time in blockchain technology through interface configuration.
FintruX is creating market and auto administration platform for loan / mortgage / lease
("Financing"). Our goal is to disrupt the way Financing comes from and is managed. This paper provides an overview of our approach.
Traditionally this system is owned by investors and the terms specified by the investor. Centralized data, changes, and downtime are sometimes inevitable. At FintruX, decentralized, immutable, and uptime secure data is virtually guaranteed. The borrower proposes standard requirements that can be selected from the list and the investor makes an offer in confidence. Our platform is publicly available with full disclosure. The goal is not only to bring borrowers and investors together to make an offer ("Contract"), but also to generate a Contractor borrower with total transparency so that parties can transact in confidence, with fully automated administration.
website link : http://www.fintrux.com
website link : http://www.fintrux.com
• Borrowers get funded within hours
• Installments are paid in minutes
• Activity report in seconds
Most Financing is derived through third parties such as brokers and other intermediaries. This adds cost, time and complexity to the process. In addition, this administrative process is usually labor intensive. Most Financing contracts are difficult to understand and special instructions such as trading, purchasing, financing, prepayment, end-of-term processing, etc. mostly done manually on spreadsheets.
Most systems used by investors are not entirely automated, data can be changed, censored, and subject to the patriot country uu domicile.
The Financing Industry has yet to adopt or utilize new technologies to meet the demand for new products and raise concerns about data privacy, increasing competition and changes in consumer behavior is moving them in this direction.
Financing processes that manage risks, premiums and claims usually involve significant exchange of data between multiple parties. Currently, various parties will keep their own copies of the data, and process them individually. This makes it difficult to sync and collaborate through process sharing.
Online financing portals trying to bypass the intermediaries have failed to address the above issues.
* Access to Affordable Credit.
* All Loans.
* Transparency and Justice.
* Reduce Transaction Fees.
* Fast and Efficient Funding.
* withdraw the contract.
*Self-service.
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* Access to innovative asset classes created by the borrower.
* All Loans.
* Interesting returns.
* No Upfront Fees for Investors.
* No Payment of Fees for Investors.
* Customers more satisfied.
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FintruX market for industry players Financing and core benefits for our users will be
ability to search and match various needs as a borrower or investor.
● Small business (SME) borrowers. Get a loan or lease to finance the organization's needs.
● Personal borrower. Get a loan or lease to finance the need for personal use.
● Private investors. Lend to individuals or SMEs to take advantage of direct investment.
● Institutional investors. Lending to individuals or SMEs based on a portfolio of interests and risk profiles.
● Brokers provide tailormade advisory and other services.
In order to do certain things like the Financing request list, the Know-Your-Customer KYC process will be in place.
The FTX Token is used to power FintruX platforms and works as a means to reward or gain rewards for participating in the market. Each activity on the platform has the associated costs specified in FTX. As with activities performed on the platform, FTX is moved from one participant to another. As a result of the implementation of this activity, the platform will be valued cost.
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