QuickApply-LMS Products

Quick Apply is blockchain based Loan Management System Application for secure digital lending to the masses. This is an innovation in the finance industry to implement blockchain lending build on the peer-to-peer model of blockchain. This DAPP incorporates traditional lending and creates a secure lending system for the masses along with reducing operational risks and speeding up the loan process.

BACKGROUND

The traditional method of lending system lacks in providing transparency of the process to the customer. The system takes months to process any loan application, which increases if there is involvement of any Third-Party Systems. The process requires multiple documentations at various stages and a number of human resources to process and validate it. The system creates difficulty in tracking the outstanding post-closing documents and in collecting financial information for annual reviews. There are often third-party agents working between customer and bank, which leads in lack of trust amongst parties involved and also is not cost effective.

QuickApply-LMS Updates

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