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Spectrum

Spectrum is a decentralised sharing network built on the foundation of blockchain distributed ledger technology. As part of their automated credit underwriting flow, it is a secured infrastructure for lenders to easily share respective customer lending activities as a safe data enrichment process

It is a fully managed service that provides a transparent, immutable, and cryptographically verifiable transaction log that can be used to track history and changes to the shared data in real-time.

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Spectrum (Distributed Ledger Network)

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Problem statement:

Traditional & alternative lending has been constantly threatened by constant losses or bad debt, stifling the potential growth in the market due to the following, but not limited to:

  • Loan Stacking
  • Lending Information asymmetry (most lending data are in silos)
  • Inaccuracy or Inconsistent data from Credit Bureau
  • Expensive Business & technical model for consuming and contributing lending data to the credit business

Benefit of Spectrum

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Real-Time fraud detection

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Detect good credit behaviour of borrowers

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Reduce over indebtedness

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Automated reporting to the Credit Bureaus

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Discounted pricing on usage

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Rebate on total annual spend

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Joint ownership between all stakeholders e.g NIBSS

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