Topic: [ANN] [ICO LIVE]◄ ♛ 🔥 Shift your car title into cash. 🔥 ♛ - page 3. (Read 8460 times)
The car mortgage business is now mainstream, and the key is to make sure that the owner of the vehicle actually owns it, and that the car is sometimes repeatedly mortgaged when the borrower is overdue.
Are automated loans safe?
I mean how can a decision as complex as making a loan be automated
Or is there a human involvement at the end of the process?
I mean how can a decision as complex as making a loan be automated
Or is there a human involvement at the end of the process?
i have read about project, so excited. Keep going 
The project fees are not bad. But what is the use of blockchine? what will it give? And where will your offices be? it is hardly possible to carry out the work if there is no office
Since there will be offices from around the globe as for how they plan it the blockchain will be the best technology that they can use for faster and transparent transactions between offices and to its future borrowers.
Since they focus on cars only they will develop a much better expertise than any competing service that focuses on turning any physical asset into a backed loan. That can give them huge advantageous in regards to the value judgments over time.
with new ideas and nothing like this I'm sure will not be difficult this project to quickly develop, because it is very helpful and mutually beneficial of course. we see the results later and hopefully as expected
It's a good question whether there are services that give you a car-backed loan. I guess banks do that maybe? I have never heard about it but it surely doesn't exist on a blockchain.
this project is growing an it very good to see people doing what they can to make a project like this a success
How automation speeds up the loan market
Financial institutions, acting for borrowers as an alternative to banks, take for their services a higher percentage, but promise speed, simplicity and convenience of the procedure. This is largely due to the automation of many business processes of financial institutions at different stages of lending.
Evaluation of the borrower
The main task of a microfinance organization is to quickly make the right decision whether or not to lend to a particular borrower. In fact, this is the main expertise of the company, on which depends the success of the entire business. Already many companies use special computer programs for this task. They are called scoring systems or decision-making systems. The potential borrower is automatically assessed according to a large number of parameters, resulting in an assessment of all risks and ready decision. Such software gathers information about the borrower from a variety of sources such as credit bureaus, payment systems, location services, etc.
Large players develop software on their own, but for many this is done through outsourcing, that is, it is more profitable for a financial organization to buy software from a supplier than to develop it yourself from scratch. Major players in the market (about 90%) are companies FICO and SAS.
The evaluation of the collateral
In the case of secured lending, in addition to assessing the potential borrower, it is necessary to assess the collateral. Today’s financial startups automate this task as well. For example, the platform SHIFT.cash deals with loans secured by car titles. The creators of the project have developed an automated system for evaluating cars by using a special algorithm. Thanks to the built-in big data analysis module (Big Data), the system instantly analyzes all market information of a particular region, on the basis of which it provides an estimate for liquidity and value of the vehicle. The automation of assessment of collateral, as well as a number of other processes, allowed to turn the entire project online. Thanks to the developed algorithm, it became possible to scale to the markets of other countries. At this stage, the program is tested in several European countries, but is going to enter the international arena.
CRM-system
One of the main drivers of credit market development is the creation of companies whose work is fully online. That is, the borrower has the opportunity to fill in an application for a loan online without leaving his/her home, and then automatically when approved to receive borrowed funds to your card.
This was made possible by the introduction powerful CRM-systems by powerful financial companies in which the workflow is carefully thought through. In particular, basic software allows for downloading data from the Bureau of credit histories, sms-informing of borrowers of due and past due payments, etc., creating settings for each loan product, drawing up contracts, etc., many processes are done automatically, so there is no need for an office and a large number of employees.
The interaction of the parties
Another important process in the field of credit, which was also subjected to automation, is the interaction of different market participants with each other.
For example, the first step of the whole process is to attract traffic of potential customers. Often, this function is outsourced by financial institutions to companies specializing in lead generation, that is, collecting loan applications through numerous channels. The result is something like an online storage of loan applications, from where companies already buy these applications and process them.
P2P lending is based entirely on process automation. This type of lending involves the direct interaction of individuals (borrower and lender) through an automated online platform. Through it, the parties agree on the terms of the loan and carry out the transaction, and the site receives a Commission for it. By the way, this niche has already been populated by platforms that work with cryptocurrencies, which means that it is possible to do transactions from one point in the world to any other. Among them is the platform btcjam.com, www.bitbond.com and others.
In addition, there are services that simplify the process in terms of interaction between investors and financial institutions. One of them is the Blackmoon platform. It connects financial institutions with potential investors. Information about verified loan applications from the company is available to Blackmoon. The platform analyzes the profitability when investing in loan portfolios by a variety of parameters and determines whether it fits the investor’s stated conditions. The platform itself takes a percentage of the invested funds and net profit of the investor. The platform works with large investors: ready to invest from $ 500 thousand.
“Automation of business processes is extremely important for financial institutions. Firstly, the speed and convenience of the service, in fact, is the essence of such companies. Secondly, although automation is expensive at the stage of implementation, in the medium term it pays for itself due to savings in the rental of premises, the work of employees, intermediaries and so on,” says Thomas Novak, the Creator of the SHIFT.cash platform.
The project fees are not bad. But what is the use of blockchine? what will it give? And where will your offices be? it is hardly possible to carry out the work if there is no office
Since there will be offices from around the globe as for how they plan it the blockchain will be the best technology that they can use for faster and transparent transactions between offices and to its future borrowers.
Since they focus on cars only they will develop a much better expertise than any competing service that focuses on turning any physical asset into a backed loan. That can give them huge advantageous in regards to the value judgments over time.
with new ideas and nothing like this I'm sure will not be difficult this project to quickly develop, because it is very helpful and mutually beneficial of course. we see the results later and hopefully as expected
The project fees are not bad. But what is the use of blockchine? what will it give? And where will your offices be? it is hardly possible to carry out the work if there is no office
Since there will be offices from around the globe as for how they plan it the blockchain will be the best technology that they can use for faster and transparent transactions between offices and to its future borrowers.
Since they focus on cars only they will develop a much better expertise than any competing service that focuses on turning any physical asset into a backed loan. That can give them huge advantageous in regards to the value judgments over time.
The project fees are not bad. But what is the use of blockchine? what will it give? And where will your offices be? it is hardly possible to carry out the work if there is no office
Since there will be offices from around the globe as for how they plan it the blockchain will be the best technology that they can use for faster and transparent transactions between offices and to its future borrowers.
I did not find the information in which countries it is planned to launch this project first. I just found the information that it will not have borders. Where will the beta be going? Also on all continents?
There's no official information yet on which country will be launched and i think it is not gonna cover all countries because of the restriction of the cryptocurrencies. Lets better wait for the announcement from the admins.Well you have a point. But this project is in ico phase now and the expansions will take some time to happen. It's better to participate in the ico now and get huge profit in the coming months.
indeed, investments in this project have a great chance to give the investor a good profit.
Such an easy way to get fast money will gain good popularity.
the main thing is that the project develops in many countries at once
All those possibilities to turn our physical assets into short-term cash should be considered carefully. A lot of people don't have a good cash management attitude and they might sacrifice long-term wealth for short-term consumption if options allow them to do that.
I see that the project is gaining popularity and I'm glad that now there is an opportunity to see the competition for banks and similar organizations. Nadeus that the developers will cope with the task and implement the project
The project fees are not bad. But what is the use of blockchine? what will it give? And where will your offices be? it is hardly possible to carry out the work if there is no office
Since there will be offices from around the globe as for how they plan it the blockchain will be the best technology that they can use for faster and transparent transactions between offices and to its future borrowers.
About the bounty I saw nowhere a word. No information. I would like to hear clarifications from the organizers or the manager.
They will soon arrange one with the best shares and the best experience ever. This project will really be much more usefull and beneficial for several users and also it will be in a huge demand ahead so anyhow that is going to have good benefits ahead from the investors.You are right, anyway, having bounty campaigns or not is still ok since the project already achieve high popularity. But I am still hoping for the campaign because it will surely boost shift cash popularity
Well, this big project really needs huge amount of funds to make this project become successful. Hopefully they can reach the allocated amount of this big project because it not easy to invest a different places throughout the world.by making this kind of project shift your car in order to loan, well let's see for further development on this project.
The project fees are not bad. But what is the use of blockchine? what will it give? And where will your offices be? it is hardly possible to carry out the work if there is no office
Since there will be offices from around the globe as for how they plan it the blockchain will be the best technology that they can use for faster and transparent transactions between offices and to its future borrowers.
Shift cash is good platform, I will use it in future to give loan and make some money once everything is ok, However I wish team are interacting with us and tell us how they plat to encourage customer to use Token instead of other option, because this is the problem with most project that provide a service that can be use with other currencies.
Even i am surely going to try this service in future and i just hope that it should also be available in my country too so that many more citizens like me also can have some good benefits due to this project ahead. This project has a good and secure documentation system so everything will be safe and fast here.It depends on your needs, If are wiling to get loan then you need to wait until the service become available in country, but if you want to be a lender I think it will be possible once platform is released since you will not need to use your car as the borrower should does.
About the bounty I saw nowhere a word. No information. I would like to hear clarifications from the organizers or the manager.
They will soon arrange one with the best shares and the best experience ever. This project will really be much more usefull and beneficial for several users and also it will be in a huge demand ahead so anyhow that is going to have good benefits ahead from the investors.You are right, anyway, having bounty campaigns or not is still ok since the project already achieve high popularity. But I am still hoping for the campaign because it will surely boost shift cash popularity
About the bounty I saw nowhere a word. No information. I would like to hear clarifications from the organizers or the manager.
They will soon arrange one with the best shares and the best experience ever. This project will really be much more usefull and beneficial for several users and also it will be in a huge demand ahead so anyhow that is going to have good benefits ahead from the investors.You are right, anyway, having bounty campaigns or not is still ok since the project already achieve high popularity. But I am still hoping for the campaign because it will surely boost shift cash popularity
The project fees are not bad. But what is the use of blockchine? what will it give? And where will your offices be? it is hardly possible to carry out the work if there is no office
About the bounty I saw nowhere a word. No information. I would like to hear clarifications from the organizers or the manager.
They will soon arrange one with the best shares and the best experience ever. This project will really be much more usefull and beneficial for several users and also it will be in a huge demand ahead so anyhow that is going to have good benefits ahead from the investors.You are right, anyway, having bounty campaigns or not is still ok since the project already achieve high popularity. But I am still hoping for the campaign because it will surely boost shift cash popularity
About the bounty I saw nowhere a word. No information. I would like to hear clarifications from the organizers or the manager.
They will soon arrange one with the best shares and the best experience ever. This project will really be much more usefull and beneficial for several users and also it will be in a huge demand ahead so anyhow that is going to have good benefits ahead from the investors.You are right, anyway, having bounty campaigns or not is still ok since the project already achieve high popularity. But I am still hoping for the campaign because it will surely boost shift cash popularity
Jump to: