Streamlining Lending with Smart Contracts with DAML (Digital Asset)
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See how Daml smart contracts enable you to streamline lending business processes within the enterprise, while allowing you to bridge islands across enterprise boundaries. See also live demo of a decentralized credit app built by Knoldus.
Lending is a complex mesh of activities like managing the customer, mitigating risks, overseeing payments & defaults, and keeping up with regulations.
Things get more complex as multiple institutional parties are almost always involved and there’s a lack of transparency and end-to-end visibility in the process for both business stakeholders and users.
Blockchain and smart contracts have often been quoted in the context of eliminating intermediaries (peer to peer decentralized finance). However smart contracts can be used both with and without a blockchain.
In this webinar we discuss how to address common challenges that arise from internal data islands leading to process latencies and issues with digital customer experience. We outline a practical roadmap to enable multi-enterprise collaboration on the end to end business process, finally leading to a decentralized model if so required.
Agenda: 1. Common business process challenges & data islands in the lending industry today 2. Introduction to smart contracts (Daml) 3. A roadmap for streamline processes that can span multiple organizations 4. Live illustration by Knoldus of DeCredit, a decentralized lending app made using DAML smart contracts
Speakers: 1. Neeraj Kumar, Executive Director, Virinchi 2. Atul Rawat, VP Operations, Knoldus 3. Krishna Singh, Solution Lead, Knoldus 4. Manish Grover, Digital Asset
Lending processes are a complex mesh of customer management, risk assessment, collateral management, payments, and default management