No-Code Development

A unique smart contract is automatically generated and deployed by FintruX Network for each approved loan in real-time to provide unambiguous, immutable, and censorship resistant records where no arbitration is required. This is possible with our no-code development technology.

FintruX Network is one of the world’s first decentralized applications powered by Ethereum and no-code development. The FintruX Network architecture is a highly scalable and robust combination of the latest technological advances in blockchain, user-experience, client, and server-side methodologies.

Traditional automation attempts to use one system to account for any possible transaction. The resulting program has millions of “if-then-else” statements and is very complicated. We are shifting the programming paradigm with FintruX Network. We generate one unique program (“Smart Contract”) for each borrower contract to be deployed in real-time on the blockchain via a configurable interface.

By generating a new contract for each individual use case, each program is in its simplest form, eliminating the need for complex if-then-else statements. The Smart Contract becomes a binding agreement between the participants - unambiguous, immutable and no arbitration is required. Each borrower contract will be open-source, enabling participants in every loan to fully understand the terms of their loan agreement.

Open Ecosystem

In addition to simplifying the loan application process via instant matching, FintruX Network also provides borrowers with post-funding self-serve administration options and access to third party rated agencies.

Partners such as fraud and identity service agents, credit scoring and decision agents, wallets, exchanges, banks, asset managers, insurance companies and technology companies will all have a role in our ecosystem. Our network will enable our partners to offer a new generation of financial products and to develop innovative new tools for use on our platform.

We provide and maintain a decentralized review platform for borrowers, lenders and all service agencies based on Ethereum smart contracts. In contrast, reviews written on a third-party website are subject to change by the site owner – there is no integrity in the current non-blockchain based systems. The need of gaining qualified feedback/market research data to enhance the quality of risk assessment, service and transparency cannot be over-emphasized.

On the other side, we see borrowers, lacking a reliable source of comparability between different lenders as well as the possibility to give unfiltered feedback to share their opinion and thoughts. The same for lenders who can now rate and write reviews on their borrowers and agencies; subsequently these can be used as part of the credit scoring mechanism for assessment of credit risk.