Friday January 22, 2021
Bitcoin (BTC) $32,606.00   Ether (ETH) $1,244.47
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Vendor Technology

CULedger and FiscalHive to streamline credit union loans with DLT and AI

Published by CryptoNinjas.net
11/21/2019

CULedger, a credit union-owned CUSO providing decentralized identity credential capabilities to credit unions, announced today a strategic partnership with FiscalHive, an artificial intelligence (AI)-based platform provider.

The partnership aims to streamline the loan participation process across the credit union industry by leveraging distributed ledger technology. The two parties are currently developing a proof of concept that will be made available for credit unions to pilot in 2020.

While CULedger’s MyCUID credential allows credit unions to easily identify members when they log in, walk-in or call-in to their credit union, it also is the base form of authentication for its network of peer-to-peer digital exchange.

FiscalHive’s loan participation platform provides loan-level data for every participation transaction along with dozens of pre-generated due diligence, delinquency and remittance reports. The platform includes an end-to-end participation transaction workflow for both buyers and sellers. This built-in, efficient process can help reduce loan participation transactions to less than one week from the current 4-6 weeks.

“Loan participations are extensively used by credit unions, primarily in member business loans and consumer mortgage loans. The long-term benefit of this partnership with FiscalHive will allow credit unions to provide complete visibility of all loan data for buyers and sellers and automate the due diligence process through CULedger’s trusted permissioned distributed ledger network of digital exchange.”
– John Ainsworth, CULedger CEO

Credit unions want to buy and sell loans from one another through a loan participation process, where one or more eligible credit unions share the risk associated with the loan by purchasing a portion of the loan from the originating credit union. As with all loans, proper and thorough due diligence is critical.

“Using the FiscalHive portfolio analysis tool, credit unions with excess liquidity will be able to create tailored loan portfolios. By integrating MyCUID into FiscalHive’s AI platform, buyers of the loans will receive key information about the loans they participate in without the seller releasing competitively valuable information. In addition, digital signing, using MyCUID, provides higher levels of security and compliance. “
– Sameer Sonalkar, CEO FiscalHive

9
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

CULedger unveils EFT payment solution built on R3’s Corda blockchain

12/05/2019

CULedger expands partnership with R3 to support cross-border blockchain payments

05/21/2019

CULedger and IBM collaborate on blockchain services for financial institutions

03/11/2019

CULedger selects Hedera Hashgraph for cross border payments ledger

05/01/2018
Load More

Discussion about this post

Recent Updates

Crypto wallet Cobo adds support for Binance Smart Chain

Prediction market platform Omen to integrate crypto data oracles from API3

Mirror Protocol brings synthetic stock asset exposure to Binance Smart Chain

Crypto exchange Upbit shows over 100% user fund capitalization in audit report

BetProtocol rebrands to BEPRO Network offering full blockchain gaming codebase

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

GateHub launches Wallet Protect to cover up to $100K for XRP ledger wallets

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version