IMPLEMENTATION OF A SERVICE PLATFORM FOR AN ONLINE PEER-TO-PEER (P2P) LENDING TRANSACTION

摘要

#$%^&*AU2014221240A120160324.pdf#####ABSTRACT Disclosed is a system and method for implementing a service platform to provide one or more services for an online loan transaction through an instance of a service facilitator engine. The services provided by the service facilitator engine enhance the user's experience when engaged in an online loan 5 transaction or online P2P lending transaction. Further, the service facilitator engine ensures a safe and secure platform for transferring the loan amount to the registered borrower. The service platform tracks the repayment schedule of the registered borrower and credits rating based on the tracking information. Based on the credit rating of the registered borrower, registered lenders can authorise the registered borrowers to avail the loan facility. 131/ 8 Service Facilitator Platform 100 Client 101 Server 102 Web Interface Service facilitator andDatabase FIG. la Service Facilitator Platform 100 Client.101a Service Client 101b Facilitator Registered Lender Engine 103 Registered Borrower