Hi DAMLers,
Here is the recording for anyone that couldn’t attend the lending webinar 
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 of the webinar:
- Common business process challenges & data islands in the lending industry today
- Introduction to smart contracts (DAML)
- A roadmap for streamline processes that can span multiple organizations
- Live illustration by Knoldus of DeCredit, a decentralized lending app made using DAML smart contracts
Speakers:
- Neeraj Kumar, Executive Director, Virinchi
- Atul Rawat, VP Operations, Knoldus
- @ksr30, Solution Lead, Knoldus
- @ManishGrover , Digital Asset
Lending processes are a complex mesh of customer management, risk assessment, collateral management, payments, and default management functions. Additional complexities also arise from the fact that multiple institutional parties are almost always involved, and that loans and their servicing can be sold or transferred.
Although solutions have been proposed using blockchain, complexities within the enterprise have largely been unaddressed, viz. streamlining intra-enterprise processes and data islands.
In this blog, we would like to propose a roadmap that helps with the immediate problems of constant reconciliation, transparency, and turn around time within an enterprise, while also paving the way to achieve the goals of collaboration across multiple organizations while preserving privacy and eliminating reconciliation. We will also present DeCredit, a solution that embodies these principles and provides a useful accelerator for enterprises looking to undertake this transformation.
Read more on the blog post here: How to Streamline Lending and Credit Management using Smart Contracts
Also, learn DAML online Become a Daml developer and build on Blockchain fit for the Enterprise
Any questions to @ksr30 or @ManishGrover that are in the forum?