Marketplace loans are digital assets that live entirely in electronic format. Most traditional financial services providers still rely on antiquated processes and have been historically slow to change the way their businesses operate.
Cumbersome, paper-centric processes do not easily or cost-effectively scale to support the high loan volumes and transactional speeds required by the marketplace lending business model.
eOriginal and Millennium Trust Company were selected by Funding Circle to design an end-to-end digital solution to improve productivity and increase transaction speed while meeting and exceeding all regulatory requirements for the sale of loans to Institutional Investors / Private Funds.
