Monetize your data assets ethically

Does your payment, distribution or supplier network involve small enterprises?

Helping them get financing improves your business and theirs. With LendLedger's marketplace you can originate small business loans for lenders and earn additional fee income.

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Step 3. Share data

Confidential data can flow freely but remain protected. All Borrower - Borrower - Borrowers acquire their personal or business credit data from Data Providers. Identify loan offers from Lenders and apply for and receive loans. credit and KYC data is stored locally by the Borrower - Borrower - Borrowers acquire their personal or business credit data from Data Providers. Identify loan offers from Lenders and apply for and receive loans. , Data Contributor - Data Contributor - Data Contributors provide credit data they accumulate on households and businesses to Lenders and Borrowers. , etc. and is shared only during a specific transaction through an encrypted, peer-to-peer mechanism.

How data sharing works

As a Data Contributor - Data Contributor - Data Contributors provide credit data they accumulate on households and businesses to Lenders and Borrowers. , you probably have a unique data collection process and database structure. To make data exchange simpler, the LendLedger community has defined a number of standard data formats you can choose from. If your data doesn't match existing LendLedger formats, don’t worry. Contact us for help.

This section describes two ways of connecting to share data and loan information. The great thing about LendLedger is that there is only one integration required to do business with every Lender on the network!

1. Connecting via LendLedger's software (L-Cloud)
The L-Cloud software is the fastest way to begin sharing data through the LendLedger network. Click here to find out how to use the L-Cloud software.

2. Connecting directly, via API
An alternative is to integrate your existing systems with LendLedger, although this is probably best done after you've had some experience with the network. Click here to view the data formats and APIs you'll need to use to share data in standardized formats with Lenders, get loan offers for your clients or partners, and (if you are offering additional services) govern how you can collect repayments from Borrowers - Borrowers - Borrowers acquire their personal or business credit data from Data Providers. Identify loan offers from Lenders and apply for and receive loans. on behalf of Lenders - Lenders - Lenders originate loans using credit data made available by Data Providers. Lenders sign loan contracts with Borrowers and disburse loans to them .

NOTE
Finally, in some markets, Data Contributors - Data Contributors - Data Contributors provide credit data they accumulate on households and businesses to Lenders and Borrowers. can avoid connecting directly to LendLedger altogether, and can simply interact manually through a data aggregator. This type of entity specializes in collecting data from multiple sources and sharing this with Lenders - Lenders - Lenders originate loans using credit data made available by Data Providers. Lenders sign loan contracts with Borrowers and disburse loans to them . Contact the LendLedger team to identify known data aggregators.

Step 3. Share data


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