Our Fintech Development is an advent of ecosystem where consumer problems and their solutions get gauged and mapped for a technical digital solution.
Majority of asset backed incremental (EMI/Fixing based) wealth creation face many troughs and crest during its tenure of full conversion in assets.
As of current banking and financial market is too friendly on their portfolios but fail to restructure the problem or give solutions to clients, rather process goes from default, cheque bounce, criminal and civil cases and retail and corporate recoveries, and this leads to fear and absconding or landing in jail. Though lenders are on roller-coaster business and have provision their impairments and increases UAE’s NPLs, though it needs to addressed properly to give stability and growth in the country. Lenders should be supportive to growth of economy and not individual Short-Term goals.
To bridge this gap our ecosystem starts.
Debt Solution / Credit Restructuring Services
Client selects sleep period = 1 year
Updates his details: how much principal amount is paid. (should be above greater or equal to 40%.)
Investor will invest in settling loan amount for 1 year and receive coupon payments quarterly from clients account with DDA signed.
(In case of properties Investor will gain ownership through Land Department prorated Co-Ownership form for Properties, other deals will be based on bespoke as per asset class, assisted by money protects.)
Upon completion of 1-year investment / sleeping period client will pay back the investor amount and retain full ownership.
In case of breach the initial legal contract will protect first the rights of investor and recover the amount or as per stipulated solution in contract.
All transit transactions will be routed through escrow account for transparency.
Visit the prototype Sleeping Calculator for better understanding: Click Here
Mortgage Loan Protection / Minimizing Interest / Profit Rate Risk
Mortgage loan has highest number of cash flows duration and have risk of interest/profit rate risks.
Corporate Loans usually gets easily Swap deals from bank but retail swap is still not having a product status.
Money Protects will assist in retail swaps by signing contract with any bank/s for this service, either individual clients or group of clients at reduced premium.
Customer will select this service from Money Protects App with details of loan, pricing and tenure.
Money Protects will take the information and pass to the bank/s for pricing.
Once confirmed customer will pay prorated premium to bank and Money Protects Fee, and clients interest/profit rate risks is fixed for longer tenure even 25-30 years.
Customer will pay the agreed fixed interest to bank and bank will pay customer’s floating interest for the entire period.
Client unwind the deal in case interest/profit rate risks in market is cheaper then agreed contract at any given point in full tenure.
Applying First Two on Credit Side:
Buy now Pay Later (BNPL), take a nap on principal payments (Sleeping Period), Interest/Profit Rate hedging across the consumer liabilities.
Equally Applying above hybrid on new avenues of Investments:
Great Opportunity to invest in others liabilities temporarily for HNWI/Crowd/Crypto/Financial Institutions with asset backed capital protected returns starting from 10% without leverage and 15% plus on leveraged.
This covers Mortgages, SME/Mid/Corporate Loans, Motor, Trade Finance etc., depending on application and ready technology to ease the transactions, eventually potential of market appetite and our discourse of business expansion, with application of same equation of asset backed returns as described in Prototype 1.
Current banking and financial market is too friendly on their portfolios but fail to address the problems or give solutions to clients, rather process goes from default, cheque bounce, criminal and civil cases and retail and corporate recoveries, and this leads to great fear, absconding or landing in jail. Though lenders are on roller-coaster business and they provision their impairments but increases UAE’s NPLs on consumer side, though it needs to be addressed properly to give stability and growth in the country.
Lenders should be supportive to the growth of economy and not for making Short-Term profits. To bridge this gap our ecosystem starts herewith.
A recent report from IBISWorld predicts the Buy Now Pay Later (BNPL) industry will continue to grow 9.8% annually over the next five years to $ 1.1 billion. IBISWorld predicts the BNPL industry will grow 9.1% in 2020-2021, bringing it to $ 741.5 million, as online shopping revenue grows 6.4% this year to $ 31.2 billion. BNPL platforms such as Afterpay, Klarna, Zip Pay and other regional players are expected to receive some of this growth, IBISWorld reports.
Lenders should be supportive to the growth of economy and not for making Short-Term profits. To bridge this gap our ecosystem of sustainability starts herewith.