Peer-to-peer lending marketplaces are growing at a phenomenal rate. More and more customers are finding online lending services more preferable than traditional banks due to the obvious ease of obtaining a loan.
Aura Cloud provides a robust transaction processing system with exposed APIs for you to connect quickly and seamlessly to your bespoke front end commerce platform. We also provide a ready to use commerce platform which you can customize to agree to your business model.
Online lending marketplaces offer a much-needed alternative to traditional banking and payment systems. Marketplaces need to be running efficient systems to monitor the activities of the sellers and buyers and the back end transaction processing.
We are passionate about providing disruptive technology solutions for the financial industry. That’s why we offer unprecedented time to market for “Challengers” in the industry.
Aura Cloud offers the following features to you on a private or a closed community cloud available to be consumed on a pay per use model.
You Prioritize while We Specialise.
You focus on designing cool products and superior experience for your customers and let us handle the boring stuff
Avoid high IT capital costs and operationalize them. Make IT your competitive advantage.
Any new IT components your Business needs can be easily plugged into your core platform running on Aura Cloud through our 6,500 exposed APIs.
• P2P member registration
• Social credit score model
• Loan amortization preferences
• Loan collection and repayment
• Non-performing asset management
• Credit bureau handoff (wherever applicable)
• Loan bid request for borrowers
• Loan life-cycle management
• Loan bid acceptance
• Verified vs. non verified member
• Collective impairment and individual impairment
• Customer output and agreement management
• Preferences for member views
• Escrow management
• Tax handoffs
• Loan disbursement management
• Loan data handoffs to collection agencies
• Portal view for lender and borrower
• Social media linkages
• Loan bid management
• Dunning letters and outputs
• Retail and Corporate borrowing
• Reminders, Notifications and Alert management
• Apps for lender and borrowers to track portfolio
Demo bank is a completely integrated banking experience on our Aura Cloud banking platform.
Aura Cloud Demo Bank is a way for you to get hands-on experience and test its features completely free for 30 days.
You will have the ability to:
When you register for Aura Cloud demo, we will reach out to you for verification, and once verification is done you will get your login credentials which you can use to access your very own Aura Cloud Bank.
The single biggest driver of our marketing is ‘transparency’ and by opening up our banking platform to you, we can affirm all the “features and benefits” we promise you in our communication.
As a part of this experience we offer you access to the following key items:
01
We will create a “bank” entity for you in our platform and share login details which will authorize you as a fully functional bank across all our banking systems.
02
You will be provided with distinct links to Internet bank, Front office, Core banking and Data management systems which can be accessed through the login details that will be shared with you post sign-up.
03
You can access video tutorials for key banking functions and business processes implemented using our banking platform.
04
You will have a ’30 day framework’ at your disposal which will handhold you through this trial period..
05
You can download “your” bank’s Mobile Apps from the PlayStore and the AppStore.
