Recieved

Collateral released: ca7097aa37229d87bc41f54ae1c4e2b0917c88c371ee23337492040cc0b9359f


Quick update,

We're currently developing an automated version of our service, so that we can establish and build credit history on borrowers and issue instant loans based on our collateral + good credit history formula.

The results of our first round of loans are as follows, two out of five borrowers made their repayments on schedule. Based on there being limited infrastructure to penalize these individuals we have decided that, to ensure the success of the project, it is imperative that we build automated infrastructure to govern our entire loan issuance and recovery activity.

There will be an online portal, with a public credit rating database and the ability for one click loan approvals based on our metrics mentioned above. All of this will provide a solid foundation for Bantam to stand on and progress into the future.

So keep an eye on the thread guys, as this is where all the updates will be posted

The Bantam Team