Credit Access Institutional Transparency & Financial Inclusion

We are a blockchain powered fintech platform aiming to promote financial inclusion for the unbanked.

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Introducing

A trustless protocol for open and transparent rural banking

Backed by cutting-edge technology, Finance Blocks provides a suit of products to rural financial institutions and banks. This enables them to provide seamless financial offerings to rural populations. The platform connects seamlessly with national identity systems and extends a secure repository for user identification data on the blockchain. Finance Blocks is driven to eradicate deep-rooted financial bottlenecks in order to grant uncomplicated credit access, institutional transparency and financial cohesiveness.

Rural Financial Sector Challenges

Global economic empowerment entails equitable access to financial opportunities. Developed nations have robust fiscal infrastructures with large-scale micro/macro finance programs that ceaselessly assist in extensive generation of economic opportunities promptly. In undeveloped nations, especially rural areas, financial opportunities do not have the same availability.

Insufficient

volume of credit

Restricted

loan sanctions

Institutional

red-tapism

Growing

overdues

Poor

recovery on advances

Solutions & Features

At Finance Blocks we bridge the rift between rural financial lenders and rural populations.
Merging revolutionary blockchain technology with banking and financial systems, Finance Blocks platform and features enable the rural financial institutions and their users. Finance Blocks has integrated Polygon protocol and intends to push all information to the Ethereum Blockchain. Presently, our ecosystem supports 1000 transactions per second.

Blockchain Based Wallet

Applicant Risk Profiling

Easy to use Banking Digital Interface

Real Time Immutable Records

Comprehensive Financing Needs

Digitizing Traditional Legacy System

Rural User Identity Management

Automated Smart Credit Scores

Unique Universal Identity

Bank Onboarding Process

Onboarding Banks

Financial institutions are onboarded by the Finance Blocks team. When a financial institution is created on the Finance Blocks platform, an admin account for the bank management is created.

Adding Branches & Staff

The bank head will add all their branches and staff members. Once added to the network, financial institution staff members will have their own login details.

System Configuration

Financial Institutions customize their configuration like interest rates, FDs, loans, etc. These configurations can be set before any banking operation takes place within the network platform.

System Integration

Customers of the banks can now be onboarded into the network platform. A customer bank account is created beginning with a KYC process.

Operational Functions

Banking operations can be initiated for the customer. Money can be deposited or withdrawn from the account, FDs and loans can be processed. Interest calculation, settlement of interest on savings & FDs, EMI generation, etc are all taken care of automatically.

Data Interfaces

Users & Financial Institutions are able to view all financial data through the Finance Blocks mobile application. Users & staff members can register to the application by selecting their financial institution and entering login details. Once the account is registered, users & staff members have the ability to view financial data like balances, FDs, loans, and EMIs.