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To work on the platform each participant must have a certain rating or the reputation of the borrower does not affect the registration on the platform?
As I understand it, the registration of the user will be determined by the rules of KYC and if the participant creates a profile of the borrower, the platform will subsequently check all the data about his client, even taking into account social media. So I think all the data initially affect the rating of the borrower.
Please tell me, the location data will be included in the list of information for registration on the platform when creating a lender profile ?
I understand that the lender will undergo an identity check, so will the borrower, and will probably need all the details of the participant so that he can sign an electronic financing agreement.
Since the platform uses the principles of Sharia, I think they should ensure that all participants of the platform are checked for compliance with such conditions.
Now there are many variants of checks that financial companies use to check customers, and the team has already created its credit scoring program, so I think there should be no difficulties with this issue.
