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written by Tsuruaki Yukawa
Bloger in Chief of TechWave
“Changing the flow of money of individuals through social forces” is the idea behind AQUSH which won second place at Infinity Venture Summit’s Launch Pad.
For lenders, making a term deposit of 3 years with the fund yields interest of only 0.15%. The total deposits amount to 250 trillion yen. On the other hand, borrowers who borrow from private financial institutions face an average loan interest of 18.17%. There is a market of 10 trillion yen. This represents a significant difference in interest (rate). Borrowers and lenders will become happy at the mutual benefit resulting from being connected together more efficiently. AQUSH Social Lending will develop the infrastructure over the Internet to connect lenders and borrowers in an efficient manner.
The problem at hand is risk. In response to this, AQUSH has developed a ranking system to measure the trust of individuals. The structure behind the lending, investment and ranking methods are described in the video below.
Please also refer to the prior feature of AQUSH by Techwave (Related article: Seeing the Future of Finance in Social Lending AQUSH (Tokyocamp) : TechWave).