Simplifying the Complex: A Closer Look at Kona Finance's Operations
Welcome to a journey through Kona Finance's operations! In a world where finance often seems wrapped in complexity, understanding the mechanics of operations enabled by Kona Finance can offer efficiency and flexibility essential to modern financial technologies and practices.
What Are Operations at Kona Finance?
Operations at Kona Finance refer to a structured process where an originator issues loans. These loans can have diverse collateral types, like credit card receivables, duplicate invoices, and payment slips, servicing different borrowers, highlighting the platform's flexibility.
How Do Operations Work?
The operations process, facilitated by essential API calls such as creating the loan, verifying collateral, checking borrower information, approving the loan, and funding the loan, is largely automated. A custom AI agent is used to identify the parties and validate the receivables, triggering the creation of the forfeit contracts sent for signatures through convenient channels like email or WhatsApp. Once signed, these are registered in blockchain-based smart contracts.
Securitization
Kona loans are securitized by a central bank-regulated entity, increasing the power of recourse in case of a default. This is done behind the scenes and is only seen in the case of an NPL.
Investing in Loans
Loans can be invested manually one by one, in batches, or automatically through previously provided liquidity. Upon investment, currency conversions and bank transfers are executed, and a digital receipt is sent to the provider, borrower, and lender.
API Integration
For tech enabled clients or partners looking to integrate, Kona offers detailed API documentation. This allows users to create new operations and manage existing ones efficiently. It supports various stages from creating contracts to final payment procedures, ensuring transparency and ease of access.
Repayment Tracking
Kona also provides mechanisms to track and manage repayments. This is facilitated through our API, where a credit to the designated account updates the status of repayments, granting users real-time monitoring of ongoing transactions.
Do you need more details?
Visit our official documentation for a detailed exploration of Kona Finance’s operations and to understand how to integrate these tools into your business or project.
