“Our mission is to deliver superior efficiencies, trust and liquidity to the lending industry, where both the originator and the investor benefit from increased transparency of loan data; all of which is enabled through digitisation of loans on a private, permissioned blockchain.”
By digitising loans on the blockchain, Othera’s software creates an immutable record of relevant loan data and transactions, thereby capturing full asset provenance for the life of the loan. John Pellew has spoken extensively with lenders and investors and feels that Othera’s software will help lenders to write more quality loans, and strengthen the complex originator- investor relationship,
“By recording loan data, repayments and relevant transactions on a distributed ledger, and leveraging smart contracts and automation, we can ensure that originators and investors get back to doing more of the work that benefits the bottom line. This means writing more loans for less cost, and frictionless sales of loans to qualified investors; all underpinned by even more transparency and trust than that provided by the current structure”.
A strong partner in SBI Holdings
SBI have a strong reputation as a supportive investor in the financial services space, and John Pellew is optimistic about the new relationship,
“We are thrilled that SBI Holdings shares our vision for reimagining loan origination and capital markets using blockchain technology. They have a proven record in supporting emerging technologies, and are lead by a strong and experienced team. We are looking forward to working with them to roll this technology out into global markets.”
About SBI Holdings
The SBI Group was established in 1999 as a pioneer of Internet-based financial services in Japan. Since then, the SBI Group has formed the world’s first Internet-based financial conglomerate, providing financial services in a broad range of fields including securities, banking and insurance. In addition, the SBI Group provides Asset Management Business, with a prime focus on investment in venture companies – an activity undertaken since before the Group’s founding. In this sphere, the SBI Group has made focused investments in the IT and biotechnology sectors, which are the 21st century growth industries. Currently, the development of new technologies is accelerating within the FinTech, IoT, AI, Big Data and related fields, thus attracting global attention. The SBI Group is proactively investing in venture companies within these fields. For more information, visit https://www.sbigroup.co.jp/english.
Othera is leading the way in the digitisation, issuance and trade of whole and partial loans. Application of Othera’s blockchain and smart contract technology reduces costs and risk for both lenders and investors by increasing asset transparency and liquidity, and digitising and automating manual processes and reducing inefficiencies. Othera’s re-imagination of loan origination and capital markets through their blockchain loan origination system, digital asset exchange and capital markets platform is delivering innovative solutions to meet the needs of lenders, and sophisticated and institutional investors.