Bright Network uses an open protocol to connect financial services to the data economy
Through an open protocol and data marketplace powered by blockchain, our mission is to enable a new generation of financial services
Designed for FinTech companies and their customers,
Bright Network is an open ecosystem for sharing and consuming business data
Cryptographically-secured structures of user-owned public, private and meta-data. Data can be linked to establish network reputation and trustlearn more →
System of smart contracts and oracle services which orchestrate the usage of vaults and services, and control the distribution of fees when using the networklearn more →
Collection of automated services which can read, use, and contribute to data stored in vaults. They are created with APIs and tools to build dApps on top of our Protocol
Business data is unstructured and siloed, preventing financial services access to the data economy
Traditional financial services runs on rails built 50 years ago,
resulting in high costs and complexity
Closed data and financial ecosystems stifle innovation, reduce
choice for businesses and merchants
Disparate, centralised stores of business data are prone to attack and misuse
Aggregation and analysis of data provides faster, cheaper and more scalable solutions for the financial services sector
Reduced intermediation, Greater Choice
Eliminating traditional intermediaries and offering greater choice, lower fees to businesses and merchants
Open, Disruptive Innovation
Empowering developers to create the next generation of financial products
Handing control, privacy and portability back to the business over their data
Access to the data economy for FinTechs,
Neo Banks, Credit Agencies and Investors
Alternative lenders including FinTechs and Neo Banks can use Bright Network to automate the loan origination and underwriting process to make faster and better lending decisions.
Insurers can use Bright Network to automate the actuarial and underwriting process to provide greater personalizatoin of coverage and actively manage risk.
Financial service providers can use Bright Network in high risk or high value contexts to conduct enhanced KYC and AML checks on merchants and businesses as part of their onboarding process.
Credit agencies can use Bright Network to supplement business credit histories to determine credit risk exposure. Businesses can conduct credit checks on customers to make informed credit decissions.
Professional investors and investor marketplaces can use Bright Network to automate their due diligence process on investments and reduce costs and time.