Inspiration
Capital One: Together was inspired by the "gap" between individuals burdened by high-APR personal loans and those earning minimal returns from traditional savings accounts. By directly connecting these two groups, we empower borrowers with lower interest rates and investors with higher returns. Not only does this attract new customers for Capital One, it reduces capital reserve requirements, freeing funds to invest in other innovative ideas.
What it does
This platform allows users to post "loan offers" and "loan requests", which we internally match to suitable parties. This facilitates easy peer-to-peer lending, helping borrowers access lower-cost loans while giving investors higher returns. The platform also streamlines the process, providing transparency, secure transactions, and a user-friendly experience.
How we built it
Built with Next.js, Express, Supabase, Google Gemini API.
Challenges we ran into
- Gemini API response times
- Complex database design + Authentication
- Balancing weights in our trust score algorithm
Accomplishments that we're proud of
- Fully integrated Supabase Auth with JWT support
- AI-integrated interest rate calculation model
- Customer "trust score" weighing personal factors
What we learned
- Very deep dive into fintech, loaning practices, risk assessment
- Supabase implementation
- AI-integration for calculating metrics
What's next for Capital One: Together
- Improved matching system
- Automatic loan splitting
- More realistic payment process
Built With
- express.js
- next.js
- supabase
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