Open Credit Enablement Network (OCEN) protocol - new credit protocol infrastructure

Under these new credit rails, OCEN will act as a common language, connecting lenders and marketplaces to utilise and create innovative, financial credit products at scale.

Aggregators which will be using these APIs (Application Programming Interface) to embed credit offerings in their applications, and will be called ‘Loan Service Providers’, which will play a crucial role in democratizing access to credit, and lowering interest rates for customers.