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June 2011

Wimbledon 2011 saw the finest players from over 60 countries compete in the five main Championship events in England

Similarly, there was also the moment of celebration at YS for successfully completing its first 12 months in the P2P business. We were launched on the 16th of June, 2010. And, this one is for all our esteemed members without which the journey would not have been so learning.

Milestones

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YES-secure has been moving from strength to strength, consistently breaking new grounds and spearheading new developments in the social P2P marketplace.

•	Social lending & borrowing: YES-secure brought the idea of social lending & borrowing for the first time in the P2P marketplace. We are incredibly humbled to see so many social activities taking place on the platform of YS. On a rough count, there are some 6400 users, 3400 connections & 21 groups which are actively operational.

•	Public Forum: There has been a flood of overwhelming content on the public forum & we appreciate the active involvement of our members which has helped us in gaining a better feedback of our services offered.

•	Demand for loan amount: A whopping loan amount of 1.5 Million GBP has been received on our platform so far & we have successfully met to the demand of 117 odd borrowers.

•	Secondary Market Slice: 1500+ loans have been traded off in the Secondary market since its launch on the 1st November 2011.

Process Developments

We have always been trying to improve our systems in order to make it friendlier & more competitive with each passing day.

•	Underwriting Revamped: The process of Underwriting has been revamped from time-to-time in order to make it speedier, more effective & accurate.

•	Restructuring of the Interest Rates: The month of February saw the change in the capping of the interest rates resulting in escalating number of genuine borrowers on the platform.

•	Automated the system of accepting the APR: We have automated the system of accepting the APR?s.

•	Solved the various bugs: We have been continuously trying to evolve our website by removing the major bugs. To name a few:

	1. The functioning of the Captcha has been simplified.

	2. Borrowers now have an option of uploading their documents online at the time of accepting the APR assigned to them.

	3. The process of creating the loan request has been modified for better.

	4. We also have incorporated the system of making a soft search for the verification of the loan requests. Now, it does not leave a foot print on the credit profile of the borrower & a hard search is only made when the loan application gets fully funded.

These achievements notwithstanding, there remains a great deal of work ahead. The coming year will bring in many process developments & improvements.

We thank you all for patiently tolerating our fall-outs & supporting us on our achievements. We truly appreciate your time, trust, and support; we will continue to work hard to keep on earning it.

We appreciate your views

Please forward us your feedback & suggestions. Keep updated regarding the latest upgrades by following us on Facebook, Twitter & Linkedin.

That?s all from us for now! You can follow us on:

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