central depository base that can cross check if a borrower is getting funded from more than 1 P2P platform for the same purpose. As per Securities Commission, an issuer is unable to raise fund for the same purpose at more than 1 p2p platform.
If the SC already does not allow that, we won't need to cross check to ensure there is no overlap? Or there are loopholes that you know of?
but that's the thing though, SC doesn't allow that and I assume all P2P player will inform the issuer up front and they will declare as such. But it doesn't stop them from applying from 4-5 same players at the same time though. Hopefully there will be tighter changes~ some platform like microleaps and alixco actually publish the issuer names on their platform so its easy to spot them :D