{"canonical_url":"https://agenticpayments.dev/cuts/four-things-anyone-can-bring-to-a-loan","claims":[{"o":"new-row-not-new-column","p":"is","q":{"era":"universal"},"s":"value-chain-entrant"},{"o":"data","p":"adds-value-along","s":"borrower"},{"o":"distribution+data","p":"adds-value-along","q":{"secondary":"capital+technology"},"s":"embedding-platform"},{"o":"technology","p":"adds-value-along","s":"fintech-infra-provider"},{"o":"data","p":"adds-value-along","q":{"secondary":"technology"},"s":"data-aggregator"},{"o":"data","p":"adds-value-along","q":{"secondary":"technology"},"s":"derived-data-provider"},{"o":"technology","p":"adds-value-along","q":{"secondary":"data"},"s":"payments-services-provider"},{"o":"data","p":"adds-value-along","s":"credit-bureau"},{"o":"technology","p":"adds-value-along","q":{"secondary":"data"},"s":"underwriting-modeller"},{"o":"capital","p":"adds-value-along","s":"lender"},{"o":"distribution+data","p":"adds-value-along","q":{"era":"agentic","secondary":"technology"},"s":"borrower-agent"},{"o":"embedding-platform","p":"competes-with","q":{"columns":"distribution+data"},"s":"borrower-agent"}],"content_hash":"sha256:7977ab211d618f52fc6e72ccb4acd8038d6a72e09e9b75515590fa3951123759","entities":{"agentic-payment":"lexicon/agentic-payment","mandate":"lexicon/mandate"},"gist":"Every participant in the lending value chain adds value along one or more of four dimensions — capital, distribution, data, technology. New entrants are new rows in that grid, never new columns: an actor that cannot name its column is not in the chain. The borrower's agent enters as a distribution+data row, which puts it in direct competition with the embedding platform for the same two columns.","id":"cut-0303","license":"CC-BY-4.0","provenance":"first-hand","relations":[{"target":"cut-0300","type":"derives-from"},{"target":"cut-0302","type":"supports"}],"sig":"ed25519:MaejXAEGAoPRZ6LIvpOkNpfuu8wtmLnvJKmy8u3Z4+lwZZH31E7TOo7UUh3FjDF6b76i6jhwvO3eujuoaLgXDA==","stale_after":null,"suggested_citation":"agenticpayments.dev, \"Four things anyone can bring to a loan\" (cut-0303), July 2026, https://agenticpayments.dev/cuts/four-things-anyone-can-bring-to-a-loan","superseded_by":null,"valid_as_of":"2026-07-07","version":1}