OCEN or 'o-ken' stands for Open Credit Enablement Network. It creates an open network to facilitate the flow of credit via different borrowers, lenders, credit bureaus, underwriters, and Loan Service Providers(LSP). The term 'open' signifies that the network through which all these entities come together is open and OCEN has a set of public API's that can be used by these stakeholders to enable lending.
What is an LSP?
An LSP is an entity that facilitates the providing loans to the borrowers. These LSPs are aggregator platforms which provide credit for their users