• Buy Now, Pay Later is a prime example of this innovation, and we’ll continue to see the market grow and expand to additional/adjacent segments, particularly in Latin America where a large portion of the population remains underbanked/underserved.
Predictions: • With the recent fintech innovation boom comes a natural period of focusing on being more efficient to manage risk, including more processes and technology to better handle fraud, identity verification, and assess creditworthiness. • Fintechs are great at creating products that fill a necessary gap and appealing to a variety of consumers, but in order to continue to grow in uncertain times, they will need to focus on technology, data tools, and advanced analytics to ensure a healthy risk management practice and encourage continued innovation.
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