BNPL Bismuth
• Leverage alternative data Mitigate risk and make smarter decisions with a combination of alternative and traditional data. BNPL has been hailed as a tool for financial inclusion, and with the right data on your side, you can approve more creditworthy customers while keeping your risk low. • Unify your technology Create a risk decisioning ecosystem with one solution for data, KYC, analytics, and insights. Implement integrated drag-and-drop processes to retrain models around new regulatory or business requirements in real-time across the entire BNPL customer lifecycle. • Future-proof your solution Easily iterate processes and deploy changes quickly to get ahead - and stay ahead - of changing demand. Visualize data with prebuilt dashboards and use machine learning and AI for cutting-edge insights that will power innovation for BNPL 2.0, 3.0, and beyond. Embrace these opportunities with the power of the BNPL Bismuth and you will become a legendary BNPL lender.
As you board your vessel to find the second to last jewel, the jostling of the already-collected treasures against your hip fortifies your resolve. While you suffer a few close calls with rocky jags and hidden sandbars, you manage to come ashore unscathed. Cheers to you, voyager! You have found the chest of the BNPL Bismuth and are another step closer to collecting all five legendary lending jewels. To learn the jewel’s secret to success, you must understand both the challenges and opportunities BNPL loans can offer.
Challenges
• Insufficient access to data One of the most appealing features of Buy Now, Pay Later (BNPL) loans is you do not need to perform a hard credit check like other retail/POS financing options - saving you money and your customers a ding to their score. However, without expansive access to both traditional and alternative data, it can be difficult to assess creditworthiness accurately, and that puts you at risk. • Changing regulations are unpredictable With the enormous surge in popularity of BNPL products, legislators across the globe have begun to introduce new regulations for the industry. Using multiple solutions for data and decisioning can be clunky and difficult to adjust, making it burdensome to keep up with the continually morphing requirements. • Preparing for next-gen BNPL Even though BNPL has slowed down in some regions, its adoption is still growing on the whole and transitioning along the way. The evolution of BNPL means new regulations and new channels for growth and innovation. Your decisioning platform must be ready to scale along with the increase in demand that will be propelled by the next generation of BNPL offerings.
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