Fintech companies, in emerging markets, which offer alternative credit solutions like “Buy Now, Pay Later” (BNPL) are growing at an incredible pace with consumers and merchants eager to embrace simplified loan requirements and fast access to credit. Consumers like the flexibility while merchants appreciate the accelerated sales conversions.
However, an ongoing challenge for these fintech firms is managing new account acquisition and expansion with the risk of default, and the subsequent collection on those defaults.
To enhance the loan decision-making and collection processes, BNPL providers should look at enriching their internal data with large scale and high quality third-party data that can support a variety of key use cases.
Recently, Mobilewalla CEO Anindya Datta, joined the Fintech News Network's webinar discussing the Buy Now Pay Later Revolution.
“We are providing predictive artifacts: data that are predictive of how likely somebody is going to default in a loan,” Anindya said.
In this webinar, was joined by leading players and industry experts to discuss the future of BNPL. Topics include: