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.
Download the eBook to learn how a leading credit card and consumer lending company improved their financial risk modeling to evaluate applicants for online loans and digital credit cards.
