FintechOS launches BNPL offering to help retailers enter booming market

FintechOS has launched a new buy now, pay later (BNPL) offering to allow traditional institutions to create, customise and roll-out their own  product as well as additional embedded lending solutions.

The company’s  open and low-code approach means that teams at institutions can build and edit BNPL and embedded lending products, customer journeys, and business automation logic in a single orchestration across its lean full stack digital financial innovation platform.

Retailers are also able to do this without relying a on complex code or buying new and expensive technology. 

“At FintechOS we believe all banks and lenders should be leaning into the BNPL trend as a way of bringing in new generation customers, generating new sources of non-interest revenue via merchant fees, and diversifying the value proposition of their digital current accounts and payment wallets,” FintechOS chief product officer Marcio Spinola said.

“However, many institutions are limited by their technology stack and the lack of control afforded to their digital teams.

“Our BNPL proposition addresses this problem by allowing traditional providers to create and iterate their own natively embeddable products and journeys.

“Rather than waiting for internal tech teams or external vendors, we are putting power into the hands of internal digital makers for the first time.”  

According to the company, BNPL and embedded lending propositions created with FintechOS technology can be integrated into existing business administration systems or administered via fully configurable customer and staff portals.

This ensures that the institution can run the complete lifecycle of BNPL lending and servicing in a highly tailored model, while also benefiting from the scalability and performance of the underlying cloud-native SaaS-based technology stack. 

Click here to sign up to Charged‘s free daily email newsletter



Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.