One of the major reasons BNPL\u2019s popularity has grown so rapidly is its broad accessibility. Consumers don\u2019t have to pay interest, and some providers don\u2019t even charge late fees for missed payments. The risk checkpoints that have historically acted as barriers for the credit unserved or underserved no longer exist. And without the data and risk technology in place to fill in those gaps, delinquency can and will happen. And it\u2019s happening at a rate of 2.39%, up from 1.83% in 2020, according to\u00a0a recent report<\/a>\u00a0by The Consumer Financial Protection Bureau.<\/p>\n <\/p>\n In this Finextra<\/a> exclusive, Kathy Stares<\/a>, Executive Vice President, North America for Provenir, outlines the economic factors fueling BNPL usage and what BNPL providers can do to mitigate risk in these highly volatile times.<\/p>\n <\/p>“,”margin”:”default”}},{“type”:”button”,”props”:{“grid_column_gap”:”small”,”grid_row_gap”:”small”,”margin”:”medium”,”text_align”:”center”},”children”:[{“type”:”button_item”,”props”:{“button_style”:”default”,”content”:”Read Now”,”icon_align”:”left”,”link”:”https:\/\/www.finextra.com\/blogposting\/25621\/preparing-for-the-next-evolution-of-buy-now-pay-laterand-beyond”}}]}]},{“type”:”column”,”props”:{“image_position”:”center-center”,”padding”:”small”,”position_sticky”:”row”,”position_sticky_breakpoint”:”m”,”position_sticky_offset”:”100″,”style”:”card-default”,”width_medium”:”1-3″},”children”:[{“type”:”headline”,”props”:{“content”:”The Ultimate Guide to Decision Engines”,”text_align”:”center”,”title_color”:”success”,”title_element”:”h3″,”title_style”:”h3″}},{“type”:”text”,”props”:{“column_breakpoint”:”m”,”content”:” What is a decision engine and how does it help your business processes?<\/p>“,”margin”:”default”,”text_align”:”center”}},{“type”:”button”,”props”:{“grid_column_gap”:”small”,”grid_row_gap”:””,”margin”:””,”margin_remove_bottom”:false,”maxwidth”:”medium”,”text_align”:”center”},”children”:[{“type”:”button_item”,”props”:{“button_style”:”default”,”content”:”Learn More”,”icon”:””,”icon_align”:”left”,”link”:”\/blog\/the-ultimate-guide-to-decision-engines\/”}}]}]}],”props”:{“layout”:”2-3,1-3″}}]},{“type”:”section”,”props”:{“image_position”:”center-center”,”style”:”secondary”,”title_breakpoint”:”xl”,”title_position”:”top-left”,”title_rotation”:”left”,”vertical_align”:””,”width”:”default”},”children”:[{“type”:”row”,”children”:[{“type”:”column”,”props”:{“image_position”:”center-center”,”position_sticky_breakpoint”:”m”},”children”:[{“type”:”divider”,”props”:{“divider_element”:”hr”}},{“type”:”headline”,”props”:{“content”:”LATEST NEWS”,”title_color”:”background”,”title_element”:”h1″,”title_style”:”text-large”}},{“type”:”grid”,”props”:{“content_column_breakpoint”:”m”,”filter_align”:”left”,”filter_all”:true,”filter_grid_breakpoint”:”m”,”filter_grid_width”:”auto”,”filter_position”:”top”,”filter_style”:”tab”,”grid_column_align”:false,”grid_default”:”auto”,”grid_divider”:true,”grid_large”:”3″,”grid_medium”:”3″,”grid_parallax_justify”:true,”grid_row_align”:false,”grid_xlarge”:”3″,”icon_width”:80,”image_align”:”top”,”image_grid_breakpoint”:”m”,”image_grid_width”:”1-2″,”image_link”:true,”image_svg_color”:”emphasis”,”image_transition”:”scale-up”,”image_transition_border”:false,”item_animation”:true,”link_size”:”small”,”link_style”:”default”,”link_text”:”Read more”,”margin”:”default”,”meta_align”:”below-title”,”meta_element”:”div”,”meta_style”:”text-meta”,”show_content”:true,”show_image”:true,”show_link”:true,”show_meta”:true,”show_title”:true,”title_align”:”top”,”title_color”:”success”,”title_element”:”h3″,”title_grid_breakpoint”:”m”,”title_grid_width”:”1-2″,”title_hover_style”:”reset”,”title_link”:true},”children”:[{“type”:”grid_item”,”source”:{“query”:{“name”:”posts.customPosts”,”arguments”:{“terms”:[52],”category_operator”:”IN”,”post_tag_operator”:”IN”,”users”:[],”users_operator”:”IN”,”offset”:0,”limit”:3,”order”:”date”,”order_direction”:”DESC”,”industry_operator”:”IN”,”language_operator”:”IN”,”resources_operator”:”IN”}},”props”:{“_condition”:{“filters”:{“condition”:”!!”},”name”:”author.name”},”title”:{“filters”:{“search”:””},”name”:”title”},”content”:{“filters”:{“search”:””,”limit”:100},”name”:”excerpt”},”image”:{“filters”:{“search”:””},”name”:”featuredImage.url”},”link”:{“filters”:{“search”:””},”name”:”link”}}}}]}]}]}]}],”version”:”4.4.1″} –>
Rapid BNPL Decisioning, Powered by Provenir
Rapid BNPL Decisioning, Powered by Provenir
A leading BNPL provider struggled with flexibility and speed when it came to accepting and processing applications with their in-house system. With Provenir’s intelligent decisioning platform, they were able to improve flexibility and return real-time decisions. Discover how in our case study.
Ready to power the future of BNPL?
