"We expect to see the final shape of regulation by May 2022."
- Solution Guide for BNPL providers
"BNPL's rapid rise and soft credit checks have become a "honeypot for fraudsters."
Bud helps Buy Now, Pay Later providers to address the challenges posed by regulatory compliance and assess affordability.
Point of Sale – Bud's product allows customer to connect to Open Banking. This takes 3 clicks in <10 seconds.
Verification – Bud's verifies account ownership at the point of sale.
Affordability check – Bud's solution identifies income, spending priorities, and commitments to other BNPL providers based on customer transaction data.
Checkout – A decision is reached based on affordability scorecard. The customer checks out.
Get a complete picture of your customers' finances with Bud's affordability and eligibility solution, Assess.
Regulation is coming. We know that and yet even if that weren’t true, the case for deploying Open Banking tech as a Buy Now, Pay Later provider is compelling.
Solution guide for tightening the onboarding process without compromising the user experience for BNPL providers.