Consumer credit origination.
European fintech, Buy-now-pay-later
A European Fintech startup has come up with a concept of a Buy-now-pay-later payment method providing a solution for instant consumer credit at checkout. While having all business relationships, legal and marketing components in place, the customer needed a technology partner able to deliver a custom-made solution to market.
- Designed a consumer digital onboarding flow incorporating product specifics, regulatory requirements, and financial institution partner requirements.
- Designed an API for payment service providers and merchants; implemented a developer portal and sandbox environment.
- Customised the Digital Onboarding Platform UI to align with brand guidelines and operational processes.
- Designed and operationalised the digital service delivery infrastructure; integrated with value-added service providers and networks.
- Implemented fraud prevention using data-driven risk analysis, device fingerprinting, rule-based mechanisms, and machine-learning models.
- Designed and implemented merchant, marketplace, and payment-gateway plugins.
- Supported integration projects with merchants, payment service providers, and financial institutions.
The solution has been successfully launched, and is serving as the core of the customer's operation, processing transactions in a 24×7 mode, originating consumer loans and serving thousands of customers and merchants.
By the numbers
- Thousands of customers and merchants served.
- 24×7 transaction processing.
- Core of the customer's operation.
How we'd help you do this.
Fintech Product Architecture
A deployable blueprint: licence and governance, target operating model, IT and data architecture, vendors, and a sequenced build plan.
Open serviceConsumer Credit expertise
From traditional consumer loans through revolving credit, point-of-sale financing, BNPL, and embedded credit propositions.
Open expertise