Search results for Fraud systems
Post-purchase off-card BNPL: How it works and why it appeals to banks
The BNPL market has seen explosive growth, with global usage increasing six-fold between 2019 and 2023. As industry players rush to stake their claim in this thriving market, it has become clear that BNPL is far from a one-size-fits-all solution. Various models have emerged, each with its unique characteristics and appeal. One of the most prominent among these is the post-purchase off-card BNPL model. But what exactly is this model? How does it work, and who does what businesses is it suitable for?
Press release
Compass Plus Technologies celebrates hat-trick win at Global Banking & Finance Awards
These prestigious awards aim to recognise businesses driving innovation, progressive and inspirational changes within the global financial community.
Digital transformation and AI walk into a bar…
Many FIs are dipping an exploratory toe into the AI waters to see what else can be done to increase operational efficiencies and lighten the load. From compliance to code generation, recruitment to orchestration; nothing is off the table. According to a recent report, disruptive AI technologies can dramatically improve an FI’s ability to achieve four key outcomes: higher profits, at-scale personalisation, distinctive omnichannel experiences, and rapid innovation cycles. What’s not to like?
How to stand out in the BNPL market: A guide for FIs and PSPs
The world of BNPL is not one-size-fits-all; it's a rich tapestry of options, each with its own unique set of features and benefits, and FIs and PSPs must carefully consider which model, or combination of models, is right for them to help grow their business.
Use case
MobiCash Payments: Entering the acquiring space in an overcrowded market
One of the largest financial institutions in the Middle East had a long-term business strategy to move into the acquiring market. However, as the market was already saturated, it knew it needed to launch something truly different to be able to compete. Recognising the untapped potential in mobile payments in Jordan, the bank chose to focus on creating a value proposition that utilised the high mobile penetration rate in the country to appeal to all market players, from small businesses to large enterprises.
Beyond credit cards: The growing appeal of BNPL in South Africa
With the local BNPL market estimated to have reached US$900 million at the end of 2023 and projected to soar to US$1.6 billion by 2028, it's clear that BNPL is more than just a passing trend — it's a fundamental shift in consumer behaviour.
Use case
BNPL: Creating a compelling offering for consumers and businesses
Recognising the evolving landscape of financial services and the growing demand for flexibility and convenience, one of Myanmar’s largest private banks embarked on a project to introduce innovative buy now pay later (BNPL) products.
Case study
Klarna Group: Implementing a flexible system to future-proof business and aid global expansion
Klarna required a flexible and customisable third-party solution to replace its in-house platform that would enable easy system development, the ability to create new products quickly and grow the business on a global scale.