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2 episodes with buy now pay later bnpl
2 episodes with buy now pay later bnpl
John Matarese from WCPO talks about the unstable economy and how people are cutting back on airline travel, leading to lower airfares but increased fees for things like checked bags and overhead bins. Tips and annoyances about packing for travel are shared, including packing layers to avoid suitcase space and people who overstuff overhead bins. The popularity of "Buy Now Pay Later" (BNPL), especially criticizing its use for small purchases like fast food via Door Dash, calling it "stupid" and a way to get into debt.Sara has a news story is recounted about a 7-year-old driving his 5-year-old sibling over 10 miles in the middle of the night to get McDonald's, damaging the mother's car.Details are shared about Andrew Dice Clay coming to town, with the host recounting his difficult but interesting past interactions with him.Country Jeff the Drunk Drifter calls in, discussing giving rum to his fish and getting free clothes by going “shoesless”.KiddChris expresses “disappointment” at not being nominated for the Radio Hall of Fame and discusses some of the nominees.
Sui social network stanno spopolando dei video che promettono trucchi ''semplici'' per non pagare le rate su Klarna, la popolare piattaforma Buy Now Pay Later (BNPL).Ma far leva sull'ingenuo ''tanto cosa vuoi che succeda'' significa mettere a rischio la propria reputazione finanziaria per anni.È davvero conveniente mettere a repentaglio il proprio futuro per risparmiare temporaneamente qualche centinaio di euro non pagato? Qual è il confine tra astuzia e irresponsabilità?~~~~~ INGAGGI E SPONSORSHIP ~~~~~ Per contatti commerciali: sales@matteoflora.comPer consulenze legali: info@42LawFirm.it~~~~~ SOSTIENI IL CANALE! ~~~~~Con la Membership PRO puoi supportare il Canale » https://link.mgpf.it/proSe vuoi qui la mia attrezzatura » https://mgpf.it/attrezzatura~~~~~ SEGUIMI ANCHE ONLINE CON LE NOTIFICHE! ~~~~~» CANALE WHATSAPP » https://link.mgpf.it/wa» CANALE TELEGRAM » https://mgpf.it/tg» CORSO (Gratis) IN FUTURO » https://mgpf.it/nl» NEWSLETTER » https://mgpf.it/nl~~~~~ CIAO INTERNET E MATTEO FLORA ~~~~~ Questo è “Ciao Internet!” la prima e più seguita trasmissione di TECH POLICY in lingua italiana, online su YouTube e in Podcast.Io sono MATTEO FLORA e sono:» Professore in Fondamenti di Sicurezza delle AI e delle SuperIntelligenze (ESE)» Professore ac in Corporate Reputation e Crisis Management (Pavia).Sono un Imprenditore Seriale del digitale e ho fondato:» The Fool » https://thefool.it - La società italiana leader di Customer Insight» The Magician » https://themagician.agency - Atelier di Advocacy e Gestione della Crisi» 42 Law Firm » https://42lf.it - Lo Studio Legale per la Trasformazione Digitale » ...e tante altre qui: https://matteoflora.com/#aziendeSono Future Leader (IVLP) del Dipartimento di Stato USA sotto Amministrazione Obama nel programma “Combating Cybercrime (2012)”.Sono Presidente di PermessoNegato, l'associazione italiana che si occupa di Pornografia Non- Consensuale e Revenge Porn.Conduco in TV “Intelligenze Artificiali” su Mediaset/TgCom.
In this episode of the Risk Management Show, we uncover the hidden fraud risks in the Buy Now Pay Later (BNPL) space with industry expert Stephane Touboul, founder and CEO of WeGetFinancing. Stephane shares over 25 years of experience in online payments and credit, offering invaluable insights into fraud detection, identity verification, and how innovative technologies like AI and machine learning are reshaping the BNPL landscape. We discussed the critical risks every risk manager must know, including fraud prevention strategies, identity verification techniques, and the future of BNPL in a rapidly evolving market. If you want to be our guest or suggest an expert in Risk Management, Cyber Security, or Sustainability, send your email to info@globalriskconsult.com with "Guest Suggestion" in the subject line. Don't miss this essential conversation for Chief Risk Officers and professionals navigating the world of risk today.
Welcome back to the Fintech Takes podcast. I'm Alex Johnson, and as always, I'm joined by my partner-in-crime, Jason Mikula. Today, we're unpacking the chaos around regulatory shifts, fintech's shifting landscape, and the not-so-rosy reality of BNPL. First up, we're diving into the latest news coming from D.C. The Trump administration is considering consolidating bank supervision under the OCC, with reports of employee transfers from the FDIC and CFPB in the works. The possible gutting of agencies and the shifting regulatory approach isn't exactly a surprise, but we're seeing this transition go from theoretical to action. What's at stake for banks and fintechs? Next, we dive into Varo's challenges as the first fintech to snag a de novo bank charter during fintech 1.0's big promises. Once a leader, Varo is now facing financial losses and a shrinking customer base, while rivals like Chime scale quickly. Varo's struggles highlight the tension between building responsible products for underserved communities and navigating complex regulatory oversight. Its de novo charter has tied its hands, making it harder to compete in a fast-moving market where flexibility is key. The January CFPB report on Buy Now Pay Later (BNPL) brings eye-opening insights. Despite its claim to help those without credit, 45% of BNPL loans go to deep subprime borrowers, not credit newbies. The data also shows users stacking loans across providers, with rising credit card default rates. The takeaway: BNPL's shiny promises don't align with its impact. Plus, we're keeping the BNPL convo going with a rapid-fire round of updates. Finally, we wrap up with a few rants you won't want to miss—like the transparency crisis in financial services and crypto. Powell's vague responses to Synapse's failures highlight a deeper issue: accountability. Meanwhile, crypto's obsession with meme coins is sinking to new lows. Where have all serious players gone? We're diving in. 00:04:50 - Washingtonian Recap 00:26:41 - Varo's Charter Conundrum 00:40:59 - BNPL News, Grab Bag Style 01:07:45 - Can't Let It Go Sign up for Alex's Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/ And for more exclusive insider content, don't forget to check out my YouTube page. Follow Jason: Newsletter: https://fintechbusinessweekly.substack.com/ LinkedIn: https://www.linkedin.com/in/jasonmikula/ Follow Alex: YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos LinkedIn: https://www.linkedin.com/in/alexhjohnson Twitter: https://www.twitter.com/AlexH_Johnson
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Join us on this episode of PaisaVaisa as we sit down with Satish Mehta, founder of Athena CredXpert, to explore his journey from Chartered Accountant to entrepreneur. We delve into India's burgeoning credit card market, discussing its benefits and potential pitfalls. Satish shares his expertise on avenues available for individuals without credit scores seeking loans, the rise of Buy Now Pay Later (BNPL) services, and strategies for managing credit effectively. We also debunk common myths about credit scores and offer guidance for those aiming to improve theirs. For anyone caught in a debt trap, Satish provides actionable advice. Tune in for invaluable insights into India's evolving credit ecosystem. Get in touch with our host Anupam Gupta on social media: Twitter: ( https://twitter.com/b50 ) Instagram: ( https://www.instagram.com/b_50/ ) LinkedIn: (https://www.linkedin.com/in/anupam9gupta/ You can listen to this show and other awesome shows on the IVM Podcasts website at https://www.ivmpodcasts.com/ You can watch the full video episodes of PaisaVaisapodcast on the YouTube channel.Do follow IVM Podcasts on social media. We are @ivmpodcasts on Facebook, Twitter, & Instagram. See omnystudio.com/listener for privacy information.
In recent years, boosted by the changing consumer habits in the wake of the COVID-19 pandemic, the e-commerce sector has experienced an exponential growth. This new environment has created a particularly fertile breeding ground for the rapid emergence of a new consumer financing model that is getting ever more popular, the so-called Buy-Now-Pay-Later (BNPL). By providing customers with the flexibility, to pay for goods purchased online in several interest-free instalments, BNPL has quickly become one of the fastest growing payment methods in many countries around the world. In the coming years, the BNPL market is expected to continue its growth fuelled by the expected increase in the number of customers and transaction volumes as well as the expansion into new markets of the leading BNPL firms. But how is BNPL regulated in the EU and the UK, what are some key developments that entities active in this sector shall be aware of and what lies ahead for this rapidly growing sub-sector of the fintech industry? Find out in our next episode, in which our experts Mila Pencheva (Senior Associate, Financial Services Regulatory, London) and Miroslav Đurić LL.M. (Senior Associate, Financial Services Regulatory, Frankfurt) discuss key regulatory aspects of BNPL from the EU and the UK perspective.
Buy Now Pay Later (BNPL) has been used by 11% of US digital buyers in 2024 according to an e-marketer survey. This year, it's forecasted that there will be 86.5 million BNPL users in the US, nearly a third of the total US population with total BNPL payment volume at 94.29 billion projected this year. That's a 21% increase over 2023.
In this episode of the Canadian Investor Podcast, Braden shares his observations from his recent travels across Europe, focusing on the evolving landscape of investment opportunities and the significant shift in credit card adoption in Spain compared to his last visit. He highlights the dramatic increase in credit card acceptance, noting the ease of transactions even with the smallest vendors. Simon dives into the mechanics of how Buy Now Pay Later (BNPL) companies generate revenue and discusses the intriguing findings from a recent New York Federal Reserve study. The study outlines how the adoption of BNPL services varies significantly between financially fragile and financially stable households, shedding light on consumer behavior and financial health. Wrapping up the episode, they explore the investment philosophy of renowned investor Norbert Lou. They also discuss the breaking news announcement by the US government to potentially reclassify marijuana from a Schedule 1 to a Schedule 3 drug, examining the potential ripple effects this major shift could have on Canadian cannabis stocks. Tickers of stock discussed: WEED.TO, ACB.TO, V, MA, AFRM, PYPL, SQ NY Fed BNPL Study Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon's twitter: @Fiat_Iceberg Braden's twitter: @BradoCapital Dan's Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor Spotify - The Canadian Real Estate Investor Web player - The Canadian Real Estate Investor Sign up for Finchat.io for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.
ShopBack has announced the shutdown of PayLater, its Buy Now Pay Later (BNPL) scheme, marking the latest withdrawal from the BNPL scene in Singapore. Unlike traditional credit card models, BNPL allows consumers to split payments over time, offering convenience and flexibility at the point of sale. However, the road to success is not easy - BNPL players, particularly independent ones, encounter various challenges ranging from high customer acquisition costs to merchant acceptance and regulatory hurdles. Join us in this latest episode as we explore: The complexities of the BNPL landscape; The struggles of BNPL services in the region, from regulations to consumer behavior; Key success factors for BNPL to thrive, particularly in Southeast Asia; Differences between standalone BNPL apps and integrated platforms; Future prospects of BNPL in the region. Featured materials: Buy Now Pay Later in Southeast Asia – “you either die a hero or live long enough to become the villain”, TheLowDown pace | Buy now, pay later (and later)
In this episode, we're diving into news and happenings in the print on demand and e-commerce space that you need to know about right now. Stay tuned until the end because there is some very interesting conversation on things like Buy Now Pay Later (BNPL), A.I. and a major print on demand related company that is closing up shop in 2024
Our expert host, Benjamin Ensor, is joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week. This week's guests include: Salim Dhanani, Co-Founder and CEO at Pave Bank Chantal Swainston, Fintech PR Consultant and Founder of The Heard Daniel Lanyon, Editorial Director at AltFi We cover the following stories from the fintech and financial services space: HSBC launch multi-currency money transfer app Zing Pave Bank comes out of stealth and confirms $5m of funding The UK and Switzerland agree a 'first of its kind' financial services agreement Blackstone buys a majority stake in Sony Payment Services Over a quarter of Buy Now Pay Later (BNPL) users miss payements HSBC sell its French retail banking business to CCF The UK's tax collector, HMRC, are clamping down on side hustles Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services. Our expert hosts, with real industry experience, are joined by the biggest decision-makers, VCs, and reporters from across financial services including guests from Visa, Nubank, M-Pesa, Techcrunch, Starling, and JP Morgan Chase to discuss the latest news, developments, and trends within the industry. Our weekly news show drops every Monday and tackles the biggest news stories, from acquisitions and launches, to regulatory changes and innovation. Then, every Friday our Insights show dives deeper into the hottest topics shaping the industry like web3 and BNPL. Whether you're already immersed in the world of financial services, or just keen to learn more, this is the #1 podcast for you. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email podcasts@11fs.com! Special Guests: Chantal Swainston, Daniel Lanyon, and Salim Dhanani.
A comprehensive BNPL vs credit cards comparison, so you know the differences and decide what’s right for you. Show notes and transcript at Buy Now Pay Later BNPL vs Credit Cards: A Simple Comparison for Kids & Beginners A comprehensive BNPL vs credit cards comparison, so you know the differences and decide what’s right for ... Read More
The Chinese company Alipay+, who specialise in cross-border mobile payments through their digital platform, have just declared a December campaign to promote sustainable cross-border travel. There are a number of opportunities offered to users of five leading e-wallets in Asia, including Alipay (the Chinese mainland), AlipayHK (Hong Kong SAR, China), Touch 'n Go eWallet by TNG Digital (Malaysia), GCash (the Philippines), and TrueMoney (Thailand). This is the latest offering from Alipay+, who are a spin out from Ant International. Alipay+ and Partner E-Wallets aim for Sustainable Travel This current campaign, runs until December 31. It is first offered for the following locations Hong Kong SAR, Macao SAR, Japan, South Korea, Singapore, Malaysia and Thailand. Participants can access many special offers from a range of companies including ComfortDelGro Taxi, Daimaru Matsuzakaya, Galaxy Macau, King Power, and Lotte Duty Free. There are also other smaller companies such as Durian BB in Malaysia and IJOOZ in Singapore. Promoting sustainable and responsible tourism Ant International and Alipay+ are hoping to deliver an ESG program closely aligned with the UN Sustainable Development Goals (SDGs). This program has special offers to encourage sustainable travel behaviour. Free overseas mobile data packages, in-app discounts, opportunities for rebates. Digital payments are rewarded over cash, public transport, and visiting diverse locations to support local cultures. Overall 220 leading merchants in Shenzhen, south China's Guangdong province joined the campaign to attract AlipayHK and mPay users with various discount packages. This year alone more than 3 million merchants in China, closed their first international transactions on Alipay+. "Our year-end campaign is not just about travel; it's about making a positive impact. By collaborating with partners who share our commitment to sustainability, we are offering travelers the chance to explore the world responsibly." Dr Cherry Huang, General Manager of Alipay+ Offline Merchant Services, Ant International Digital payment increases international tourism revenue to local SMEs. In 2023, while Alipay expanded cooperation with major international card organizations to facilitate foreign cardholders visiting China, Alipay+ brought 10 Asian e-wallets and banking apps into the Chinese mainland to serve their travelling users, a landmark in international expansion of these leading payment methods. To monitor the ESG impact of the campaign, Alipay+ will collaborate with the Chinese University of Hong Kong (CUHK), and an advisory group consisting of experts from Tsinghua University, Hong Kong University, University of Geneva University and the Northwestern University to measure travelers' carbon footprint reduction, the impact on local businesses, culture and communities, as well as the impact on business best practices in the ecosystem. Bruce Zhang, CEO of IJOOZ, a juice vending machine provider in Singapore said, "Every year, IJOOZ generates huge amounts of orange pulps and peels. We recycle orange waste, turning them into valuable resources for making new products. We are happy to join hands with Alipay+ to promote sustainable travel among global tourists visiting Singapore." Alipay+ in 2023: A Year of Expanded Growth and Partnerships Since its launch in 2020, Alipay+, a suite of cross-border payment and marketing solutions, has expanded to connect over 88 million merchants in 57 markets to 1.5 billion payment accounts of over 25 digital wallets, banking apps and Buy Now Pay Later (BNPL) apps. In the second half of 2023, Alipay+ recorded an estimated 30% increase in total payment volume (TPV) compared to the first six months, and over 70% increase in daily average transactions (DAT). Excluding Alipay, the TPV and DAT of cross-border payments of the rest of Alipay+ partner wallets increased by some 280% and 230% respectively in the second half of 2023. In terms of transaction volume in 2023, Al...
In this episode of "Retail Daily Minute," we bring you the latest headlines shaping the retail landscape. First, explore the future of retail with UAE's telecommunications giant, Etisalat, as they launch their first fully autonomous store in Dubai, redefining the shopping experience with cutting-edge technology. Then, dive into the numbers as Black Friday smashes online sales records, hitting $9.8 billion in revenue, with a surge in electronics and Buy Now Pay Later (BNPL) payment methods. Discover what's driving holiday spending and what's in store for the rest of the season. Stay informed with the latest retail insights!
Jo Owens and Alexandra Byard provide a weekly wrap of current awareness across the UK consumer finance area. They discuss the Financial Conduct Authority's approach to Buy Now Pay Later (BNPL) and the Consumer Duty, the EU Consumer Credit Directive (CCDII), and more.
The Buy Now Pay Later (BNPL) credit facility continues to be one of the most successful economic trends of recent times. BNPL refers to a transaction system in which customers can buy their needed products from a seller without having to pay for them upfront. A short-term financing alternative with no-cost EMIs, this facility has mainly catered to a business-to-customer transaction model.
Welcome to another episode of Own Your Commerce Podcast! In this episode, we're diving into the world of Buy Now Pay Later (BNPL) services, with a special focus on FuturePay - a revolving credit platform that helps online merchants lower customer acquisition costs and increase repeat business. Our guest, Tim Harris, Co-founder of FuturePay, shares valuable insights on how the platform works, its advantages over traditional credit cards and BNPL services, and how merchants can integrate it into their checkout process. Some of the topics we discuss are: Understanding FuturePay: Tim will share the background of FuturePay, benefits of MyTab, its need for it in the market and how it has evolved. Differences and Highlights: What's the difference between FuturePay, BNPL, and credit cards and what value each brings to shoppers and merchants. Take a look into the Future: Get a sneak peek into the future of FuturePay and what's in store for its innovative payment method. So, if you're an online merchant looking to improve your checkout process and attract more customers, this episode is a must-listen! Join us as we explore the world of BNPL services and discover how FuturePay can help you take your business to the next level. SPECIAL BOLD MERCHANT OFFER - Sign up before 4/13/2023 and get 0% merchant fees for 3 months after signup. Click here ➡️ https://bit.ly/40nFv2P
Stay connected with The Lending Link! Subscribe and follow our listening and social platforms, plus access exclusive GDS Link offerings here: https://linktr.ee/thelendinglink On this episode of The Lending Link, we delve into the rapidly growing world of Buy Now Pay Later (BNPL) services. With the BNPL market expected to reach a staggering $467.34 billion by 2026, this innovative payment option is changing the way consumers approach shopping and financial management. Our guest, Liz Pagel, SVP and Consumer Lending Business Leader at TransUnion, shares her passion for BNPL, how it may further financial inclusion, and the challenges of accurately defining it in credit reporting. Rich and Liz also provide valuable insights into the current state of BNPL lending and the efforts being made to improve the industry, including: • Overcoming BNPL challenges, such as updating infrastructures and educating lenders on dispute handling • The evolution of underwriting in the BNPL space and the move towards traditional methods, using dynamic credit models and fraud checks • The role of open-banking data in BNPL credit reporting • Promoting women in management roles within the FinTech space and the industry's progress in promoting women into senior-level positions Don't miss out on this informative discussion on the future of BNPL services. Tune in now! Show Notes In this episode, we take a deep dive into the world of Buy Now Pay Later (BNPL). Access the resources below to learn more about this topic:
Tele van még aknákkal az EU-s pénzekhez vezető út 444.hu 2023-02-11 07:01:43 Külföld Belgium Brüsszel Korrupció A politikailag érzékeny korrupcióellenes intézkedéseken túl is sok teendője van a kormánynak, ha minden brüsszeli eurót le akar hívni. Belenéztünk a fejlesztési programok dokumentációjába, és kiderült, hogy egy csomó tanulmány, elemzés, szabályozás és értékelési rendszer nincs még készen. A diófélék fogyasztása fokozhatja a szerotoninszintet, és szív- és érrendszeri előnyökkel is járhat Magyar Mezőgazdaság 2023-02-11 05:07:00 Gazdaság Mezőgazdaság Fogyasztás Egy új tanulmány szerint a diófélék csökkenthetik a szív- és érrendszeri betegségek bizonyos kockázati tényezőit az L-triptofán, egy aminosav anyagcseréjének módosítása révén. Egy vizsgálatban azok a túlsúlyos emberek, akik egy súlyfenntartó program részeként dióféléket nassoltak, megnövekedett szerotoninszintet tapasztaltak. Rengeteg magyar tévhitben él az öröklés kapcsán: nem a végrendelet az egyetlen mód Pénzcentrum 2023-02-11 06:57:00 Gazdaság Több módja is van annak, hogy jelentősebb vagyont hagyjon valaki egy általa kijelölt kedvezményezettre közvetlenül, nem csak a végrendelkezés. Ilyen módon az elhunyt megtakarításai nem is képezik a hagyaték részét, akár adó- és illetékmentes módon szállhatnak át az örökösre. A Pénzcentrum összegyűjtötte, milyen esetben lehetséges így örökölni, ille Az Északi Áramlat felrobbantása: amerikai tényfeltáró cikk Infostart 2023-02-11 06:00:00 Külföld USA Joe Biden Északi Áramlat Joe Biden adta ki az utasítást az Északi Áramlat 2 felrobbantására, írta tényfeltáró cikkében Seymour Hersh, az egyik legelismertebb amerikai újságíró. Az írást az Origo szemlézi. Mit tanuljon ma egy fiatal? Ki volt John Deere? Létezik autonóm fűnyíró traktor? Agroinform 2023-02-11 06:36:00 Mezőgazdaság Ezekről és sok más érdekességről is olvashatsz az Agroinform.hu heti gépészeti összefoglalójában. Hódít a BNPL a megélhetési válság közepette Fintech 2023-02-11 04:16:00 Modern Gazdaság Válság Adobe Az Adobe Analytics kutatása szerint a brit fogyasztók körében a Buy Now Pay Later (BNPL) használata egyre népszerűbb. Az eddigieknél is nagyobb adóskockázatot jelző szintre minősítette vissza Ukrajnát a Moody's HírTV 2023-02-11 06:47:00 Gazdaság Ukrajna Államadósság Az eddigieknél is nagyobb adóskockázatot jelző szintre minősítette vissza Ukrajnát a Moody's Investors Service, elsősorban azzal a véleményével indokolva a lépést, hogy az Ukrajna elleni orosz invázió elhúzódásával növekszenek az ukrán államadósság-helyzet fenntarthatóságát terhelő kockázatok. Az ember, akit már életében fel akartak ravatalozni Magyar Hírlap 2023-02-11 07:10:00 Külföld Terrortámadás A dublőrsztori ötlete valószínűleg a szovjet időkbe gyökeredzik, amikor Sztálint egy merénylettől való félelme miatt egyik hasonmásával pótolták. Noémi, aki egyedül járja körbe a világot: "Önbizalmat ad a szóló utazás" Startlap Utazás 2023-02-11 06:03:48 Utazás Életmód Noémi 43 országban járt már, nagyrészt egyedül. Nem azért, mert nincs kivel utaznia, egyszerűen csak úgy érzi: szólóban egész más mélységeiben képes felfedezni a világot. Autóbemutatót tart ma az AlphaTauri F1-es csapata F1világ 2023-02-11 07:00:00 Forma1 New York Ma tartja 2023-as autóbemutatóját az AlphaTauri Forma-1-es csapata. A faenzai istálló egészen New Yorkig repült, a prezentáción viszont feltehetően csak az idei fényezésről hull le a lepel. Nagyítóval kell keresni a nyugdíjemelés összegét a pénztárcákban napi.hu 2023-02-11 06:13:00 Belföld Élelmiszer Felmérés Nyugdíj A magyar nyugdíjasok harmada 15 ezer forintnál is kisebb összegű nyugdíjemelést kapott januárban, ez derül ki a Pulzus Kutató Napi.hu-nak készített felméréséből. Az idősek válaszaiból arra is fény derült, hogy az emelt járandóságokat majdnem teljes egészségben elviszi a rezsiárak emelkedése, valamint a boltokban tapasztalható élelmiszer-drágulás. Huszti Szabolcsnak nagyon rossz érzései vannak Magyar Nemzet 2023-02-11 07:35:13 Foci Fejér Székesfehérvár MOL Mezőkövesd Huszti Szabolcs Az idén még nyeretlen Mol Fehérvár edzője a Mezőkövesd elleni 2-1-es vereség után értékelt. Sikeresen kezdte golfozói pályafutását Gareth Bale Büntető.com 2023-02-11 05:21:26 Foci Bajnokok Ligája Gareth Bale Mint ismeretes, a 111-szeres walesi válogatott játékos az év elején bejelentette, hogy befejezi profi labdarúgó-karrierjét. Az egykori középpályás egy sikerekben gazdag időszakot zárt le – ötszörös Bajnokok Ligája-győztesnek is mondhatja magát. Viszont azután, hogy szögre akasztotta a stoplist, már több ideje van a másik szenvedélyére, a golfra. Enyhülés veszi kezdetét Kiderül 2023-02-11 05:19:42 Időjárás Hétvége Enyhe léghullámok érik el hazánk területét a következő napokban, több fokot melegszik az idő és az éjszakai fagy is veszít intenzitásából. Változékonyabb idő érkezik a hétvégére, de a szabadtéri programokat nem zavarja az időjárás.
Tele van még aknákkal az EU-s pénzekhez vezető út 444.hu 2023-02-11 07:01:43 Külföld Belgium Brüsszel Korrupció A politikailag érzékeny korrupcióellenes intézkedéseken túl is sok teendője van a kormánynak, ha minden brüsszeli eurót le akar hívni. Belenéztünk a fejlesztési programok dokumentációjába, és kiderült, hogy egy csomó tanulmány, elemzés, szabályozás és értékelési rendszer nincs még készen. A diófélék fogyasztása fokozhatja a szerotoninszintet, és szív- és érrendszeri előnyökkel is járhat Magyar Mezőgazdaság 2023-02-11 05:07:00 Gazdaság Mezőgazdaság Fogyasztás Egy új tanulmány szerint a diófélék csökkenthetik a szív- és érrendszeri betegségek bizonyos kockázati tényezőit az L-triptofán, egy aminosav anyagcseréjének módosítása révén. Egy vizsgálatban azok a túlsúlyos emberek, akik egy súlyfenntartó program részeként dióféléket nassoltak, megnövekedett szerotoninszintet tapasztaltak. Rengeteg magyar tévhitben él az öröklés kapcsán: nem a végrendelet az egyetlen mód Pénzcentrum 2023-02-11 06:57:00 Gazdaság Több módja is van annak, hogy jelentősebb vagyont hagyjon valaki egy általa kijelölt kedvezményezettre közvetlenül, nem csak a végrendelkezés. Ilyen módon az elhunyt megtakarításai nem is képezik a hagyaték részét, akár adó- és illetékmentes módon szállhatnak át az örökösre. A Pénzcentrum összegyűjtötte, milyen esetben lehetséges így örökölni, ille Az Északi Áramlat felrobbantása: amerikai tényfeltáró cikk Infostart 2023-02-11 06:00:00 Külföld USA Joe Biden Északi Áramlat Joe Biden adta ki az utasítást az Északi Áramlat 2 felrobbantására, írta tényfeltáró cikkében Seymour Hersh, az egyik legelismertebb amerikai újságíró. Az írást az Origo szemlézi. Mit tanuljon ma egy fiatal? Ki volt John Deere? Létezik autonóm fűnyíró traktor? Agroinform 2023-02-11 06:36:00 Mezőgazdaság Ezekről és sok más érdekességről is olvashatsz az Agroinform.hu heti gépészeti összefoglalójában. Hódít a BNPL a megélhetési válság közepette Fintech 2023-02-11 04:16:00 Modern Gazdaság Válság Adobe Az Adobe Analytics kutatása szerint a brit fogyasztók körében a Buy Now Pay Later (BNPL) használata egyre népszerűbb. Az eddigieknél is nagyobb adóskockázatot jelző szintre minősítette vissza Ukrajnát a Moody's HírTV 2023-02-11 06:47:00 Gazdaság Ukrajna Államadósság Az eddigieknél is nagyobb adóskockázatot jelző szintre minősítette vissza Ukrajnát a Moody's Investors Service, elsősorban azzal a véleményével indokolva a lépést, hogy az Ukrajna elleni orosz invázió elhúzódásával növekszenek az ukrán államadósság-helyzet fenntarthatóságát terhelő kockázatok. Az ember, akit már életében fel akartak ravatalozni Magyar Hírlap 2023-02-11 07:10:00 Külföld Terrortámadás A dublőrsztori ötlete valószínűleg a szovjet időkbe gyökeredzik, amikor Sztálint egy merénylettől való félelme miatt egyik hasonmásával pótolták. Noémi, aki egyedül járja körbe a világot: "Önbizalmat ad a szóló utazás" Startlap Utazás 2023-02-11 06:03:48 Utazás Életmód Noémi 43 országban járt már, nagyrészt egyedül. Nem azért, mert nincs kivel utaznia, egyszerűen csak úgy érzi: szólóban egész más mélységeiben képes felfedezni a világot. Autóbemutatót tart ma az AlphaTauri F1-es csapata F1világ 2023-02-11 07:00:00 Forma1 New York Ma tartja 2023-as autóbemutatóját az AlphaTauri Forma-1-es csapata. A faenzai istálló egészen New Yorkig repült, a prezentáción viszont feltehetően csak az idei fényezésről hull le a lepel. Nagyítóval kell keresni a nyugdíjemelés összegét a pénztárcákban napi.hu 2023-02-11 06:13:00 Belföld Élelmiszer Felmérés Nyugdíj A magyar nyugdíjasok harmada 15 ezer forintnál is kisebb összegű nyugdíjemelést kapott januárban, ez derül ki a Pulzus Kutató Napi.hu-nak készített felméréséből. Az idősek válaszaiból arra is fény derült, hogy az emelt járandóságokat majdnem teljes egészségben elviszi a rezsiárak emelkedése, valamint a boltokban tapasztalható élelmiszer-drágulás. Huszti Szabolcsnak nagyon rossz érzései vannak Magyar Nemzet 2023-02-11 07:35:13 Foci Fejér Székesfehérvár MOL Mezőkövesd Huszti Szabolcs Az idén még nyeretlen Mol Fehérvár edzője a Mezőkövesd elleni 2-1-es vereség után értékelt. Sikeresen kezdte golfozói pályafutását Gareth Bale Büntető.com 2023-02-11 05:21:26 Foci Bajnokok Ligája Gareth Bale Mint ismeretes, a 111-szeres walesi válogatott játékos az év elején bejelentette, hogy befejezi profi labdarúgó-karrierjét. Az egykori középpályás egy sikerekben gazdag időszakot zárt le – ötszörös Bajnokok Ligája-győztesnek is mondhatja magát. Viszont azután, hogy szögre akasztotta a stoplist, már több ideje van a másik szenvedélyére, a golfra. Enyhülés veszi kezdetét Kiderül 2023-02-11 05:19:42 Időjárás Hétvége Enyhe léghullámok érik el hazánk területét a következő napokban, több fokot melegszik az idő és az éjszakai fagy is veszít intenzitásából. Változékonyabb idő érkezik a hétvégére, de a szabadtéri programokat nem zavarja az időjárás.
There were many headlines in 2022 and Buy- Now-Pay-Later (BNPL) definitely made it to the top of the pile earlier in the year with BNPL provider Klarna's valuations being slashed by a whopping 85%, which was a reflection of market sentiment surrounding BNPL lenders at the time. But as we enter a new year, what are the challenges facing BNPL lenders and are there green shoots of optimism that the market will flourish again? I recently had a conversation with Corrine Lleti, EMEA Sales Director, at Provenir to gain insights into where next for BNPL. Want to dig deeper? And explore the insights shared by Corrine?
Global Policy Watch #1: FinTech ManoeuvresInsights on global issues relevant to India— RSJOne of our favourite topics to talk about around here is regulations. We aren't dogmatic about things. But the one principle that comes close to being a dogma for us is our belief in spontaneous order. The world is a complex interplay of many economic and social networks. Don't try to force an order on it. Let the spontaneous, uncoordinated actions of the millions run their course. Some order will emerge from it. There might be occasional ‘disorder' but inbuilt into such systems is an autocorrecting mechanism which will kick in. This is better than some powerful entity (like the State) trying to force order because it thinks it knows best. No one really can be a Laplace's demon. The top-down forcing of an order will make things worse. That said, we aren't libertarians by any stretch. The State must intervene when there's a market failure. And more than any other sector, I believe financial services need regulation because of two obvious market failures endemic to them. One, there's a serious information asymmetry between the supplier of these products and services, and their customers. The products get more complex over time as suppliers look for additional arbitrage to make higher income, and customers can only understand so much of what's often non-intuitive. I mean, compounding as a concept is a leap for most people; figuring out more complex instruments ain't going to be easy. Two, the market power and dominance gets built up really fast in this sector. With it comes the risk of a contagion or the spectre of ‘too big to fail'. All of these leads to misallocating of capital that's worse than most state interventions. So, I tend to look at financial regulations somewhat more benignly than, say, regulating cattle transportation. Having got that preamble out of the way, here's a news item that many of you might have seen last week:“The founder of the world's second-largest cryptocurrency exchange, FTX, has apologised for his company's near-collapse this week, saying he “fucked up” in his calculations and in his communications during the crisis.Due to “poor internal labelling of bank-related accounts”, he said he “was substantially off” in his calculations of the sums that the exchange had lent out to users to let them make leveraged bets – borrowing money to trade with, magnifying potential gains and losses…The sudden collapse in value was prompted by leaked documents which implied that Alameda Research, a hedge fund tightly intertwined with FTX through its common owner, Bankman-Fried, was, in effect, insolvent….The leaks about Alameda turned into a crisis for FTX when Binance, the largest cryptocurrency exchange, announced it would sell its own major stake in FTX. The fire sale that followed crashed the token's value far below the $22 floor that FTX had committed to support and prompted the equivalent of a bank run at FTX itself as customers raced to withdraw their deposits faster than the exchange could process them.”It wouldn't be out of place to say there's a lot to unpack there. But is there really? I have held a general theory about fintechs for a while. There are three sources of value in fintechs as I have seen them. One, they build slick, frictionless journeys that make buying financial products easier and more intuitive. Traditional players either don't think this way or their legacy systems just don't allow them to create such convenience. This focus on customer journey is good and somewhat sustainable in sectors where customers value speed and efficiency over risk management. Now ‘friction' isn't great in most cases but it has a few benefits. It slows things for you to pause and reconsider. In financial services, some friction is necessary to protect the customer. Not all of them have the ability to manage speed and the attendant risks that come with such lack of fiction. Anyway, frictionless works in sectors that have savvy customers. The best examples of such disruption have been new-age retail brokers like Robinhood, or closer home, Zerodha. There isn't a lot more there in terms of product innovation or better management of risk that are traditional sources of value. It is all about convenience. Of course, such simplification and gamification - like, animated confetti floating all around when you make an options trade - runs the risk of drawing customers who don't have the financial nous or the appetite for such risky products. And those accidents happen. But you could still argue there's some tangible value fintechs have created in forcing everyone to rethink customer journeys in the industry. Is that sustainable, and does it warrant a huge valuation? Not quite. But at least you've got a real reason for customers coming to you. The second source of value - risk arbitrage - is of a more dubious kind. Traditional finance is built like it wants to reject customers. You must know your customers well, assess their risk profile, check for the suitability of the product and then offer them your product. At least, that's what is expected. And for the risk appetite you decide on, the regulator will ask you to maintain capital so that you don't ever have to turn your pockets inside out, tilt your head to the side and tell your customers you have no money. If you slack off on this, you might get away for a short while, but the chickens come home to roost fairly quickly. You have stringent disclosure norms, so there's nowhere to hide when things go wrong. This means traditional finance does the equivalent of an airport strip search for every customer while taking them on. Sure it inconveniences 99.99999% of the customers but there's no point taking that infinitesimally small risk by going around and trying to avoid it. Now, this isn't exactly how most fintech models operate. There's greater value in getting truckloads of customers in really fast, offering them discounts because no one is asking you to make profits and creating a Bezos-like ‘flywheel'. This model militates against prudent risk management practices. The many lending apps that promise loans in seconds, the entire Buy Now Pay Later (BNPL) craze that swept through in the last few years and the many variants of such models are good examples of this mindless model. The only good news is that such models are up against fundamental economic sense. The risk starts to bite soon, and there's nowhere to hide. The dismal performance of such fintechs once they've gone public should surprise no one. The only way out is by going back to the harsh reality of doing business in finance - manage your risk. And that brings us to the third, perhaps the rarest, source of value among fintechs - product innovation. This is rare because of two reasons. Firstly, traditional finance is innovative enough. This might seem surprising, but I guess a charge that's laid on banks is that in the last thirty years they've innovated too much. It led to what's often called the financialisation of the economy. In fact, one of the lessons from the global financial crisis (GFC) for the regulators was to clamp down on innovation to reduce the possibility of toxic products. So, there's not been any dearth of innovative thinking in traditional finance. Secondly, real product innovation is hard work. It requires deep knowledge of the domain and an understanding of the customer to arrive at one. Now, there aren't more than a handful of fintech models that truly qualify as innovative, or to apply that much-abused term, disruptive. And if we have true product disruption, then there will be an information asymmetry-driven market failure deeper than usual. I mean if people don't understand the run-of-the-mill financial products well now, what are the odds they will appreciate a real disruption? What this means is that ‘disruptive' regulations will have to be applied to address the disruptive model in play. Importantly, the timing has to be right. Apply them too early, and you won't have the disruption that's useful in the long run. Go too easy on them, and you might create a beast that will be difficult to tame when things go wrong. Crypto(currency) is a real product disruption by this definition. We have covered it in a few previous editions (here, here, and here). The promise of a decentralised monetary system that isn't ‘repressed' by central banks worldwide has its own appeal. Not to me, but there are all kinds of people in this world. And FTX was (as I write this I hear it has filed for bankruptcy) a fine example of the possibilities of this disruption. It was the second-largest crypto exchange in the world. You could open an account with it and transfer some money to it to buy any bitcoin. And they would hold it for you. When you want to liquidate the bitcoin for money, they will do so. They will charge you a small transaction fee for their troubles. That's it. Not much of a business model till you start complicating things. Bitcoin isn't exactly a stable asset. Its price fluctuates quite wildly. Now to some, this is a problem, but to people in financial services, this is an opportunity. So FTX started offering other services. You could borrow money from them to buy more bitcoins, or they could offer you bitcoins for money if that's what you wanted (maybe you wanted to short bitcoins). Soon, it was no longer just an exchange or securities brokerage business. It was doing (margin) lending and taking risks on its books. It also started issuing tokens (think of it as its own kind of currency) that it offered to people to lend against. One of the things about finance is that there's no real product that's shipped from factories. People can make up products on the fly if they spot an opportunity to arbitrage time or risk appetites. So things get out of hand in terms of complexity soon. With FTX that's what happened. You are lending and borrowing across time and risk horizons and you don't know whether you can have your assets and liabilities match over the medium term in all likely scenarios. This can get messy in a traditional bank with all the bells and whistles of risk management and treasury teams monitoring this daily. In a fintech start-up that has some opaque tech platform with limited supervision and scenarios planned, it can be quite catastrophic. In FTX's case, they had the added complexity of having their own tokens, which they were accepting as collaterals against loans. So FTX had loaned a load of its customer assets to another of its company (Alameda) in return for its own tokens. The value of the tokens was based on FTX's value. But FTX was also sitting on a load of them as collaterals. If the value of the tokens fell, FTX would be impacted because it held a lot of them. If FTX got impacted, the tokens would fall further because that's what the intrinsic value of the token was. If you are a token owner worried about the token crashing, you would take out your money asap. And if everyone thought like you, as they will, you will have a run on the bank (or the exchange). It was tailor-made for a death spiral. All it needed was a spark which was provided by its friendly rival Binance who tweeted one fine day about what it thought of FTX's tokens. FTX, which was valued at $ 32 billion about a month back has filed for bankruptcy. Its investors (like PE giant Sequoia) have marked their investment value down to zero. Some customers will almost lose all their money here. There are counterparties involved, so we will know the full extent of its collapse after a while. The details that have emerged since about how FTX was governed are hilarious. There's no other way to put it. There were only three members on its board. Two executives, including the founder and a lawyer based in a tax haven. No equity investor had a presence there. There was hardly an Asset-Liability Management (ALM) committee or a model. The founder's partner ran the finance function. The whole thing ran on the back of an engineering team that built the platform with hardly any supervision on what was coded. The founder tweeted that there may have been a ‘labelling' error in one of its fields and that could've led people to believe it had a liquidity problem. I used to make such excuses for MS Excel errors at the turn of the millennium when I was wet behind the ears analyst working for peanuts. For all the talk of software eating the world and decentralised platforms disrupting governments, it would be good to begin by acknowledging that the generations that have gone before us building what they built were no fools. In financial services, regulations are often a feature, not a bug. Thinking people don't get it because they don't understand disruption has no basis. It is hubris, and that leads to a fall. That's the only lesson of history. India Policy Watch: Don't Choke Cheap Chips from ChinaInsights on domestic policy issues— Pranay KotasthaneA lot has been said about India's dependence on chip imports. Especially on chips coming from our long-term strategic adversary, China. And yet, I haven't come across an analysis to understand the composition, size, and trends in this particular item of trade. So, I decided to investigate it further using the Department of Commerce's Trade Statistics portal. Chips (or Integrated Circuits) are India's eighth-biggest import item by value. Energy imports — petroleum, petroleum gas, and coal rank above it. So do gold and diamond. The other items we import more than chips are products made using them — computers (including laptops, desktops, printers. etc.) and telephones (including mobiles, modems, etc.). Now, let's look at the chip imports from China. Considering PRC and Hong Kong as one political unit, India imports 64% of its ICs by value from China. Over the last five years, imports from PRC have increased seven-fold. Check this chart below to see the various kinds of ICs that come to India from China.While this chart may look alarming, it can be misleading in many ways. One, the absolute increase in chip imports from China follows the overall trend of increasing chip imports to India. Total chip imports to India have also increased sevenfold over the last five years. India is importing many more chips from all countries, including China. And this is a good thing. It's positive because it indicates that a lot more electronic device assembly is happening in India. A country will import chips — not finished electronic goods — in large quantities, only if it has a downstream domestic equipment manufacturing ecosystem. As even more Samsung, Apple, or Redmi devices get assembled in India, we should expect chip imports to India to rise for at least another decade in the best-case scenario, by which time we could have a semblance of chip manufacturing done here. Two, chips imported from China are not necessarily Chinese chips. For one, it is likely that they are just assembled in China. Chip assembly is a labour-intensive process that is outsourced to other companies. China is a much bigger player in outsourced assembly and packaging of chips, than in fabrication. So, it's quite likely that a die (an unpackaged chip) travels from Taiwan or Japan to China, gets packaged and finds its way into India. Secondly, even when chips are fabricated and packaged within China, a portion of it is done by foreign companies with facilities in China (such as Samsung, UMC, SK Hynix, etc.).And three, its a fool's errand to think we will ever be in a situation when no chips are imported. If India's own chip assembly and packaging takes off, import of unpackaged chips will rise substantially. ICs are in fact the biggest import category by value even for Taiwan, the semiconductor superpower. It's a folly to look at the entire semiconductor supply chain through a “national security first” lens. Cross-border movements of chips are desirable and inevitable. To mitigate risks, what can be done is to diversify the source of India's chip imports. And this is where the US export controls on China might have some effect. Though these export controls target only specific high-end chips, Chinese fabs will increasingly be pressed into meeting its domestic demands. Moreover, the confusion over further decoupling means that equipment makers will look at a China-free supply chain. So, a significant portion of our chips are indeed imported from China. And yes, importing cheap chips from China is alright. Applications for the re-awesomed Post-Graduate Programme in Public Policy are now open. Check details here.Global Policy Watch #2: Seasonal Bird MigrationsInsights on global issues relevant to India— Pranay KotasthaneExactly three years ago, I created an account on Mastodon, a decentralised social media platform that aimed to challenge Twitter. But the network effect pull of Twitter was just too strong though. I didn't post a word on Mastodon, and as usual, forgot my login password. But with the new Twitter boss taking sudden—and some inexplicable—decisions, another round of en-masse flight to Mastodon has begun. The 2019 en masse migration was India-centred, after Twitter blocked the account of a well-known Supreme Court lawyer. This time however, the migrants are from across the world. It's the kind of natural experiment that social scientists turn into papers and books. I'm trying to be more active this time around, and observing how this new digital community takes shape. Having spent a few days, here's what I have noticed.One, the importance of the “other” doesn't disappear. Most of the posts in my corner of Mastodon are self-referential. They are criticisms of Twitter and Elon Musk, and explanations for why Mastodon is better. Many early movers detest Big Tech, Capitalism, and such like; some are in love with “-isms” from the left-liberal political network. Beyond a point, the utility of Twitter as the “other” will decline, and I wonder what would it be replaced by. Finding the “other” is a core aspect of human behaviour. While the federated nature of the platform allows people to block people or communities (servers) easily to prevent confrontations between two ideologically distinct communities, I doubt it is powerful enough to overcome human desire for dissing an out-group to build in-group solidarity. Two, if this is Web3, it feels a lot like Web1. This is a Web3 avataar minus the blockchain, bitcoin, and virtual reality. Not everyone across the world is in one town square. You need to know the coordinates of another person to be able to talk to them. In essence, it's a lot like Web1. Many old-time internet citizens are celebrating this freedom from the powerful intermediary-controlled Web2. However, most users who were born into the Web2 might find this retro version inexplicable. For that generation, open social media platforms were never about “healthy discussions”, as the Web1 folks like to remind. Open social media was always something more instrumental—for a job, to access instant news, or to build an online persona. For discussions with friends, people used encrypted peer-to-peer platforms. So, it will be interesting to see how this generation of people finds a platform where non-virality is a feature and not a bug. Three, there's a large-numbers paradox at play. The initial few days on it have been quite good in this respect — the users seem to be warm, friendly, and welcoming. As long as it remains a small, elite group of people with similar worldviews, it might survive. But if it does get popular, and more people from various ideologies and with differing motivations join in, it is could again become just as vicious yet attractive medium like Twitter. While the architecture is aimed at preventing the slide into another big, loud, and heated forum, human predilections are the biggest bottleneck. In any case, I'm going to observe this new experiment for some more weeks at the very least. I'm on Mastodon at pranaykotas@mastodon.social. Connect with me there if you are in another corner of the fediverse. Let's see how far this experiment takes us. HomeWorkReading and listening recommendations on public policy matters* [Book] The Aeroplane and the Making of Modern India by historian Aashique Ahmed Iqbal explores the link between technology and sovereignty. * [Podcast] Michael Munger and Ross Roberts discuss a topic that's on all governments' mind - Industrial Policy - on EconTalk. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit publicpolicy.substack.com
The government is working on enacting a Consumer Credit Act to provide better protection for credit consumers, including the growing number of Buy Now Pay Later (BNPL) customers. How are industry players engaging with authorities as the regulations take shape? We get an overview of how the BNPL industry is developing from Arvin Singh of hoolah, now known as ShopBack PayLater.Image credit: Shutterstock
Join Paul Davis, Director of Market Intelligence at Strategic Resource Management (SRM) in a discussion about Buy-Now-Pay-Later (BNPL) products and why exploring options to provide a BNPL product may be right for you and your members. Key Takeaways: Discover the basics of BNPL and the current market for these products Explore the risks and benefits of BNPL products Examine why credit unions should consider developing a BNPL product Paul Davis is Director of Market Intelligence at Strategic Resource Management, an advisory firm in Memphis. Paul has more than 20 years of experience covering the financial services industry. His background includes SNL Financial, where he was the news director and senior bank reporter, and American Banker, where he spent 11 years as editor of community banking. Paul formed American Banker’s CEO advisory board and developed a comprehensive social media platform for the Wake Forest University Schools of Business while earning his MBA. Paul has been featured as a speaker at the Federal Reserve, the American Bankers Association and FIS Global, and he has been regularly quoted by Investors Business Daily, NBC and NPR’s Planet Money regarding industry trends.
When a company can bring flexibility to another business, it can be a recipe for success. And a win-win for both parties. Afterpay, a Bold partner, has established a sterling reputation among its merchants for layering a flexible payment structure for shoppers, known in the industry as Buy-Now-Pay-Later (BNPL). How does BNPL work? When a consumer visits a retailer that has partnered with a BNPL service such as Afterpay, they have the option at checkout to divide the cost of their purchase into four interest-free installment payments. As a Lightspeed report noted, “Online shoppers are coming to expect an option to buy now and pay later everywhere they shop online.” Based in Australia, Afterpay is offered by nearly 100,000 of the world's favorite retailers (American Eagle, Bed Bath & Beyond, Ray-Ban, etc) and has nearly 20 million customers in North America alone. Giving customers alternative payment options can endear shoppers to brands. “Afterpay is a clear win for merchants, as they can offer their customers payment flexibility without requiring them to enter into a traditional loan or pay interest,” says Sarah Clansky, Director of Channel Partnerships at Afterpay. “Our merchant partners receive the full amount of each purchase upfront, and we take on the full risk of repayment. For brands and retailers, this leads to many business benefits such as increased conversion rates and sales, new customers, lower return rates, and higher average order values and basket size.” Afterpay has no interest. There are also no fees if payment installments are paid on time. Driving growth for brands is at the heart of what Afterpay does. An Accenture report found that merchants using Afterpay gained $4.5 billion in net benefits in 2021, including almost $1.2 billion in net benefits for SMBs. Afterpay is competing in a surging space. The global BNPL market size is expected to reach $20.40 billion by 2028, registering a CAGR of 22.4% from 2021 to 2028. Going beyond a simple partnership What merchants also appreciate about Afterpay, notes Clansky, is how a BNPL provider can be more than a payments provider but also a marketing partner. “Many customers will start their shopping journey on our Shop Directory, and oftentimes use it as a place to discover new brands and products,” she says. Due to how the pandemic has accelerated the growth of ecommerce, consumers have now become used to the ease and flexibility of online shopping, forcing retailers to bring online convenience to the in-store experience, Clansky adds. She goes on to speak on Afterpay's omnichannel model, “Afterpay has helped brands overcome this challenge by allowing them to offer the BNPL service both online and in-store. Launching Afterpay in stores is a light lift for retailers, and provides them with a safe, contactless payment solution to offer to their customers.” Looking to take advantage of innovative technology, Afterpay recently teamed with Westfield shopping centers on an augmented reality (AR)-activated scavenger hunt that offers QR codes for shoppers to scan and unlock deals and promotions at Afterpay-backed retailers. And in 2021, they also unveiled two new products for merchants: Afterpay iQ is a customer-centric analytics tool to help brands evaluate marketing performance, omnichannel shopping volumes, and demographic summaries down to the store level; and Afterpay Ads introduces a new suite of advertising products to “help brands reach, acquire and activate high intent, loyal shoppers across the Afterpay ecosystem,” as the release writes. What Afterpay provides to merchants and, through a behind-the-screens assist, to shoppers can be a teachable moment to other business leaders: make flexibility a priority, help your brand partners market to consumers, and adopt next-gen technology to continue to develop product lines that will retain core customers and open the door to new revenue. Late fees may apply. Eligibility criteria apply. See www.afterpay.com for more d...
Today we're looking at Afterpay, a new payment processor that has taken Australian shoppers by storm with more than one million customers and almost five million transactions being made on the Buy Now Pay Later (BNPL) platform since its launch in 2015. In this episode, I reveal what Afterpay is, how it works, and the ways it can impact your business and your clientele. As you'll hear, I don't think that Afterpay is flawless (not that anything is!) but I hope this gives you some awareness about what this system is all about, whether or not it is a good thing for you, and what it can do for your business and your clientele if you do decide to use it in your salon! If you're not already following us, @thethrivingstylist, what are you waiting for? This is where I share pro tips every single week, along with winning strategies, testimonials, and amazing breakthroughs from my audience. You're not going to want to miss out on this! Learn more at: https://thethrivingstylist.com/podcast/249
In this episode of The Payments Show Podcast, I spoke to Ed Brandler who is the Co-Founder & Chief Commercial Officer at Two. Two is a Buy Now Pay Later (BNPL) solution for B2B companies. Click through the Chapters Menu at the top of the episode webpage here: http://thepayments.showSummary of topics discussed:1. Challenges faced by SMBs2. The $50,000 Checkout Problem3. Avoiding Chargebacks and Fraud4. B2B Advantages vs B2C5. bCommerce: B2B eCommerce Solutions6. Importance of Freeing Up Working Capital7. Increasing Sales Conversions and Average Order Values8. Fast Credit Approvals9. Bank Transfers and Open Banking10. Fast ImplementationAnd much more…Details:- Recorded on 18 Aug 2022- Host: Satwant Phull, Founder of Digital Money Lab- Guest: Ed Brandler, Co-Founder & Chief Commercial Officer, Two[Next Steps]- Get in touch with Satwant: digitalmoneylab.com - Two: two.inc | @Two_b2bSupport the show
In Episode 8 of Digital Tells we speak with Suzanne Sando, Senior Fraud and Cybersecurity Analyst at Javelin Strategy and Research. BioCatch recently published a report written on our behalf by analysts at Javelin Strategy and Research titled New Account Fraud A Threat Down Every Avenue.In this discussion, Suzanne discusses many aspects of new account fraud, including identity theft and synthetic identities, stimulus fraud, the rise of Buy-Now-Pay-Later (BNPL), money laundering and anti-money laundering compliance, and opportunities for financial institutions to address these increasingly hot challenges.Peter Beardmore BioCatch recently published a report written on our behalf by analysts at Javelin Strategy and Research. It's titled New Account Fraud A Threat Down Every Avenue. There's a link to the report in the show notes. And in the run up to the report's publication, I had an opportunity to talk with its principal author, Javelins Suzanne Sando. We talked about a range of topics from scams to mule accounts to buy now, pay later, and identity theft, all relating to the challenges institutions face when it comes to new account fraud and strategies for dealing with these challenges. If you're a regular listener to the podcast, you know that normally I script a narrative infused with clips from conversations I've had in preparation for each episode. But for this episode, we've decided to switch it up a little, mostly because I don't think there's really anything to improve upon Suzanne's commentary on all the topics we discussed. So here it is, my complete discussion with javelins. Suzanne Sandow, thanks for taking the time to talk with us today.Suzanne SandoAbsolutely.Peter BeardmoreSo, Suzanne, let's get started with just some introductions. Can you tell us what you do and what your origin story is, how you got to where you are?Suzanne Sando Sure. I wish it was interesting in some of these Marvel movies I've been watching, but. So my name is Suzanne Sando. I am a senior fraud and cyber security analyst at Javelin Strategy and Research. And I've been there about two years prior to getting into the analyst role. I was actually doing a lot of behind the scenes coding work. So I worked for a major financial institution in the U.S. and I did a lot of payment systems, back end coding, worked a lot of personal information, a lot of private data. So I kind of have that technology background that I bring to this new analyst role.Peter BeardmoreSo you've been working on a number of reports. Javelin just released, a fairly large identity related study, and you're also soon to release. Probably by the time this podcast comes out, we will have released a paper that you've done that's been sponsored specifically by BioCatch can you tell us a little bit about both pieces of research?Suzanne SandoSure. So the main identity fraud report, the larger report that you referenced, that's something that's in its 19th year and that we've been putting out. And, you know, we kind of take a look at all aspects of identity fraud, both traditional identity fraud and identity fraud scams. And we kind of look at the losses to financial institutions, the consumer impact. Where are the pitfalls? What are the things that some of these industry verticals can be doing better? What can consumers do better to try and mitigate some of this loss that's happening in tandem with what's going on in the world? You know, because obviously we've had a lot going on with the pandemic. I mean, that has just changed every single facet of life. And the report that you mentioned, that's kind of an offshoot of that larger report that I wrote for you guys for BioCatch that's more specifically targeted to new account fraud and how that has sort of taken off between 2020 and 2021.Peter Beardmore Okay. So let's jump right into new account fraud, which is going to be the focus of our conversation today. What are the overall trends related to new account fraud? What are the highlights?Suzanne SandoSo 2021 was unfortunately just another year of record losses across the board. Overall, consumers lost 52 billion between identity fraud scams and traditional identity fraud, like, you know, account takeover, existing card fraud, and then, of course, new account fraud that we're going to talk about. And of that, 52 billion, 7 billion is attributed to new account fraud. So if you compare that with last year's losses of 3.2 billion, that's like a 109% increase in new account fraud losses for consumers. You know, I think new account fraud is so attractive to criminals because just the nature of our world and e-commerce and, you know, digital banking activities, it's not going to go away. We continue to get more and more digital centric as that technology advances. So that means that that, you know, attack surface for new account fraud just keeps growing, especially as our daily activities evolve from both, you know, like a necessity and a convenience standpoint. So once you give consumers that convenience, like opening accounts online, applying for loans online, it's so hard to take that convenience away without impairing the customer experience.Peter BeardmoreOr impairing your revenue.Suzanne SandoExactly. Exactly.Peter BeardmoreAs a as a lender or as a credit card issuer or what have you, for sure.Suzanne SandoYou know, we've also noticed that, like, it's not just checking and savings accounts and, you know, credit accounts that are driving this growth. Criminals are going to be motivated by any single thing that puts more money in their pocket. So payday loans, mortgages, even car loans are appealing to criminals. They don't need to know every single piece of a legitimate account holders information. It's just enough to get that application approved and get that fast cash. And of course, like, you know, I mentioned the pandemic, and that's a part of, you know, what we do for these reports. We look at what's going on in the world. The government is not immune to these problems. You have government assistance programs like the Unemployment Assistance Paycheck Protection Program. They're all facing huge issues with fraud. I read recently, I think that it. The Department of Labor reported 163 billion had been, quote, improperly dispersed, which could mean many things. But one thing it for sure means is fraud. It means that a lot of these funds went to fraudulent sources and there's a high chance that this money isn't going to be recovered. So I think the thing to take away from this is that criminals are so crafty in their exploitation and the techniques and the lengths that they're going to go to commit fraud.Peter Beardmore Out of curiosity, you mentioned the Paycheck Protection Program and the unemployment assistance. I just saw a headline recently that talked about the DOJ was had been appropriated some X hundreds of millions of dollars for an investigation related to, I believe, unemployment fraud. Is that good money chasing, bad? I mean, is there anything that's going to come of that, given that those programs are effectively over at this point? What's to be gained by even chasing that do you know?Suzanne SandoYou know, part of me thinks that it's sort of a goodwill type of situation where we're trying to make good on these funds that were supposed to go to consumers who were really in need, small businesses who really needed that aid. But the fact of the matter is, if you you know, there's that 163 billion I mentioned, there's a full report from the testimony from the Department of Labor about that, you know, those missing funds. And I believe they mentioned that 4 billion at this point had been recovered, but 4 billion out of 163 not great. So, you know, like I said, I think it's it's a goodwill we're trying, but it's probably going to come to a very not great ending.Peter BeardmoreJust for clarity, you didn't mention those numbers, 52 billion and 7 billion in new account fraud? Are those global numbers or those?Suzanne SandoThose are good. Thanks for for asking that. Those are United States. Those are U.S. numbers.Peter BeardmoreOkay, good. I just want to be sure.Suzanne SandoSure.Peter BeardmoreAnd so with the new account fraud, the identity specific new account fraud, do you have any sense for are these legitimate ID legit, these stolen IDs? Are these synthetic IDs? You know, what what are the what are the sources?Suzanne SandoCriminals are using all types of identities between actual stolen identities and synthetic identities to carry out this new account fraud. Some are legitimate consumers. They, you know, have had their information exposed in the data breach. And then it's sold on the dark web for extremely high prices. And then other identities are pieced together using some real consumer PII. And then fake information is kind of thrown in the mix to create that synthetic identity, which then ideally, ideally for the criminal (chuckles) ideally is untraceable back to a real person. So, you know, when it comes to. What… What it is that they're using? I think it always goes back to what's available. You know.Peter Beardmore Let's shift focus here a little bit. One of the big trends we hear a lot about in the news lately and there were mentions in in your reports was related to buy now pay later and also I guess there's some other related fintech type offerings that are out there with respect to making credit more available to consumers in different forms. Can you talk a little bit about what buy now, pay later is and why it it is so attractive to fraudsters?Suzanne SandoThat's a great question because I think that there's a lot of gray area around bnpl for consumers. So the main difference between Bnpl and, you know, a traditional credit card like a store credit card is that, you know, your site, you're getting these products by signing up for installments, but there's typically no interest on the purchase. And there's also not like this huge approval process standing in the way of you actually making that purchase. You don't have to have this amazing credit to get approved for a bnpl plan. So, you know, it's it's good for the consumer because they can get the thing they want and it's good for the retailer because they can draw in more people to buy their product and make more money. And they're not just having to target, you know, higher incomes. So, you know, if you want to buy, I don't know, a guitar, for example, but you can't afford the full purchase price upfront. The idea behind Bnpl is you make one payment upfront, which includes usually a fee for the Bnpl platform because you know they're going to make money too, with the promise then of making the other payments on an agreed upon schedule. The consumer, you know, is able to take advantage of bnpl with as many merchants that offer that option as within the checkout process. Whereas, you know, a traditional store credit card is obviously going to be tethered to a specific retailer. And then even interestingly enough, there's now been this explosion of financial institutions and credit issuers who are getting in on the competition. They're offering their own version of, you know, installment plans to kind of keep up with what consumers want and the competition in the market. And as far as fraud goes, you know, it's certain it's just like everything else. It's not without its faults, you know, besides the effects that it can have on a consumer in terms of if they miss or make late payments, they rack up debt. I think bnpl providers face a really difficult road with fraud in terms of detecting and preventing it by stealing a consumer's identity, a real consumer's identity, and opening up a bnpl account, a criminal can then purchase a significant amount of goods and stuff the consumer with the bill, and it's one that, you know, they might not find out about until those payments start rolling in. So since the plans, it kind of depends on the platform you're using and the customer's needs. That repayment can start within days or it could be months after the fact, which leaves that fraud undetected for a significant period that that can cause real problems, not just in terms of late payments. It could ding your credit. If you've got these missed payments, it can have real consequences. And then I think even trickier to kind of go back to the synthetic identity that you had mentioned after successfully setting up that account using real PII mixed with fake information to fill in those gaps, criminals will start making those big ticket purchases and then when it comes time to pay again, this time there's nobody left to make those remaining payments. So that creates substantial loss for retailers who now have no way to make good on these installment payments. And so I think Bnpl fraud is really lucrative for criminals because they can make these highly priced purchases for a fraction of the cost. They're just making that first installment payment and then they can turn around and sell it for full price. I feel like I'm giving away secrets of the trade, but yeah, you know, so I think the the good thing here is we're kind of getting to a point now where there might be some regulation for Bnpl. You know, people are talking about it. The government wants to get in on regulation for this in order to protect consumers. And we kind of have to hope that maybe there's going to be some fraud guidance and protection baked in as well.Peter BeardmoreWho's ultimately left with the liability? So is it the is it the Bnpl company or is it the retailer itself when the payment is not made?Suzanne SandoThat's a good question. And again, I think that's kind of another gray area that we're working with, because you have to imagine that there is an agreement that's that's built into when a retailer gets set up with a bnpl platform. But it also, I think, kind of depends on the circumstances of the individual fraud event. It may vary between fraud types. It may vary if the consumer can prove that it was scam or whatnot. It kind of depends on what really happened. And that's another thing that I think it would be good for both bnpl platforms and financial institutions and retailers and the like to have that regulation in place that also addresses fraud.Peter BeardmoreYeah, because also somebody has to go and investigate this.Suzanne SandoExactly.Peter BeardmoreThere's a cost associated with that as well.Suzanne Sando Yep. Those operational costs can really add up.Peter Beardmore I want to shift focus again here and talk a little bit about money laundering. You know, we've seen over the course of the past six months a couple of major fines, one in Europe with HSBC, I believe one recently here in North America with USAA, both sort of relating to not ignoring AML requirements, but sort of neglecting the full force and effect of AML requirements. Is there an identity component here as well? And if so, how does that work?Suzanne SandoYou know, one of the trickiest things about anti-money laundering practices is the balance between observance of AML policies adhering to these to these policies. But then the competition to gain account holders and revenue. So while you're following regulatory guidelines, financial institutions want to entice new customers and members. They want to have incentives for opening up accounts like, for example, policies for immediately available funds. So as soon as you open up the account and you make a deposit, those funds are ready and available for you to withdraw and use. And I think that this attracts a certain group. That is constantly monitoring what these policies are and they're looking for vulnerabilities that they can exploit for their own financial gain, and that that fits in perfectly, I think, with that identity component.Peter Beardmore And where in particular are the and you may not have an answer to this question, I'm not sure. But what are the weak points? Right. If you look at this in terms of a kill chain, if you will, of protection. Right. What are the weak points in the chain that institutions are failing at?Suzanne Sando I think right from the get go, when you have someone opening up a new account and you cannot, you think you know who's on the other end of that interaction, but you don't necessarily know. And that's kind of where money mules come into the picture here. It fits in perfectly with that because, you know, once those organized groups, as organized crime groups find that vulnerability that they want to take advantage of, that's sort of when they recruit their consumers, their money mules, to start laundering that money with the promise, you know, of some financial reward for very little effort. And so how that starts is they start opening these accounts, they start pounding these financial institutions to get these accounts open and immediately start using their account to get those funds. And I think the difficult part here is the layering and the concealing of funds. When we talk about AML, it's really difficult for law enforcement to trace when there are so many different hands in the pot and so many different ways that that money is being moved. You know, once you get that account open, you might be depositing a counterfeit check and you might be using a prepaid debit card, opening up traditional bank accounts. And then on top of it, you kind of add this complexity to the mix of consumers who they know what they're doing, they know what they signed up for, they're willingly doing the muling. And then there's those who are scammed into it through like employment scams, romance scams. And if you look at the guidelines and the guidance that the FBI has put out about money, muling they mention very specifically that like even if you don't know what you're doing, it's still a crime. So I think the two main points here to take away for, you know, financial institutions is, number one, it's that new account opening where you don't know who it is that you're working with. So if you're not verifying that identity, you're not using good ID proofing, you are going to be overwhelmed with new account fraud. And then on top of it, it's that element of you need to make sure that your consumers, your customers and members know what to look for when they are getting scammed into doing the dirty work for the criminal.Peter Beardmore And it's really difficult to be able to detect when this is happening when you're the bank, because in most cases it's legitimate people with legitimate Social Security numbers and addresses and.Suzanne SandoExactly.Peter BeardmoreCredit histories and other accounts. Right. So the traditional KYC approach to validation of a user or an account holder, they don't necessarily apply in the circumstance.Suzanne Sando And it's interesting that you bring that up because in Javelin's research, we noticed that 55% of consumers said that new accounts were opened in their name at their existing primary financial institution. So if I have this history, like you said, they've got this this history of we know who this person is. We know Suzanne Sando. She has an account at ABC Institution, so she's got to be legit. Of course, she wants to open up another checking account. Of course she wants to open up a savings account. And so, like you said, that aspect I think is what is really tricky. It's knowing at that point then what are the important pieces of information to look at? How do we assess this person who's opening this account and make sure I know who this is for sure?Peter BeardmoreSo obviously this will be a self serving question. You can answer it however you like, but I would imagine that you get into conversations with financial institutions frequently about how do you go about doing this? Obviously BioCatch is in the game of behavioral biometrics, but what are the conversations like when you get into this? You know, okay, there might need to be another technology in the stack here to figure this out or to identify an indicator of risk in the circumstance where you've got a legitimate applicant applying for a seemingly legitimate account, but for nefarious purposes. How does behavioral biometrics fall into that discussion?Suzanne Sando So this is another one where I have a lot of thoughts. You know, something that (chuckles) something that we talk about a lot with our clients specifically, you know, financial institutions is that balance of the customer experience. And making sure it's frictionless, but still maintaining that level of security. And I think for a lot of institutions, they don't want to introduce additional friction, what they perceive to be additional friction into the process to kind of drive consumers away. And in my eyes, the account opening process is kind of make it or break it for a lot of organizations. If the application is too confusing, if it takes too long, you're risking application abandonment. So you have to make sure that what you're doing works for both the consumer and it works for your organization. So to kind of bring that back to behavioral biometrics, that is one of the things that we really impress upon FI's as being incredibly important for this I.D. proofing. Consumers want to know that their PII is protected and they should be able to trust that the organizations have solutions in place to ensure that, you know, accounts aren't being fraudulently opened in their name. But equally as important when balancing that user experience and that friction. Consumers want to know that they're not going to have to jump through all these extra hoops to prove who they are and that they are who they say they are. So for me, the best solution takes full advantage of behavioral and device use biometrics. One of the hardest things for a criminal to fake or recreate is the inherent behaviors of a consumer. You know that thing that is distinguishing you from me? People are very hesitant to give up their passwords because it's very easy for consumers to use, but it's equally as easy for a criminal to crack. But as soon as you introduce behaviors and habits, that really adds a layer of complexity to the entire process. An important to note here is that very little friction is going to be introduced for legitimate consumers. Because when you use behavioral biometrics, it's all it's a combination of PII that they should already know and behaviors that they already have. So when you pair some of those behavioral biometrics, so for example, keystroke your mouse movements, the way you move around on your phone, the way you hold your device, that really gives a financial institution key data into the identity of the person on the other end of that interaction. And there are even, you know, more nuanced things that can be used during that account opening process. So the way a consumer moves throughout the application, the way they scroll, how they type, not just the speed but the cadence and all of that, it's very telling. The way you type in the PII that you should be familiar with your birthday, your Social Security number. Consumers who are really familiar with that info, they enter it differently and they move around a session differently than a criminal is going to do it. A criminal is attempting new account fraud. They're trying to overwhelm the system and open as many accounts as they can in a short period of time. And so all they're going to do is the bare minimum they're going to bring to that application. They're going to do everything as fast as they can. They're not paying attention to optional fields. They're not reading disclosures and agreements. Whereas genuine consumers who are opening these accounts, they're going to take the time to review more than just the bare minimum.Peter BeardmoreHave you had conversations? We talked a little bit about scams at the beginning, but also mules, right where you've got these situations where you've got a legitimate user that may be in a position where they're doing something that is not in their best interest because they're being coached by a scammer or they've been recruited in the mule activity, which again is not in their best interest because they'd be violating AML laws or what have you. Have you had discussions with financial institutions who are using any of that technology and got any insights to how they're actually communicating with those victims in those circumstances?Suzanne SandoYou know, I think that well, a lot of our research relies on self-reporting. So if the consumer doesn't know that they're being scammed, we won't know either. And there's also sort of this stigma around scam victims, and I would imagine also unwitting mules who don't know that their, you know, what they're doing because they're also scammed into it. There's this negative connotation around scam victims that, you know, sometimes might feel ashamed of what they did because they can't believe they got scammed into doing something. And so that data is not readily available to us. But I do think that having some of those contextual clues with a consumer who is legitimate, like let's say I'm opening another account, I'm being scammed in opening another account where I'm already an existing cardholder. My financial institutions should be able to use some of those contextual clues to say this is not how she normally acts when she's opening up an account. Maybe it's taking me a little longer to do something than it should, or maybe it's taking me even faster than it should. So I think that some of those aspects should play into that identity proofing solution.Peter Beardmore Let me just ask you a little bit about the decision making process and the factors that go in to financial organizations or even fintechs decisions around their anti-fraud stack. Could you shed any light on what are conversations like in 2022 when when organizations are looking at what should be in that stack or maybe what should we trim, or is there a high degree of risk of new tack or anything along those lines?Suzanne Sando Sure. I think that one of the main things that we hear a lot is what is our investment? And I don't just mean monetary, you know, am I able to take the solution and almost immediately plug it into what I'm already doing? Am I able to mold it to be what I need it to be? So that's kind of where having a solution that is rules based is very helpful because you can take these aspects of the account opening process and say, okay, Suzanne's application has a score that's kind of low because this is a rule that we have set up on our end. We can say, let's send this for a manual review. So I think that one of the important things here is, is it configurable and is it something I can easily get going and start using almost immediately with very little integration or deployment on our end? And I think that's another important aspect of this too, is to go back to manual review. I think that going into using a solution like this, you know that (chuckles) it's not going to take away every manual review. It shouldn't if you're never having to manually review an application that might come through this solution. Something might be wrong here. (chuckles) But the point is, is that if you can help cut down on the time that it takes for an employee to do that manual review, you're cutting back on operational costs because now that employee can do what they are really supposed to do, which isn't just necessarily manual reviewing every new account application that comes through. So I think those are some of the really important things to to consider when you're looking to add to your your broad technology stack.Peter Beardmore So there's a let me just surmise and make sure I get you correct is that there's a technical integration piece here, which obviously we want to minimize the the impact or the the disruption that goes along with that. There's the workflow that occurs in relation to that. In other words, is it substantially affecting the workflow that we currently have in place to the point that it would be too disrupting? And then there's the what's the overall impact on operations? Ideally, if it can lower the total operational time it takes per application or what have you, all the better.Suzanne Sando Exactly. That's exactly it. And really, at the end of the day, are we weeding out these new accountants that are fraudulent? That's another obviously important piece of it. But yeah, I think that about sums it up.Peter Beardmore And that was my conversation with Javelin's, Suzanne Sando. As I mentioned at the top of this episode, you can find that report, Suzanne, authored for BioCatch, New Account Fraud, a Threat Down Every Avenue. It's on the BioCatch website. There's a link to it in the show notes. Digital Tells is written and narrated by me, Peter Beardmore, in partnership with my producer, Doug Stevens of Creative Audio and Music and with support and sponsorship from Bio Catch. Special thanks to Suzanne Sando from Javelin Strategy and Research. For more information about this episode, behavioral biometrics, or to share a comment or idea, visit biocatch.com/podcast. Until next time, take care.
Buy Now Pay Later (BNPL) has taken e-commerce by storm, as shoppers can now spread out payments over four interest-free installments thanks to services such as Klarna, Affirm and PayPal. But BNPL also gives banks that already offer a suite of digital services to their customers a rare opportunity. Bryce Deeney, cofounder and CEO at equipifi, discusses the current state of BNPL and lays out a vision for how financial institutions can leverage the power of BNPL-savvy fintechs.
When it comes to Buy-Now-Pay-Later (BNPL) consumers continue to spend. They love the product in all of its varieties. While those of us in the fintech space lament the huge drop in valuations with many of the BNPL leaders, consumers don't care. They just continue to use the product.The BNPL pioneers all focused on the merchant model, where they do deals with large brands to offer their BNPL solutions to consumers. But there is more awareness today (thanks to Apple) of the direct to consumer model.My next guest on the Fintech One-on-One Podcast is Al Periu, the CEO of Zilch USA. Zilch began in the UK and built a successful direct to consumer BNPL business very quickly and they have recently launched in the US.In this podcast you will learn:How Al first connected with the Zilch team.Why his experience at Funding Circle was just what Zilch needed.A description of Zilch's UK business.How their product works in the US.Who their typical customer is.How they are trying to get to top of wallet with the consumer.Why they decided to go direct to consumer instead of focusing on merchants.Al's thoughts on Apple's entry into the BNPL space.What the BNPL pioneers provided to the market that helps Zilch.Details of their business model.Where the capital is coming from to fund the Pay-in-4 loans.How lawmakers should be thinking about BNPL.His thoughts about Klarna's recent down round.How Zilch was able to close a funding round at a flat valuation.Where BNPL is going to go over the next decade.Their plans for Zilch in the US.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes
Today we dive into Buy Now Pay Later - BNPL - this service has been in the news for quite a while. We're going to dive in and talk about how these services work and why this service is popular with consumers. There are two types of providers: Buy Now Pay Later for Physical Products Buy Now Pay Later for Services We discuss how we have helped businesses get set up with this service. You can add this to your website or have a portal to enter the payment information there, so it is straightforward to use. Here is a short list of the businesses we can help. If you do not see your business on the list, reach out to us, and we can let you know if we can get you set up. Veterinary Services Printing Services Ambulance Services Trucking, Freight, Moving, Delivery Services Carpet Cleaning Funeral Services Coaching Doctors of all types Advertising Services Computer services Detective Services Jewelry Repair Watch Repair Furniture Services Repair Services School, Education Dentists Eyeglasses Opticians Trade Schools Colleges Classes CPA - Accounting and Attorney's There is a unique program for 4-12 payments for these two types of businesses. When we analyze products, we look at whether consumers want them and whether it is beneficial to business owners. This product is hot hot hot with consumers, and that makes it a must-have for business owners. Want to sign up? Go to our website and click apply! https://b2bvault.info/ If you want to book an appointment to get more info https://npsbank.bookafy.com/bizdev Is it time to get set up with Buy Now Pay Later and make a few more monthly sales? Ready set go! Carpe Diem - Seize the Day
Innovations in the payments world continue with the advances in Buy Now Pay Later (BNPL). It's beloved by a new generation of online shoppers and big step from the layaway plans of old. Associate analyst McKayla Wooldridge joins host Eric Hanselman to delve into its appeal and look at recent study results that show both positive and negative angles for consumers and merchants. The latter want increased purchasing volumes, but the former are concerned about refund complexities and hidden costs.
As I understand the metaverse it will eventually be a place where you live that's so real you may not know where you are, here or the metaverse.At the moment, as I understand, the metaverse it's just a bunch of avatars, like avatars on games. In fact, the metaverse as I understand it right now just looks like a cheap game.Some are starting to take it seriously. A Minister from a Middle Eastern government the other day called for the United Nations to be involved in the metaverse to oversee crime. It's a fair question. If crime is committed in the metaverse, which it will be, under whose jurisdiction is it policed? Who is charged? And where and what are the penalties?Money is already being used in the metaverse, so does a financial crime get caught up by a police force somewhere?I raise this because this is just another one of those hair-brained ideas that will collapse in a heap, and I am calling it now.The same way I called cryptocurrency as a Ponzi scheme. The same way I called the Buy Now Pay Later (BNPL) frenzy as flash laybuy that simply offered another version of debt and would end badly.If you haven't followed the BNPL market, it's about to collapse. Those companies that listed have been spanked. How they could never see that getting people further into debt wasn't going to be a road to riches still fascinates me.But that was crypto. No regulation, no limits on the number of currencies, a link to crime and third world countries. Gosh, what a surprise when it all blows up. It won't stop the nutters though, they still buy in. There will still be another avenue invented to get you caught up in easy debt. As long as there is opportunity to delude the gullible, there is an industry to be had.The metaverse, by the way, is offering clothing for your avatar. Pretend clothing for a pretend person. But the money you give them is real and from this world.Next, you'll buy a virtual house, a virtual car, and virtual furniture. And I'm assuming virtual mental health care to try and explain how you got yourself wrapped up in this mad rabbit hole. All the while, Mark Zuckerberg, the bloke who has already contributed so magnificently to the betterment of the human race here on Earth, pockets it all because you are a sucker.Ah, a fool and their money. In a world on the verge of a recession, isn't it a rich irony that the booming business isn't even real?See omnystudio.com/listener for privacy information.
Buy Now Pay Later is a way for customers to buy a product through installments instead over a period of time (i.e. 4 installments every two weeks). If you want to buy an expensive item such as a grill or mattress then it might be less of a burden for you to spend that money all at once.Note: What is Buy Now Pay Later (BNPL)?There are many platforms offering this such as Klarna, PayPal, and Sezzle to name a few. But now Apple is getting into the mix as it plans to integrate its own BNPL option into Apple Pay.
Timestamps:(00:00:00) Intro(00:01:01) Meme of The Week(00:02:23) Apple vs Startups(00:04:43) Apple's PassKey(00:05:56) Apple's Car Play(00:06:53) Buy-Now-Pay-Later (BNPL)(00:18:39) Classic Clip: Michael Saylor on iPhone(00:21:31) Apple vs Android(00:34:25) Post-Payment Installment Splits vs Buy-Now-Pay-Later(00:42:25) Interview with Jon Wu, Head of Growth at Aztec Network(00:44:58) Why Nate Chastain Was Arrested(00:47:02) Wire Fraud Deep Dive(00:53:17) What Extent Do Federal Prosecutors Get Involved(00:57:36) Other Crypto/Digital Cases(01:01:19) Is A 40-Year Sentence Reasonable?(01:03:53) Implications of Money Laundering Using Crypto(01:07:10) Would Nate have been prosecuted if he built OpenSea himself?(01:08:34) Jon's Hat(01:09:24) Elizabeth Holmes interviewed Jon to be CFO of TheranosEvery week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology, and memes.Watch + Subscribe on YouTube:https://youtu.be/pDObsgo2amcJoin our group chat on Telegram:https://t.me/notinvestmentadviceLet us know what you think on Twitter:@bzaidi@trungtphan@jackbutcher@niapodcast See acast.com/privacy for privacy and opt-out information.
Startuprad.io - The Authority on German, Swiss and Austrian Startups and Venture Capital
"Klana is all built beautifully around the consumer. … but many merchants also want a B2B checkout and here Klana decided to partner with the leading provider in the space [Billie.io]."Matthias Knecht, Co-Founder Billie.io The Founder “I was raised in Germany, with a stint at Columbia University before moving to McKinsey. After working for them,” says Matthias (https://de-DE_.linkedincom/in/-matthiasknecht), “I left and started Zencap.” This company was eventually acquired by Funding Circle where he spent only one year of his time there; then on into Billie — together with cofounder Christian. "Hiring is currently one of our main challenges. Our doors are wide open."Matthias Knecht, Co-Founder Billie.io Subscribe Here We are always sharing new resources with you. Find all of our options below. We want to make sure that we provide what's best for your growing team, so please take a look at these additional ways in which can help! https://linktr.ee/startupradio The Startup Billie's business is disrupting the B2B market by allowing consumers to buy now and pay later. Their investors include Klana — one of Europe's largest Buy Now Pay Later (BNPL) companies for this sector with over 50 million clients across 500+ brands worldwide!The company also integrates seamlessly into Klana's systems so that all client transactions can be done through Billie's platform while still enjoying advanced features such as payment encryption and loan pre-payment options which not only make financial services more accessible but give buyers peace of mind when making large purchases or taking out short term loans. Website: https://www.billie.io/ Crunchbase: https://www.crunchbase.com/organization/billie-io Twitter: https://twitter.com/billiegmbh LinkedIn: https://www.linkedin.com/company/billie.io/ Venture Capital Funding Billie is one of the most successful startups in Germany and they have raised more than 140 m US$ from investors like Creadum, Global Founders Fund (Rocket Internet), Dawn Capital, Speedinvest, Klana, Tencent, and Picus Capital. It sounds like Billie may become soon a unicorn with all these hints being dropped about their future success. Learn more at www.medium.com/startuprad-io
"Klana is all built beautifully around the consumer. … but many merchants also want a B2B checkout and here Klana decided to partner with the leading provider in the space [Billie.io]."Matthias Knecht, Co-Founder Billie.io The Founder “I was raised in Germany, with a stint at Columbia University before moving to McKinsey. After working for them,” says Matthias (https://de-DE_.linkedincom/in/-matthiasknecht), “I left and started Zencap.” This company was eventually acquired by Funding Circle where he spent only one year of his time there; then on into Billie — together with cofounder Christian. "Hiring is currently one of our main challenges. Our doors are wide open."Matthias Knecht, Co-Founder Billie.io Subscribe Here We are always sharing new resources with you. Find all of our options below. We want to make sure that we provide what's best for your growing team, so please take a look at these additional ways in which can help! https://linktr.ee/startupradio The Startup Billie's business is disrupting the B2B market by allowing consumers to buy now and pay later. Their investors include Klana — one of Europe's largest Buy Now Pay Later (BNPL) companies for this sector with over 50 million clients across 500+ brands worldwide!The company also integrates seamlessly into Klana's systems so that all client transactions can be done through Billie's platform while still enjoying advanced features such as payment encryption and loan pre-payment options which not only make financial services more accessible but give buyers peace of mind when making large purchases or taking out short term loans. Website: https://www.billie.io/ Crunchbase: https://www.crunchbase.com/organization/billie-io Twitter: https://twitter.com/billiegmbh LinkedIn: https://www.linkedin.com/company/billie.io/ Venture Capital Funding Billie is one of the most successful startups in Germany and they have raised more than 140 m US$ from investors like Creadum, Global Founders Fund (Rocket Internet), Dawn Capital, Speedinvest, Klana, Tencent, and Picus Capital. It sounds like Billie may become soon a unicorn with all these hints being dropped about their future success. Learn more at www.medium.com/startuprad-io
In deze aflevering bespreken we hoe Buy Now Pay Later (BNPL) de verkoop voor uw online winkel kan verhogen. We weten allemaal dat betaling een van de belangrijkste onderdelen van het e-commerce proces is. Het is het moment waarop de klant besluit om zijn zuurverdiende geld te overhandigen in ruil voor uw product of dienst. Het is dus van cruciaal belang dat u het goed aanpakt. Als uw betaalproces te lang duurt, te ingewikkeld is of te weinig vertrouwen biedt, zult u klanten en omzet verliezen. Dit is waar Koop Nu en Betaal Later om de hoek komt kijken. BNPL is een betaaloptie waarmee klanten de betaling van een aankoop kunnen uitstellen tot een latere datum. Dit kan een nuttige hulpmiddel om de verkoop te verhogen, vooral voor grotere of duurdere artikelen. Er zijn een paar dingen om in gedachten te houden bij het gebruik van BNPL, zoals ervoor te zorgen dat u de extra kosten in verband met deze betalingsmogelijkheid kunt veroorloven en dat uw klanten daadwerkelijk in staat zijn om de rekening te betalen wanneer deze verschuldigd is. Maar indien correct gebruikt, kan BNPL een geweldige manier zijn om de verkoop en conversie op uw eCommerce winkel te verhogen.In deze aflevering, bespreken we: - Wat is Buy Now Pay Later? - Hoe werkt BNPL? - De voordelen van het gebruik van BNPL voor uw online winkel - Dingen om in gedachten te houden bij het gebruik van BNPL - Hoe zet u BNPL op in uw webwinkel? Als u op zoek bent naar manieren om de verkoop van uw webwinkel te verhogen, zorg er dan voor dat u naar deze aflevering luistert! Show Notes op onze website: https://ecommercelessen.com Volg onze Linkedin pagina: https://www.linkedin.com/company/ecommerce-lessen Op Instagram vind je nieuwe en leuke achtergrond informatie over onze lessen Te veel vakjargon bekijk onze woordenlijst
Charlie is co-founder and CEO of Sezzle, a $1.2 billion market cap alternative payment platform.Charlie and Auren dive into the unit economics of Buy-Now-Pay-Later (BNPL) businesses, why the “creditization of debit” is the hottest trend, and how underwriting BNPL loans differs from traditional consumer lending.They also explore data's role in BNPL and how most fintech companies are on the path of becoming neobanks. You can find Auren Hoffman (CEO of SafeGraph) on Twitter at @auren and Charlie Youakim at @CharlieYouakimWorld of DaaS is brought to you by SafeGraph. For more episodes, visit safegraph.com/podcasts
MobiKwik is one of the largest Mobile Wallet and Buy Now Pay Later (BNPL) platforms in India. Its tech platform has 120 million Registered Users, 25.3 million pre-approved BNPL users and more than 3.4 million merchant partners. MobiKwik's top line grew by 80 percent from INR 300 crore in FY21 to INR 540 Crore in FY22.Tune in to this conversation with Bipin Preet Singh, Co-founder, MobiKwik where we talk about his journey of building and scaling the company for the last 13+ years.During the episode, Bipin also shares about how they started first with a basic problem of the masses with mobile recharge and then scaled over time, how they sailed through the difficult times of Covid and took Mobikwik to 100Mn+ users.Notes - 02:21 - What led him to founding MobiKwik?09:00 - “You can't build the platform on Day 1, the platform has to evolve.”11:58 - Advice for early-stage entrepreneurs pitching to build a platform14:27 - How did MobiKwik evolve as a platform? 27:23 - What has transformed significantly in the last 1-2 years?30:33 - Current revenue, profits, and scale 36:25 - Is the economy currently going into recession?38:11 - What kept him going for 13+ years?40:33 - Tailwinds which are supporting Fintech in India44:52 - Creating a mental model to build in markets with already existing large players
In this episode, Adam, Ryan, Nigel and Alex look at how Buy Now Pay Later (BNPL) has evolved, where it is in the present day and where it is heading. -What percentage of transactions currently use BNPL? -When will the rate of growth for BNPL slow? -How do retailers and providers evolve to meet consumer needs? -How will regulators impact this new financial phenomenon?Timestamps below:- Divergence & convergence? The Bain answer first! (2:36) - Macroeconomic pressures (5:32) - The background of BNPL (6:16) - Credit modules (8:36) - What has led to the rise of BNPL? (10:20)- Effects of consumer experience on change (10:36) - Data analytics team overview (16:02) - Incorporating human psychology into algorithms (19:58) - Merchant benefits (23:06) & (24:07) - BNPLs are becoming platforms (23:47) - Where does BNPL fit in with retailer's payment strategies (27:00) - Where does your biggest cost space sit (29:26) - Generational shifts & future projections for growth (32:22) - Who should be getting into BNPL? (33:53)- Regulators (42:33) Please subscribe to the show so you never miss an episode, and leave us a review if you enjoyed the first-ever episode of Deciphered. - You can find Adam Davis here- You can find Ryan Garner here- You can find Nigel Verdon here- You can find Alex Lang here
When we really started covering financial inclusion and financial health here at LendIt five years ago it seemed that we had a very long way to go. Tens of millions of consumers were still left outside the financial system with no credit score and therefore had little to no access to credit. That has changed a great deal in the last five years. At the same time we have seen an explosion in Buy Now Pay Later (BNPL) platforms. Our next guest on the Fintech One-on-One podcast is Greg Wright, the Chief Product Officer at the Experian credit bureau. Experian has released multiple products and tools in recent years that brings the scored population of those actively looking for credit close to 100%. They have also just announced a brand new initiative, a BNPL credit bureau, which is key in their mission to expand financial access.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes
Why would Zip buy Sezzle? We explain it in 5 minutes or less. Every week we pick an investing or business concept and explain it in a refreshingly simple way. This is our 'Simple Sprouts' series. In this episode we cover: Recent news about a potential acquisition between Zip and Sezzle How the Buy Now Pay Later (BNPL) sector is consolidating Why Sezzle compliments Zip's expansion plans Listening to us on Spotify? Rate us 5-stars! It really helps support the pod. Leave us a Review! If you enjoy listening to the podcast, we'd love for you to rate us 5-stars on iTunes / Apple Podcasts. Here's a link to leave a review right now :). Take our survey and let us know how we're doing. Have a concept you want to be explained? Send them to freshcapitalpodcast@gmail.com All information contained in this podcast is for education and entertainment purposes only. It is not intended as a substitute for professional financial, investment, legal or tax advice. The hosts of Fresh Capital are not financial professionals and are not aware of your personal financial circumstances. Any opinions expressed herein are not recommendations or advice. Please consult a licensed financial professional before you invest. For more information visit our website at https://www.freshcapital.media/
LongShorts - Banter on All Things Business, Finance, and People
It's the new year and we're back with a brand new episode of LongShorts! Our guest is Karan Mehta, the Co-founder and CTO of Kissht, a digital lending platform that offers BNPL and merchant level credit in India. Backed by his profound technological insights, Karan walks us through Kissht's journey and at the same time, gives us an account of the different models of Buy-Now-Pay-Later (BNPL) and consumer durable finance which are at play in the market. Karan is a fintech veteran and offers a bird's eye view into digital lending, the technological possibilities when it comes to better underwriting and fraud detection and the immense opportunities and potential that lie in the field.
Alexander Wieland es actualmente cofundador y COO de Aplazo, una fintech de Buy Now Pay Later (BNPL), que levantó en una serie semilla 5.25 millones (liderada por Kaszek) y luego una serie A de 27 MDD liderada por Oak HC / FT, con la participación de los inversores existentes Kaszek y Picus Capital, adicionalmente ha levantado 10 MDD en deuda incremental de Architect Capital. Alexander empezó su carrera en Citi, antes estuvo como Director de Operaciones de OYO en México, así como Director General de Lime (empresa americana de renting de patines que ha levantado más de 1.5 billones), y previamente fue Regional Manager de UberEats México. En este episodio platicamos de: Como el ser intraemprendedor te brinda herramientas y te abre muchas puertas a la hora de emprender Los retos y los beneficios de emprender una FinTech durante la pandemia Cómo mantener la motivación Relación entre socios El momento correcto para levantar capital
Welcome to Small Business Snippets, the podcast from SmallBusiness.co.uk. Today's guest is Sian Gabbidon, entrepreneur, TV personality and winner of The Apprentice 2018. We discuss her favourite task on the show and social media's depiction of entrepreneurs. This episode was brought to you in partnership with UPS. You can also visit smallbusiness.co.uk for more on starting your own business. Remember to like us on Facebook @SmallBusinessExperts and follow us on Twitter @smallbusinessuk, all lower case. Don't forget to check out the video version of this episode and subscribe over on our YouTube channel! Sian Gabbidon podcast transcript Hello and welcome to Small Business Snippets, the podcast from SmallBusiness.co.uk. I'm your host, Anna Jordan. Today we have Sian Gabbidon – entrepreneur, TV personality and The Apprentice winner in 2018. With a keen interest in fashion as a teenager, Sian did a fashion design with marketing and production degree at the University of Huddersfield. She went on to create her swimwear brand, Sian Marie, two years before appearing on The Apprentice. But with a global pandemic affecting sun-seeking holidays, Sian quickly had to pivot to loungewear, reporting a loss of £47,000 from the brand. She's since bounced back, partnering with George at ASDA to launch her loungewear range at the beginning of November 2021. We'll be talking about growing your brand on Instagram and handling a business while ill with Covid-19. Anna: Hi, Sian. Sian: Hello, how you doing? Anna: I'm very well, thank you. How are you? Sian: Yeah, not bad. You started out posting your designs on Instagram after you graduated from university. At the time of recording, you've grown that following from almost 120,000 on your personal account, and almost 70,000 on your Sian Marie loungewear account. I'm sure our listeners would love to know – how do you engage with your audience and build your brand on Instagram? Sian: It's a lot more difficult nowadays than it was back when I first set up. Nowadays with Instagram, you have algorithms and all kinds of things going on that can help or not help. But for me, it was quite organic, especially back before The Apprentice on my business page. We just ended up getting quite a lot of stylists, and even celebrities and people following us because we have designs that others didn't really have. So, we just really organically grew that following and got more and more support. Then obviously pivoting into lounge, it's almost like a new audience has came about now as well. When I was first using Instagram, back in the day, when I first set the brand up, it wasn't as monetised as it is now. You weren't really paying to get seen, you were seen automatically. Everyone that follows you will see your posts, whereas nowadays because you have to pay for posts, especially as a business, it's a lot harder to reach the audiences. You just have to spend a bit more money now. Whereas back then it was a free for all and everyone just saw everything that you posted. I imagine stylists were probably looking through Instagram at the time to try and find businesses like yourselves. Sian: Definitely. I think stylists use places like Instagram for new talent. It's perfect for those guys – they don't have to go to a store to find things. They could literally just look online, find some really unique different designs. That's what we were all about, especially with swimwear. It was very much one-off pieces, and pieces that you wouldn't crash at a pool party in, so it was perfect for celebrities. What kind of advice would you give to creative entrepreneurs now to get noticed on Instagram? Sian: I would say now that it still does boil down to that raw talent. If you've got a raw talent and you create amazing designs and use the right hashtags – there's a few tricks of the trade within Instagram that will help you get seen. But I think having that talent – and engaging with the people that you want to see – or sometimes that can work is the kind of tricks of the trade within that you can use to be seen. But I think yes, it's mainly just about having the talent and getting your pictures on there. And pushing it as much as you can and being a consistent person, posting every single day, making the people that follow you almost know when you're about to post so that they can be prepared for it. There are peak times for posting. With Instagram, you should always be posting regular content without posting too much with them without not posting enough. It's a really tricky balance because you want to keep people engaged, but you don't want to annoy them. But I think as a designer, especially when we're creating, if you're creating pieces that are one-offs, get throwing them all on there and have a wall full of your work so that people, when they do find you, can just flick through and see everything. Once you became a bit more established, were getting noticed by the stylists and everything, I believe it was an influencer who wore one of your pieces and you got recognised off the back of that as well. Then the pandemic hit, and of course, people are not going on the sunny holidays. They're stuck at home and you had to pivot to loungewear very, very quickly. Tell us a bit more about how you went about doing that and how long it took. Sian: Yeah, so we were like, 90 per cent swimwear in the UK pre-pandemic, and then the pandemic hit. I think we just launched a range in the March, a full swimwear range. It was an absolute nightmare. People were sending stuff back saying that their holidays were being cancelled. I remember first hearing about coronavirus and having a bit of a, ‘Well, we'll see what happens. It's probably going to be fine'. I think back to May, and then this all kicked off. And I was like, ‘Oh my gosh.' This is destroying for my type of business. We did always plan to expand into new areas, just not as quickly as we had to do with the pandemic. It kind of forced me and us to expand quicker than we wanted to. But it's actually, out of such a terrible time, it's probably been the best thing that we've ever done. Because loungewear for me now – it's just proven how hard swimwear is, because it's seasonal. It's a much smaller demographic graphic in some ways than loungewear. And the way that, as a designer, and as a brand owner, the way that we turned around the product and made everything happen was so much quicker than it normally would be for a fashion brand. But I think I look at that now and pat myself on the back for being able to adapt it and change so quickly and react to what was going on. And yeah, survive it, I guess. One of the key attributes of a business owner is to be nimble and to be able to adapt very quickly. You even had Covid-19 yourself – how did that affect you and the business? Sian: Having Covid was dreadful. Even now, I can't taste or smell. It's so bizarre – it's been months now. And yeah, I can't taste or smell anything. On a personal level, having Covid myself was weird. I was more scared for family and friends, making sure that everybody else will be alright. My mum's literally just found out she's got Covid today. She's an NHS nurse. Covid itself was just such a strange thing to live through and to be a business owner through. Every business on the planet was affected in some way by it. And it's sad that some of them didn't make it. But you know, luckily for me, I could adapt. I was on the ball and I was involved. I think sometimes people think I'm just sat on a beach enjoying life. It's really not like that as a business owner – not for me anyway. Yeah, absolutely. I think there's a thing with entrepreneurs, especially on social media, where they're sort of living the highlife and having a good time, but I think there's less of the imagery of, I don't know, sitting with a planning board at three in the morning and that kind of thing. Sian: Social media is amazing. But I think it does depict entrepreneurs and business owners in a certain light that makes everything look glamorous, which is what it 100 per cent is at times. But then there's a lot of the time where it's just hard work. You work long hours, you're full-on, there are a lot of hurdles, a lot of stresses. I think that's why probably a lot of start-ups struggle or they don't make it past certain hurdles, because they're expecting everything to be rosy and it really isn't. Even in my position now, we're doing really well, we're growing and we're going in the right direction, and I'm in a really happy place. But there are still hurdles, there are still issues, there are still stresses every single day, but as a business owner and an entrepreneur, are you ready for that? You're ready to attack that and to keep going. What's the most stressful thing you face as an entrepreneur? How do you tackle it? Sian: One of the things that I struggle with as an entrepreneur, it's a very funny one and I'm sure others would agree, is letting go of things and letting other people do them or manage them. My business, I started myself in my bedroom and I know every single part of the business, even now. And I think it's hard. I am all about my brand so everything I do is about the brand. And I care. And I think sometimes just letting other people manage things and having a team of people who you need around you, but then allowing them to do it for you. I really struggle with it even now, you have to as the business grows, but I like to do everything myself. I can't – you can't do everything yourself. Is that just a case of, ‘Okay, breathe'? Let them do the thing, trust them? Or is there something specific that you do to try and ease that anxiety? Sian: I think to help with that, it's about employing the right people. It's about making sure that they're well-trained and know what they're doing, and that they know you're there if they need help. If they really need to speak to somebody or ask someone. For me, it's making sure you've got the right people in place for the job. And then allowing yourself to be open to questions and giving help if you need to. Great. And another challenge that's coming up that may affect you, is the possible regulation of the Buy Now Pay Later (BNPL) market? Because I understand that you use a BNPL facility on the site. It's still under consultation at the moment, but how do you think that's going to change that side of the business for you as a retailer? Sian: Are they saying they're not going to allow it anymore? Anna: No, it's just that it might be regulated, like other credit facilities – credit cards and so on. So, it's more stringent checks and being more lenient with people who are struggling to make repayments and that kind of thing. But it looks like the retailers might have to be authorised by the Financial Conduct Authority as well. Sian: In terms of Buy Now Pay Later, and we do have it on our site, it does come in handy. The majority of our sales are just bought directly, through PayPal or credit card. So, depending on how that works, it might affect us slightly, but I think anything that's going to make people safer and help avoid them getting themselves into debts or anything like that, then, as a business owner, you've got to make sure people are safe, that's the priority. You started the business on a very low budget. What kind of advice would you have for, say, sole traders or entrepreneurs who want to start a business on a low budget? Sian: Anyone wanting to start a business on a low budget, I would say, don't be put off by that. And it actually was, I think, I would personally say it was great for me because it taught me how to be smart with money and how to reinvest profits. I worked full-time when I first set the business up, didn't take any money out of the business for myself for quite a while I just built the pot. And luckily working allowed me to do that. And me having really early mornings and really late nights to manage your business and a full-time job. But that was my plan. I didn't want to put too much pressure on making money to begin with, it was more about getting the right things in place, having the website, having some cash saved up for any rainy days or anything that I need it for. I would just say, you definitely can do it, you just have to be very smart about planning and money management. I'd like to talk a little bit about The Apprentice and your time on it. So yeah, you got right through to the final. What was the most memorable task for you and why? Sian: The most memorable task for me in The Apprentice was definitely the QVC task, like selling on TV. I remember taking a massive punt and saying, ‘Right, I'm going to pick the most expensive product that we could choose from.' And in my head, I kind of said to myself, ‘If we win, amazing. If we don't win, I'm probably going to get kicked off for this task.' But it was one where I thought, ‘You know what? I'm going to take a risk and I'm going to hope that Lord Sugar appreciates me taking the risk. And luckily, I think we won – I'm pretty sure that we won that task. And everything paid off for me. So yeah, that was my favourite one. Right at the very end, you and Camilla, you seemed to – not as much as other years – but you seem to be in quite a head-to-head with a lot of arguing. Then all of a sudden, once Lord Sugar had made the announcement, it's as if something just fell. And you're not best friends. But you know, you kind of made up again. Tell us what it's like being in that final, that final meeting room scenario. Sian: At the time, we were actually really good friends. And we were very similar age-wise and interests, whatever else. So, it was a really strange situation because it was like we were really buzzing for each other when the fan then you were competing against each other. But we knew that when we were in front of Lord Sugar and was in the final grilling, we kind of knew the situation. And we knew that we'd have to say things about each other's businesses and about each other. And I think we just kind of took it and ran with it. But we knew that off-camera and behind the scenes, we were friends, and we genuinely would have been whoever, whatever the outcome would have been and whoever would have won, we would have been happy. Had that been coming I would have been absolutely pausing for. It was a really strange one. But what obviously for me, I'll never forget the moment that I won. But then being in the final was another thing that I'll never forget either because it was a girl power final. Were you encouraged to ham it up or was that all real? Sian: Everything on the show is real. Everything that you see is real. It's emotional. You've been in there for a long time, we're tired, you've been doing all these tasks. And especially by the final I was a bit like, I'm so competitive as well, that I was like by this stage, ‘If I don't win now, I'm going to be absolutely fuming.' So fine. I was like, ‘I'm knackered, but this is the final hurdle now and I need to win it.' You know, I would have kicked myself if I'd came second. Anna: Well, great. I mean, that seems like a great place to wrap up. Thank you so much for coming on the podcast. Yeah. And it's been wonderful to have you. Sian: Thank you for having me. It's been great. You can find out more about Sian Marie at sianmarie.com. You can also visit SmallBusiness.co.uk for more about growing your brand on social media. Remember to like us on Facebook @SmallBusinessExperts and on Twitter @smallbusinessuk (all lower case) and subscribe to our YouTube channel, linked in the description. Until next time, thank you for listening.
I detta avsnitt får du lyssna till Anders Engdahl som för ett år sedan tog över VD-posten på Intrum. Vi får höra hur de har tacklat pandemin, nuläget och vägen framåt. Dessutom berättar han mer om transformationen mot One Intrum och vad den skiljer gentemot förut. Vi får även lyssna till hans syn på trenden med Buy Now Pay Later (BNPL) och mycket mer! Här finner du det första avsnittet med Intrum https://soundcloud.com/investeraren/bonusepisod-kredithanteringsbolaget-intrum Delikat lyssning på dig, Nicklas
In this conversation, we chat with Adam Hughes – the Chief Executive Officer at Amount, a technology company focused on accelerating the world's transition to digital financial services via its digital retail banking platform, world-class digital authentication & fraud prevention tools, and ecommerce point-of-sale financing technology. Prior to his role at Amount, Adam was President & COO at Avant, an industry-leading digital consumer lending platform. Earlier in his career, Adam was an early employee at Enova International where he played a critical role building and scaling the company's international digital lending business. Adam holds a bachelor's degree from Northwestern University and is a member of the Founders Pledge community, a group of entrepreneurs and investors who have pledged to give a substantial part of future proceeds to charitable causes More specifically, we touch on digital lending industry Buy Now Pay Later (BNPL), as well as the trends of working with large banks and enabling their digital transformation to access some of these themes as part of embedded finance and banking-as-a-service.
Do you want to increase your AOV while also making shopping more flexible for your customers? You're missing out if you haven't already adopted a Buy Now Pay Later (BNPL) platform! We were lucky to have Gary Rohloff, Co-founder and Managing Director at Laybuy join Leo and Waldo on Talk'n Shopify this week. Gary shared his incredible journey about how Laybuy transitioned from a family dinner-table discussion to being listed on the ASX and having 12,500+ merchants in 3 countries just 4 years later. Listen to this episode to see how a BNPL tool increases sales, what makes Laybuy unique and how being bold can lead to high-scale growth for Gary and his family. Visit the Laybuy website: https://www.laybuy.com/nz/ Thanks to Gorgias for being such a great sponsor! For more information about Gorgias, the Number 1 rated helpdesk for eCommerce merchants click here for 2 months FREE - https://gorgias.grsm.io/zyberpodcast For more information about Zyber Digital Visit our website - https://www.zyber.co.nz Follow us on Facebook - https://www.facebook.com/zyberwebdesign/ Follow up on LinkedIn - https://nz.linkedin.com/company/zyber Join our exclusive Facebook insider groups Shopify NZ - https://www.facebook.com/groups/shopifynz/ Shopify VIP - https://www.facebook.com/groups/shopifyvip Follow us on Instagram - zyberhq
While the Buy Now Pay Later (BNPL) service has been gaining traction and recognition as an alternative payment method, there are also concerns surrounding it such as incurring unnecessary debt and spending beyond one's means. Amrish Rau, CEO, Pine Labs provides an overview of the BNPL landscape, the effectiveness of regulatory frameworks on its usage, and some of the possible impacts. See omnystudio.com/listener for privacy information.
In this latest episode we speak to Matthew Gregory and Joe Bamford about the Treasury's consultation paper on the regulation of Buy Now Pay Later (BNPL) products. The consultation, published on Thursday 21 October, follows the Woolard review earlier in the year, which proposed the regulation of BNPL, after a huge increase in the size of the market. In this podcast, Matthew and Joe provide their initial thoughts on the Treasury's proposals – including which sort of firms might need authorisation and what sort of products are likely to come into scope.
This episode of Future of FinTech is on the future of Buy Now Pay Later (BNPL), and will cover why BNPL works where other consumer lending ideas haven't, why millennial consumers are the driving force behind BNPL, what makes a great BNPL merchant, and untapped BNPL opportunities outside of ecommerce.Future of FinTech is hosted by Immad Akhund, founder and CEO of Mercury, and Sheel Mohnot, Partner at Better Tomorrow Ventures.Guests this week include:Lawrence Lin Murata, founder of SlopeBobby Tzekin, founder of WisetackDana Stalder, General Partner at Matrix, Director at Afterpay
Killian Brackey is the CTO at Sezzle, a Buy Now Pay Later (BNPL) payments tool working with global brands like Discover, Target, Lamps Plus, GameStop, Barstool Sports and more. Over the last few years Buy Now, Pay Later (BNPL) has exploded in popularity, especially during the peak of the pandemic when online spending saw record levels. Now that stores have fully reopened across the country, consumers are looking to get a fix of the in-store shopping experiences. However, many still want to have the option to finance their purchases with BNPL payments platforms. Additionally, BNPL will only improve the touchless experience at the register, with tap-to-pay tools, improving the overall contactless experience. Killian discusses what Sezzle is doing to move the needle on that front with its own tap-to-pay technology, as well as Apple's move into buy now, pay later, whether big tech is set to take over the space (and why that may not be a good thing for innovation), and more.
One year after the pandemic, the way consumers shop has massively changed. BigCommerce and PayPal surveyed 3,000 consumers in our 2021 Consumer Spending Trends Report to better understand how and where today's consumers are spending. PayPal SVP Dan Leberman joins the Make it Big Podcast to dissect the data and help you understand where consumers are shopping, which channels they prefer, how they opt to pay and more. From digital wallets and QR codes, to Buy-Now-Pay-Later (BNPL) and Buy-Oline-Pickup-In-Store (BOPIS), we cover the latest emerging spending trends so you can better understand your customers now — and in the future. --- Dan Leberman is SVP of SMB and Partnerships at PayPal: https://www.paypal.com/us/home Discover the full 2021 Consumer Spending Trends Report: https://www.bigcommerce.com/resources/guides/consumer-spending-trends-cdl-report/ --- Want even more Make it Big insights? Get inspired by industry experts at the Make it Big 2021 conference — available on demand today. https://www.bigcommerce.com/make-it-big/
Buy Now Pay Later (BNPL) services have increased in popularity in recent years and are ready to become a popular mode of financing. Experts claim that demand for BNPL has been accelerating in India for the past three to four years. Further, COVID-19 has boosted its demand. BNPL has now established itself as a more comfortable payment option, reducing borrowers' financial stress by providing no-cost EMIs. Uni Cards, which recently secured $18.5 million in financing, has launched its Uni Pay 1/3rd card. The product aims to enhance the customer experience in the credit card business. Uni Pay 1/3rd card is not a credit card, even though it functions similarly to a conventional credit card on the surface.
Commercial Awareness with Watson’s Daily business and financial news
In this episode, Julia and I talk about Lego's success so far and what it prospects might be as well as the potential impact of Mastercard wading into the world of Buy Now Pay Later (BNPL).
Skippy goes straight Limitless — he had a reading extravaganza these week and brought it to the pod. The episode kicks off with listener mail to give some thoughts on where to push long term cash. This leads to a reflection on the 22 year old prediction of Dow 36,000. Then comes a barrage of quick hit topics: MicroStrategy & Bitcoin, the China crackdown continues, Walmart doesn't actually accept Litecoin, states and pay transparency, the ESG investing compensation machine, how gas stations make money, what it will take to retire, Ray Dalio and Bitcoin, the Cyberkong NFT…was Second Life right?, Buy Now Pay Later (BNPL), shipping clogged up in Southern California, and teaching personal finance in schools via stock picking. Last, a couple non-quick hits are how narratives impact valuations and the art of keeping things simple.
Nick Grant is the Head of Healthcare at Openpay, a next-generation payments solution offering Buy Now Pay Later within healthcare and other markets. In this episode, Nick shares his journey from a former practising osteopath to Head of Healthcare for Openpay, and why he's committed to helping healthcare providers extend the choice to their clients to manage budgets better when it comes to accessing healthcare. Key takeaways: Openpay is an Australian-owned fintech business. They connect merchants and healthcare providers to consumers under a Buy Now Pay Later payment solution. The Buy Now Pay Later (BNPL) model has been incredibly successful in Australia. Unusually for a BNPL provider, Openpay appointed a Head of Healthcare which was a clear signal of the importance of overcoming and supporting some of the barriers and issues that exist in healthcare. Consumers and customers want transparency, they don't want interest-bearing products that are going to shock them at a later point. Openpay is committed to providing a responsible way for consumers to get what they want and need. Resources and links: https://www.opy.com/au/ https://www.linkedin.com/in/nick-grant-a6037066/ Connect: https://www.linkedin.com/in/yianni-serpanos/ https://www.linkedin.com/company/healthtechx https://www.instagram.com/my_healthtechx/ https://www.meetup.com/HealthTechX/ See omnystudio.com/listener for privacy information.
Brian Shniderman, the CEO of Opy and the Chief Strategy Officer for OpenPay is our special guest on this quarter's Pulse of Payment edition. The topic for this episode is one of the hottest trends in payments - Buy Now Pay Later. Not a day goes buy without an article being written or announcement being made in this space. From Square's acquisition of AfterPay to Apple's announcement that they are partnering with Goldman Sachs to offer a buy now pay later solution. OpenPay offers a unique buy now pay later solution in Australia and the UK and will be launching in the US in Q4. Brian starts by providing a definition of buy now pay later (one that I think you will find interesting) and then we discuss the value to merchants and consumers. We also talk about the US and global landscape, some of the trends in the space and why buy now pay later has exploded in the last 18 months.
In this podcast, Mr. Gaurav Hinduja — the co-founder of Capital Float — provides us with valuable insight on his experience with launching one of India's most valued FinTech startups, and the future of Buy Now Pay Later (BNPL) services.
Despite lockdowns, Aussie investors have been keeping busy, buying into sectors that will do well on the other side of COVID-19. Plus, local Buy Now Pay Later (BNPL) stocks lost their mojo after the industry got a shake-up.In this week's wrap, Jessica covers:(0:17) Post-lockdown optimism helps the Utilities sector rise the most(0:37) Spark Infrastructure Group (ASX:SKI) lifting 17%, after receiving a fresh vote of confidence(1:01) The companies set to benefit as exports to China and the iron ore price surge(2:52) The impact of Apple's plan to enter the BNPL industry(4:02) An in-depth look at bullish lithium stock: Orocobre (ASX:ORE)
Atome is a leading Buy Now Pay Later (BNPL) platform in Asia, which found its way to Malaysian shores last quarter of 2020. It is part of Advance Intelligence Group, a Series-C AI-driven technology company in Singapore, which is now working to partner online and offline retailers in the region to increase conversions and grow average orders and customer segments. We speak with Atome Malaysia & Singapore General Manager, Trasy Lou Walsh about the platform’s rapid growth in Malaysia, and how Atome supports the local retail industry to flourish, recover and respond to the growing demands of today’s consumers. Image Credit: Atome | atome.my
This week, I am joined by Janice, part of the Black Girl Finance team, to discuss Buy Now Pay Later (BNPL). Buy now pay later companies have sprung up out of nowhere, new shiny and plastered overall shopping carts and payment options of absolutely everywhere I shop. Easy to use and now thoroughly embedded into our online shopping experience, no wonder BNPL has taken off. However, what are the downsides of BNPL, the FCA will be bringing in regulation and charity Step change have raised concerns about the increasing debt of young people attributed to BNPL. We discuss What BNPL is? Why you might decide to use it, and how to use it effectively.
While FinTech darling Klarna is a licensed bank with financial products, its brand and trajectory behave more like an upstart ecommerce organization focused on consumer adoption. Klarna, which pioneered the fast-growing Buy Now Pay Later (BNPL) payment system, has a market valuation of more than $31 billion and more than 90 million customers around the […]
Anna Albinsson, International CMO at Dun and Bradstreet, is joined by Henrik Ståhl, Engineering Director of the Klarna App at Klarna, where they converse about the drivers around consumer adoption of Buy Now Pay Later (BNPL) models. They also explore how COVID-19 has impacted the retail market and online shopping boom, using data to make a smoother, more personalised online shopping and payment experience, and Klarna's significant growth.
In this instalment of our From the helm series, Bell Direct's Jessica Amir speaks to Zip's (ASX:Z1P) Co-founder and COO, Peter Gray.The Buy Now Pay Later (BNPL) industry has never been hotter, and Zip has become an increasingly dominant contender in the United States. It's been one of the most traded stocks across Bell Direct, it's rated as a Citi BUY, with many viewing the stock as the undervalued cousin of Afterpay... In this video Peter discusses:Where Zip sits in the BNPL industryZip's unique selling proposition and who it's appealing toContinued growth in a seasonally weak periodCatalysts for future growth: gaining US market share & moving into AsiaHow the business views the competitive landscapeFuture horizons: the two-year plan
We dig deeper into two fintech verticals - stock investing apps and the business model of Robinhood as well as Buy Now Pay Later (BNPL) and the reasons why Klarna is Europe's most valuable private fintech company.Should you start a new stock investing fintech and will we stop paying full price for goods immediately as the new norm in shopping? Find out in the latest episode!Things you will learn from listening to this episode:Stock investing apps:Why does it matter and what are the reasons behind its scorching growth?What is payment for order flow and what does it have to do with Bernie Madoff?What are the incentives and conflicts of interest in the Robinhood business model?What demographic factors shape this market in the US and in Europe?Who are the main emerging players?Does it make sense to start a new company in this space in Europe?How can you as a consumer get to trading stocks?BNPL:What is the business model of Klarna, the pioneer of this industry?What's in it for consumers and retailers?Why has this business model not taken off in the Baltics yet?Who are the likely entrants in this space in Baltics and which major companies can be expected to diversify into this business line?Highlights of the weekOur first guest Toms Niparts and Jeff App raises 1mUSD Estonian co-founded InsureTech Zego hits unicorn numbers with 1.1bnUSD valuation in the latest roundFind out more on https://www.pursuitofscrappiness.co/
On this episode of the show, we talk about the various ways financial products are communicated and marketed to women and young people. We touch on the 8-month campaign by Alice Tapper, author of Go Fund Yourself to get Buy Now Pay Later (BNPL) schemes regulated by the Financial Conduct Authority (FCA). For our 5 minutes, we give you some hints and tips on securing speaking gigs at Public Relations, Communications and Marketing events. Go Fund Yourself https://www.gofundyourself.co/ Campaign to regulate buy now pay later schemes https://www.gofundyourself.co/bnpl Shop looks inspired by Killing Eve with Klarna https://www.klarna.com/us/blog/shop-looks-inspired-by-killing-eve-with-klarna/ Why you shouldn't trust a trader bro on Go Fund Yourself Instagram https://www.instagram.com/p/CDJ7TFiHDcj/?utm_source=ig_web_copy_link Opinion: My teenage son has joined the GameStop gold rush. How worried should I be? Emma Beddington https://bit.ly/3tq41kl TikTok for financial advice? Young people are turning to the video app for tips to weather the recession https://cnb.cx/3aDF2kP Terrible financial advice is going viral on TikTok https://bit.ly/3aEGIe0 Time to blow up problem debt https://on.ft.com/3pUV8wP ASA takes action against misleading debt advice ads https://bit.ly/2MChXah A Woman's Worth- Natwest and Stylist https://www.stylist.co.uk/series/a-womans-worth Young Money https://www.youngmoneyblog.co.uk/ Teen Vogue - Money https://www.teenvogue.com/tag/money I'm Talking About Money Again https://bit.ly/3jjQc2e Back to Money Basics https://bit.ly/3rrcJwR Ronke Lawal - Public Speaking coaching https://www.ronkelawal.com/book-a-private-consultation Working For Free: Who Is Paying Really? https://the-frugality.com/working-for-free-who-is-paying-really/ Speaking at Ted https://www.ted.com/about/conferences/speaking-at-ted Talk Like TED | Carmine Gallo | Talks at Google https://www.youtube.com/watch?v=AFTPyvO6kcY Find Rebecca: Twitter: https://twitter.com/rebecca7roberts https://twitter.com/threadandfable Linkedin: Rebecca Roberts Website: https://threadandfable.com/ Podcast: The Hear It podcast Find Harriet: Twitter: https://twitter.com/HarrietSmallies Linkedin: Harriet Small Website: https://www.commsoveracoffee.com/
Commercial Awareness with Watson’s Daily business and financial news
In today's episode, Duncan and I discuss the crackdown on Buy Now Pay Later (BNPL) companies, Alibaba's amazing performance and Jeff Bezos stepping back from Amazon...
Buy Now Pay Later (BNPL) stocks are hot at the minute with Afterpay creating a mini internet storm with its rising stock price. In this weeks podcast, we review the various BNPL stocks in the market and what the future holds fo these companies. --- Send in a voice message: https://anchor.fm/cheeky-investor/message
Splitit is the new kid on the block in the Buy Now Pay Later (BNPL) industry. It recently had an IPO, is listed on the Australian Exchange and is going through a period of incredible growth. The CEO, Brad Paterson, is the main guest on Episode 6 of the Strategy Sessions and talks about his journey from marketing to the top job. Before joining Splitit, Brad accumulated a wealth of knowledge over nearly two decades working with some of the world's most successful payment companies, including Intuit, PayPal, and Visa. He also ran a successful sports blog, Round Eight and we discuss all of this and more in the show. We've got a T.O.P.T.I.P from Sam Taylor, Technical SEO Consultant with Evolved Search in Newcastle. Evolved have a stack of clients in the financial services sector and are a seriously impressive agency. You also get 10 minutes from me, talking about the 7 Questionsframework I use with clients. As always, a big thanks to our sponsor, Moyee Coffee. I'm a big fan of the coffee and the work they're doing to help farmers in Ethiopia and Kenya achieve a living income. Please check them out. Brad Paterson – CEO, Splitit Brad is an Aussie living in Northern California, running BNPL provider Splitit. Prior to this role, he was Intuit's VP of Marketing, leading the go-to-market team responsible for the US QuickBooks Online revenue and customer outcomes. His responsibilities included the strategy, sales, marketing, and general business operations for the QuickBooks Online portfolio. Before moving Stateside, Brad served as Intuit's VP of Asia-Pacific and Global Operations, driving business growth in critical international markets. He also served as PayPal's Head of Merchant Services, Asia-Pacific and Visa's Director of Consumer and Emerging Products for Australia and New Zealand, among other roles at the two companies. You can connect with Brad on Twitter @OzDane where he talks work and Aussie sport or LinkedIn where it's all work. His book recommendations are: Trillion Dollar Coach: The Leadership Handbook of Silicon Valley's Bill Campbell by Eric Schmidt Originals: How Non-conformists Change the World by Adam Grant The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers by Ben Horowitz Also worth checking out Brad's tweet about kangaroos roaming the streets of Australia. T.O.P.T.I.P from Sam Taylor Sam has worked in SEO for 8 years and is Technical SEO Consultant at Evolved Search, where she provides technical and onsite consultancy to a range of large ecommerce and finance clients, including household names such as Ocean Finance, thinkmoney, and River Island. She organises the Newcastle Search meet-ups and was shortlisted for Young Search Professional of the Year at the 2019 UK Search Awards. Find Sam on Twitter @_spamtaylor or LinkedIn. Andi Jarvis The blog I wrote about the 7 Questions framework is available at EximoMarketingStrategy.com/7questions. If you have any questions about the 7 Questions or anything that was discussed in the show, the best place to get me is on Twitteror LinkedIn.
This week we take at look at how heightened customer expectations are really driving Buy Now Pay Later (BNPL) services across the Australian and New Zealand Markets. Guests include Tommy Mermelshtayn, Chief Strategy Officer at Zip Money and Kate Wilson, Research Director – Australia and New Zealand at RFi Group. Tommy shares an overview of the BNPL landscape, ZipMoney's customer centric approach, the impacts of regulation on the market, how they differentiate themselves and what they have planned for the near future. Kate shares data and insights into the trends within the BNPL space across awareness, usage, demographic variances, channel usage and satisfaction as well as the needs gap behind BNPL services and predictions around whether or not BNPL will displace other credit services available to consumers. The Global Digital Banker is an insight-backed podcast series focused on key trends, market insights, thought leadership and best practice within the fast growing and dynamic world of digital banking. www.globaldigitalbanker.com
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