359 articles tagged with this keyword
News/payments
Klarna is closing in on a funding round that would see the BNPL giant's valuation slashed from $45.6 billion last year to just $6.5 billion, according to the Wall Street Journal.
01 July 2022
Following the news of Finastra’s new product, an embedded consumer lending solution, Finastra’s senior director of solution management, Banking-as-a-Service (BaaS), and orchestration, Jeannette Kescenovitz comments on the new service.
News/retail
UK digital bank Monument takes advantage of new opportunities emerging in digital banking by focusing on providing complex services backed by new technologies. Finextra spoke to CEO Ian Rand to explore the new services the bank is developing, the future of financial services, and catering to the mass affluent.
London-based BNPL unicorn Zilch has secured an additional $50m in funding, taking the total raise for its Series C to $160m.
30 June 2022
News/regulation
Tensions between the traditional banking sector and the increasingly popular buy now, pay later industry spilled over this week as Klarna hit back at Barclays' research on BNPL regulation, calling it "mind-boggling" and irresponsible".
24 June 2022
Revolut will roll out its "responsible instalments payment product" - dubbed Pay Later - in Europe, starting with a select group of customers in Ireland this week.
UK-based B2B buy now, pay later startup Playter has closed on a $55 million debt and equity round from the backers of Klarna, SoFi and Pipe.
22 June 2022
Buy now, pay later lenders in the UK will be forced to carry out affordability checks and refrain from misleading advertising and promotions under new rules proposed by the UK government.
20 June 2022
The final day of Money 20/20 Europe opened with a topic hot on everyone’s minds, with the session titled ‘what’s next for buy now pay later (BNPL)?’ As the UK and other governments have started dipping their toes into regulating this form of credit, this panel discussed what needs to be done make this tool sustainable and beneficial to consumers.
10 June 2022
Apple has taken another huge step into financial services, making loans to users of its new BNPL product directly, rather than through a banking partner.
09 June 2022
More than two in five buy now, pay later (BNPL) customers borrowed money to make repayments, Citizens Advice has found, fuelling fears of a looming credit crisis among cash-strapped consumers.
Digital bank Zopa is the latest to jump on the buy now, pay later bandwagon, promising "responsible and sustainable BNPL lending to the UK market".
08 June 2022
Apple has jumped into the buy now, pay later market, enabling US customers to to split Apple Pay purchases into instalments.
06 June 2022
News/people
Klarna CEO Sebastian Siemiatkowski has posted a list of people recently offered severance by the company on LinkedIn, describing the document as a "goldmine" for recruiters.
01 June 2022
US merchants using Stripe can now offer customers buy now, pay later instalment plans thanks to an integration with Affirm's adaptive checkout product.
Six months on from its launch in Ireland, Klarna has reached the milestone of 500,000 total consumers for its buy now, pay later product.
30 May 2022
Berlin-based B2B buy now, pay later startup Mondu is to expand across Europe on the back of a $43 million Series A round led by Valar Ventures.
National Australia Bank is inviting customers to pre-register for the forthcoming launch of a new buy now, pay later offering, punningly dubbed 'NAB Now Pay Later'.
27 May 2022
Scalapay has formed a partnership with circular economy fintech Twig to enable customers to resell products they have purchased via the buy now, pay later provider, and get paid upfront by Twig.
26 May 2022
New Zealand-based buy now, pay later provider Laybuy has hired HSBC's group head of fraud Jamie Byles as its new chief risk officer.
25 May 2022
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