Open Banking & Buy Now Pay Later

The allure of Buy Now Pay Later (BNPL) services has been on the rise since entering the Australian market in 2015. Even more so since the pandemic, consumers are focussing on frugality and are seeking more practical solutions from their financial service providers. BNPL companies, on the other hand, are still capturing the credit risk of their potential customers based on a point in time pull of their credit. Fiskil recently released a whitepaper focused on how Open Banking & the Consumer Data Right can help the BNPL industry to provide a seamless user experience and highly customised offerings. With Fiskil’s APIs, companies can streamline consumer onboarding, enable hyper-personalised product offers and much more, as it seamlessly integrates the banking experience with the BNPL platform. Learn how Fiskil is helping Australian businesses realise the power of Open Data in the Buy Now Pay Later industry.