Earned Wage Access (EWA) providers could be creating potential consumer debt with the same perspective for jeopardy as BNPL.
The canary is now 10+ years old as prominent platforms like SoFi and Upstart launched in the early 2010s, and Freedom Financial (now Achieve) has been around for two decades.
For entrepreneurs looking to overcome these challenges, revenue-based financing is a compelling alternative.
To help curb the effect of inflation and recession on the bottom line, the key is to challenge the internal costs, more specifically, the internal costs of the purchasing chain and processes.
It is becoming increasingly necessary for financial institutions to start thinking outside the box for ways to grow and diversify their loan portfolios.
With regulation taking center stage, there's an opportunity for banks to take the place of some large BNPL providers and lead the space.
Banks must find a way to optimize the digital customer experience while simultaneously ramping up security.
BNPL providers should consider the FTC's suggestion to "conduct a compliance check," including reviewing their policies and procedures.
TikTok has been falling short, and banks need to step up. Here's how they can learn from financial influencers and help customers.
BNPL is more critical than ever, especially in healthcare. It's not a "nice to have;" it's a must-have if we want to help more Americans access the health care they need.