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.
While many "green" fintech startups like Aspiration or Sugi appear on the market, their infrastructure can stay environmentally harmful.
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.
As workers require more technical and digital skills to master emerging technologies, many organizations risk being left behind.
As Gen Z grows into a robust consumer base, we need to consider factors influencing them and adjust strategies to attract and retain them.
By offering buyers more flexible payment terms, BNPL encourages consumers to take on more debt they may not be able to repay.
The economic, reputational, and strategic implications of enforcement action can long outlive the action itself.