Buy Now, Pay Later: Navigating Regulation and Financial Empowerment
Key Takeaways Growing concerns and need for regulatory compliance in BNPL space The BNPL industry has significantly expanded from 2019 to 2021. There was an astonishing 970% surge in the loans issued by BNPL lenders. Also, BNPL users quadruple. Buy Now Pay Later (BNPL) has experienced an explosive surge in popularity thanks to its […]
Top 5 Compliance Challenges for the Financial Services Industry
In the ever-evolving landscape of the lending industry, compliance has emerged as a vital cornerstone for success. With its complex regulatory framework and stringent requirements, the financial services sector emphasizes maintaining compliance standards. For lenders, adherence to regulatory guidelines and industry best practices is not merely a legal obligation but a strategic imperative. It ensures […]
