Co-Founder | SwiffyLabs
The BNPL industry is rapidly growing due to increased adoption by younger generations like Gen Z and Millennials. However, this growth brings challenges, particularly with regulatory scrutiny; EU, US, and UK are considering stricter regulations to address consumer risks such as overextension and data protection. Despite these challenges, the BNPL market is projected to continue expanding, with global transactions expected to reach nearly $450 billion by 2026.
In this session, we will be journeying into the opportunities that arise from integrating financial services into non-financial platforms and examine the shift toward contextual banking products that are accessed at the point of need through the trusted brands and platforms that consumers and businesses already use. We will explore the effects smart contracts and automation have on the experience between the BaaS provider, client and the end-user. We will also look at the benefits stemming from applying AI tools to various regulatory and compliance processes, such as AML delving and KYC models.
partners