Buy Now Pay Later (BNPL)

ไทย

Executive Overview

Over the years, de-regulation of financial licenses in many countries has created opportunities for FinTech startups to innovate new products and service offerings, which has gained market share from traditional financial instuitions. Moreover, the disruption in credit card loans heated up since the COVID pandemic, with the introduction of BNPL (Buy now, Pay later), service offering credit to end-customer at Point-of-sales as economic times were difficult.

One of the reason that institutions were unable to keep-up with FinTech startups was legacy infrastructure that was not designed for rapid scaling and product innovation, while new businesses leveraging Banking-as-a-service brought new value propositions to validate with users quickly. By adopting a cloud-based banking solution, this allowed business to iterate Build-Measure-Learn product creation efficiently without the need to be concerned about scalable and secure infrastructure.

Motivation

Validate idea quickly – to accelerate the innovation as startup pace, teams need to access to development friendly platform. According to Lean principle, product need to many iteration of validation and pivot to become a successful one.

Ability to scale – due to investment requirement to build a core banking infrastructure, FinTech startups tend to adopt cloud-base Banking solution due to flexibility of the commitment and pay-per-use cost structure. This also allows ramp-up the infrastructure rapidly and readily.

Embrace inclusion – even though conglomerates/institutions may have many subsidiaries with wide lines of business, scattered and siloed liquidity is not efficiently utilized through composable architecture. This inherently reduces liquidity flow and expansion of customer segments and products. Furthermore, this cloud platform could attract new partners and ideas to build on top of.

Solution

Cloud-based core banking system that natively support composable architecture with ability to integrate via API. Without infrastructure to manage, teams are able to focus on product innovation and differentiated user journeys/experiences.

Related Content

  • ทั้งหมด
  • Others
  • Jobs
  • Tech innovation
  • Events
  • Services & Products
  • Joint ventures
  • Leadership
  • User experience
  • Technology
  • Strategy
  • Product
  • Lifestyle
  • Data science
  • Careers
  • Finance
  • Blockchain
Technology Advocacy คือใครกันนะ

SCB TechX หรือ บริษัท เอสซีบี เทคเอกซ์ จํากัด (SCB TechX) เป็นบริษัททางด้านเทคโนโลยีในกลุ่ม ธนาคารไทยพาณิชย์ ซึ่งให้บริการด้านเทคโนโลยีแบบครบวงจร เน้นให้คําปรึกษา ตลอดจนพัฒนา Platforms และ Solutions...

July 23, 2021

Your consent required

If you want to message us, please give your consent to SCB TechX to collect, use, and/or disclose your personal data.

| The withdrawal of consent

If you want to withdraw your consent to the collection, use, and/or disclosure of your personal data, please send us your request.

Message sent

We have receive your message and We will get back to you shortly.