Financial Services

Many may turn to BNPL to make these purchases, providing a growth opportunity for providers

As the deal gets close to being finalized, banks and payment players need to prepare for a new competitive landscape

Nonbank lenders face lighter regulatory oversight than traditional lenders, allowing them to take on more risk when it comes to AI. When used in the lending process, AI can speed up approvals and communications while personalizing service.

This leaves the BNPL industry back at square one in terms of regulation, creating uncertainty for providers

Issuers can tap these models to reach a new customer segment and boost their credit card account openings

As hype over the asset class explodes, players want to capitalize on early-mover advantages

These can fuel more frequent debit card usage, helping these cards better compete against credit card programs

The company is likely looking for ways to reinvigorate growth after a weaker-than-expected Q4