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Latest RegTech News - Rise of Buy Now Pay Later - BNPL
The rise of Buy Now Pay Later (BNPL) providers has created a growing need for RegTech solutions to ensure that these services comply with increasingly complex and evolving regulations. RegTech is essential to these services as BNPL providers are subject to a wide range of regulatory requirements, including customer protection laws, AML regulations, and KYC requirements. By implementing RegTech solutions, BNPL providers can automate many of the compliance processes mandated by these regulations, helping them stay compliant, while reducing the risk of fraud and other types of financial crime.
RegTech is becoming essential for BNPL providers, and in the upcoming year, BNPL providers will turn to RegTech solutions to help them meet the regulatory requirements of their industry, which in turn will help them minimize the risk of non-compliance, protect their customers, and ultimately, ensure the long-term success of their business.
eBOS provides your organisation with the best possible solutions and expertise to drive innovation and cater to your company’s needs with its state-of-the-art RegTech solutions that automate risk and compliance management.
Book your one-on-one meeting TODAY to learn more about our WiseBOS Suite of Solutions, which includes WiseBOS Transaction Monitoring (TrM) as well as WiseBOS RiSC – Risk, Intelligence, Scoring and Compliance, to help combat challenges associated with BNPL services.