[ad_1]
Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service
Lake Mary, Fla., June 30, 2022 /PRNewswire/ — Finastra today unveiled its embedded consumer lending solutionenabling access to traditional regulated lending options for consumers at point-of-sale (POS). Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.
For end consumers, Finastra Embedded Consumer Lending aims to make the buying process as frictionless as possible, providing more options to consumers and an alternative to the Buy Now Pay Later approach, which is often not applicable to high value purchases. For merchants, the BaaS platform provides access to numerous lenders and their specific products. And for financial institutions, Finastra Embedded Consumer Lending provides access to a marketplace of distributors and merchants to distribute their banking products.
Jeannette KescenovitzSenior Director, Solution Management, Banking as a Service and Orchestration at Finastra said, “Finastra’s Embedded Consumer Lending solution offers financial institutions a direct route to growth by offering loans via a …
Full story available on Benzinga.com
[ad_2]
Source link
