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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

Utah-based FuturePay has consistently appeared in PYMNTS’ top 5 alternative credit apps, with its offer of flexible monthly payments for consumers and up-front settlement for merchants. Klarna also launched its new “Klarna: Swedish for smooother shopping” campaign in June. stores for Google Pay and Apple Pay users.

Lending 130
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BNPL Fraud — When "Buy Now, Pay Later" Backfires

FICO

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. Who Shoulders the Risk? Strategies and Tools for Fighting BNPL Fraud.

Fraud 52
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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Online marketplace for real estate investing. Derivative risk management. Online consumer lending. HQ: Provo, Utah. Tags: Enterprise, investing, trading, risk management, security, compliance. Total raised: $136.7 HQ: San Francisco, California. Source: Finovate. RealtyMogul. Latest round: $18.4

Company 12
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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

Online insurance. HQ: Salt Lake City, Utah. Micro-payments for online content. Online asset lending. Tags: Advisors, institutions, investing, trading, risk management. Total dollars raised YTD is now $16 billion, nearly double the $8.4 billion raised during the same period a year ago. ——-. Latest round: $4.5

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Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

Fintech Labs Insights

Online stock brokerage. Online mortgage advisor. HQ: Salt Lake, Utah. Tags: Enterprise, SMB, API, developers, integration, back-end, investing, wealth management, Finovate alum. Latest round: $25 million Series B. Total raised: $30.7 HQ: Tel Aviv, Israel. Source: Crunchbase. APIs powering financial services.

Company 12
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FinovateFall 2017 Live Blog – Day 2

William Mills

Transforming consumer risk management with patented analytics, proprietary data and real-time insight into consumer behavior. They are based in Utah. Offer small and medium businesses daily information for management, with a special focus on cashflow projects and management. ID Analytics (a Symantec Company).

Samsung 69
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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

A “Making a Difference” Nod – Goes to S andy Dubois, executive secretary at People’s Utah Bancorp in American Fork, Utah, for her work in establishing “Project Teddy Bear.” Project Teddy Bear collects stuffed animals and gives them to at-risk children in Utah. Small things can make big differences.

Utah 60