Breaking News

Oxford Risk: Placing the Human at the Center of Wealth and Asset Management Transformation CLS Appoints Six New Board Directors Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World SumUp Launches in Canada European Fintech Association Elects New Board of Directors G+D: Navigating the Future of Fintech Agility and Innovation Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support FreeAgent Launches New AI Tool for Landlords to Capture Rental Statements EXCLUSIVE: “Keeping The Rubber on Track” – Nick Kerigan, Swift in ‘The Fintech Magazine’ Megadeals Are Back. Here’s Why J-P Conte Thinks Patient Capital Still Wins. A New Way to Get Paid: Modulr Adds cVRP to Its Collections Hub DIFC Future of Finance Report: Digital Native, AI Driven Challenger Banks Redefining Banking Models, Signalling Industry’s Biggest Shift Since 2008 UK Financial Institutions Look to Decade of AI-Driven Growth as Confidence Strengthens LUMIQ Raises Strategic Funding to Become the AI Decision Layer for Financial Services easypaisa and Binance Sign MoU to Explore Emerging Financial Technology Growth in Pakistan

Home » Fintech TV » AWS’ Karen Mae Ching on the Availability of BNPL in B2B Ecosystems

March 10 2023

AWS’ Karen Mae Ching on the Availability of BNPL in B2B Ecosystems

Share this post:

Karen Mae Ching, Global Financial Services Partner Sales Program Lead at AWS, joined Doug Mackenzie for a conversation about Buy-Now-Pay-Later (BNPL) and it’s increasing availability in the B2B space.

“[BNPL] is not only risk-free because it gives you discipline on credit management. You can see how revolutionary Klarna have started it. Every time you innovate people have doubts, like big doubts, until you prove them wrong.”

“What I like about BNPL, and that’s why B2B institutions are coming into it as well, is there was an article that said “How can we teach retail to be thinking like a bank”. Because, this is the discipline that if you owe something in a bank, you have a schedule of payments. However, before, that schedule of payments you cannot really track it right? You cannot really impose to the customer you have to pay it, so there’s an amount of back and collections happening.”

“For every P&L, when you have losses they go directly to the bottom line of a particular financial institution. What BNPL did was we do it on the direct debit. It sends you a reminder that you have to pay, and it’s 0% within three months. You’re not spreading your risk, you’re concentrating it on a ver short period of time.”

People In This Post

Karen Mae Ching

Amazon Web Services

Companies In This Post

Amazon Web Services