What the FinTech? | S.5 Episode 17 | The growth of BNPL and the future of credit reporting
Consumer adoption of buy now, pay later (BNPL) products is growing – but BNPL data is not included in credit reports… yet. With this shift finally on the horizon, what should lenders and consumers be thinking about and how can they prepare?
In the latest episode of the What the FinTech? podcast, FinTech Futures editor Paul Hindle sits down with Liz Pagel, SVP and Consumer Lending Business Leader at TransUnion, to explore the growing popularity of BNPL products and their future impact on credit reporting.
Liz shares insights on the potential benefits of BNPL for new-to-credit consumers, its growth in the market, and the role it could play in financial inclusion.
The discussion also covers the upcoming integration of BNPL data into credit reports, its potential effects on credit scores, and how lenders can continue to adapt to this significant shift in the credit landscape.
And finally, we find out what fintech buzzword Liz wants to free from our Fintech Jail!
What the FinTech? | S.5 Episode 17 | The growth of BNPL and the future of credit reporting
Thanks as always to Orama for editing this podcast. You can find out more about Orama and the services they offer here.
Take a look at our catalogue of episodes on the What the FinTech? homepage.
This episode is brought to you by TransUnion.
