Buy Now Pay Later

Offer instant credit lines as a payment method on merchants’ e-commerce platforms. This type of loan allows customers to purchase a product immediately and break their payment into installments with the same value, usually without interest rate.

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Main Advantages

End to end solution which provides the ability to configure specific scoring models as core engine of BNPL and reliable KYC processes for non-clients.

Reduced Time to Market
Reduced Time to Market

Ready to implement white-label BNPL software solution for lenders to integrate on merchants' e-commerce platforms as a payment method which includes our suite of credit solutions.

Scoring, Risk and Fraud Detection with ML
Scoring, Risk and Fraud Detection with ML

Improve the current scoring model performance, which will support the reduction of default behavior and increase of loan origination and profit.

Be part of the purchasing journey
Be part of the purchasing journey

The credit functionalities are open to partners through API’s and widgets that they can integrate within their own systems and interfaces that support their business model so lenders can engage across the entire purchasing journey.

Reduced Time to Market
Reduced Time to Market

Ready to implement white-label BNPL software solution for lenders to integrate on merchants' e-commerce platforms as a payment method which includes our suite of credit solutions.

Scoring, Risk and Fraud Detection with ML
Scoring, Risk and Fraud Detection with ML

Improve the current scoring model performance, which will support the reduction of default behavior and increase of loan origination and profit.

Be part of the purchasing journey
Be part of the purchasing journey

The credit functionalities are open to partners through API’s and widgets that they can integrate within their own systems and interfaces that support their business model so lenders can engage across the entire purchasing journey.

How it Works

Checking out of merchants' e-commerce platform, the client selects the BNPL payment option and you can leave the credit process in our hands.

1
Pay with BNPL

When clients are purchasing a product at point of sale (POS) physical or online merchants (e-commerce) a short-term loan is shown as a payment option. The payment conditions such as term, schedule and down payment are presented to customers.

2
Register or Login

If the customer is new for the BNPL Provider, all data can be collected from diverse external sources, such as Core Banking, Bank Statements (PSD2), Central Credit Register (CCR), Credit Bureau and Other Systems which will be automatically validated to prevent frauds (KYC, AML). If not, the client just has to login into the BNPL provider’s platform.

3
Scoring & Decision or Pre-Approval

If the customer did the registration, ITSCREDIT calculates the scoring grade and informs about the credit decision and corresponding limit, if applicable. If the customer did the logon, a credit pre-approval decision is presented and if positive he can proceed with the purchase.

4
Successful payment

Once all previous steps are successfully executed, the loan application process is completed, and the money is disbursed to the merchant's account. The down payment is paid and the remaining installments will be paid to the BNPL provider.

System Functionalities

This solution provides a simulation widget on merchants' e-commerce platforms which will lead the customer from the onboarding all the way up to the digital signature and disbursement.

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  • Easy integration

    The credit functionalities are open to partners through API’s and widgets that they can integrate within their own systems and interfaces

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  • No-code solution

    Highly flexible and easy to use Marketing module (within Credit Workflow) allowing product teams to create and manage new innovative products without IT support.

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  • Onboarding (KYC, AML)

    To non-customers, the user can create a new account, inserting his personal and financial data which will be automatically validated to prevent frauds.

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  • Partners’ management

    Configure and manage your partners’ (Real Estates, Travel Agencies, Car dealerships…) intermediaries, partnerships, points of sales, fees, users and credit application status.

    Flowers
  • Credit recovery

    Integrated with the collections module, the lender can have a centralized management of the credit in arrears and manual and both automatic communications with customers that have overdue credit installments.

    Flowers

The credit functionalities are open to partners through API’s and widgets that they can integrate within their own systems and interfaces

LA

Highly flexible and easy to use Marketing module (within Credit Workflow) allowing product teams to create and manage new innovative products without IT support.

LA

To non-customers, the user can create a new account, inserting his personal and financial data which will be automatically validated to prevent frauds.

LA

Configure and manage your partners’ (Real Estates, Travel Agencies, Car dealerships…) intermediaries, partnerships, points of sales, fees, users and credit application status.

LA

Integrated with the collections module, the lender can have a centralized management of the credit in arrears and manual and both automatic communications with customers that have overdue credit installments.

LA
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“Customers' payment preferences have shifted in recent years. They want to have the flexibility of reviewing the product first and only then fully engaging their funds. At BLIK, we are fully aware of these needs and introducing functionality of BNPL is one of our key strategic decisions. We are pleased that ITSCREDIT supports us in this project. Software delivered by this partner is one of the advantages that will help us gain satisfying market shares in BNPL’s industry.” 

Witold Litaszewski
Head of BNPL at BLIK, Polish Payment Standard

Start Now. Expand your credit business while boosting customer satisfaction.

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Our Solutions

Highly configurable software credit solutions that increase a bank's profitability and productivity while addressing today's banking challenges and opportunities.

Early Warning Signs (EWS)
Early Warning Signs (EWS)

Preventive identification and management of clients showing difficulties prior to failed installments
Credit Portfolio Monitoring
Credit Portfolio Monitoring

Automatic production of more agile and reliable reports
Scoring & Decision
Scoring & Decision
Assignment of a credit grade in which the credit decision will be based on.
Loan Origination
Loan Origination
Contemplates every phase of the credit process.
Credit Rehabilitation & Recovery
Credit Rehabilitation & Recovery
Best strategies in the credit recovery process.
Sustainable Credit
Sustainable Credit
Score customers and operations based on ESG requirements KPIs.
Partners Module
Partners Module
Portal that allows your partners to integrate the bank credit workflow.
Calculators
Calculators
Single calculator for all products and channels.