BNPL System

The integrated BNPL system enables instant credit decisions, flexible payments and automated risk management. Clients can access BNPL at partner retailers seamlessly. Bank employees gain tools for portfolio management and risk monitoring, while retailers benefit from easy integration, boosting sales and customer loyalty.

BNPLAPI IntegrationCreditScoringMobileBankingFintech

Development Duration

11 Months

  • Business Analyst
  • PM
  • Architect
  • Back Developer
  • QA
  • DevOps
  • SecOps

Technology Stack

Angular
Java
Flutter
Kotlin
Swift
Docker
Kubernetis
AWS
OAuth2

Task

  • Integration of BNPL into the existing bank ecosystem: The need for seamless integration of the new system with the bank's existing payment and credit systems.
  • Creditworthiness assessment automation: Implementation of automated mechanisms for assessing clients' creditworthiness in real-time.
  • Flexibility of payment terms: Creating a system that allows clients to choose the repayment period and the amount of monthly payments.
  • Minimization of payment delinquencies: Developing mechanisms to minimize financial risks and enhance the reliability of payments.
  • Ease of use for clients and integration with mobile banking: Creating a user-friendly interface and integrating with the bank's mobile application.

What was done

  • Development of a modular architecture for the BNPL system: Constructing the system on a modular architecture, that allows for easy integration with the bank's existing IT systems.
  • Implementation of creditworthiness assessment algorithms: Developing algorithms, that use historical customer data for instant assessment of their creditworthiness.
  • Development of a flexible payment system: Creating a system, that allows users to customize their payment schedule according to their financial capabilities.
  • Implementation of a risk management system: Introducing comprehensive mechanisms for monitoring payment delinquencies.
  • Development of a user interface and integration with a mobile application: Creating an intuitive interface for web and mobile applications, including BNPL features.

How it works

  • For bank clients: Clients can instantly use the BNPL option when making purchases at partner retailers, both online and offline, through integration. Users can choose the repayment terms and the amount of monthly payments, while receiving an instant credit decision, based on automated creditworthiness assessment.
  • For bank employees: The system provides bank staff with tools for managing the credit portfolio, monitoring payments, and analyzing data on BNPL usage by clients to improve lending conditions and optimize risks.
  • For retailers and developers: Easy integration of BNPL functionality into their platforms, increasing conversion and average ticket size, enhancing customer loyalty.