BNPL System

Intelexity developed a BNPL system integrated with a retail bank's existing payment and credit systems. The platform combines automated creditworthiness assessment, flexible repayment schedules and tools for monitoring payment delinquencies.

Customers use BNPL for purchases at partner retailers, online or in-store. Bank employees manage the credit portfolio and monitor payments, while retailers integrate the payment option into their platforms. The delivery included a modular architecture, web and mobile interfaces, and integration with the bank's mobile application.

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

  • Bank integration: Connect the new BNPL system to the bank's existing payment and credit systems and make it available through mobile banking.
  • Credit decisions: Automate creditworthiness assessment so customers can receive a decision during the purchase process.
  • Repayment choices: Let customers choose the repayment period and monthly payment amount through the BNPL interface.
  • Risk visibility: Give bank staff tools to monitor payment delinquencies and manage the risks associated with the BNPL portfolio.

What was done

  • Modular architecture: Built the BNPL system around modules that integrate with the bank's existing IT systems.
  • Creditworthiness assessment: Implemented algorithms that use historical customer data to assess creditworthiness automatically.
  • Repayment schedules: Developed payment-schedule functionality that lets customers choose repayment terms and monthly payment amounts.
  • Delinquency monitoring: Implemented tools for tracking payment delinquencies as part of the system's risk-management functions.
  • Customer interfaces: Developed web and mobile interfaces and integrated BNPL functionality with the bank's mobile application.

How it works

  • For customers: Customers select BNPL when purchasing from a partner retailer, online or in-store. The system assesses creditworthiness automatically, returns a credit decision and provides a choice of repayment terms and monthly payment amounts.
  • For bank employees: Staff manage the credit portfolio, monitor payments and analyze how customers use BNPL. These tools support work on lending terms and payment risks.
  • For retailers and developers: Retailers connect BNPL to their platforms so customers can use it for purchases. The integration links the retailer-facing payment option with the bank's credit and payment systems.