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Alternative data is financial information not typically collected by a credit reporting agency. Unlike conventional data such as credit scores, quarterly financial statements or company filings, alternative data can drive new insights and can be leveraged for business expansion. Further, it can be used to provide credit opportunities for thin-file and no-file customers, democratizing the […]
A global study released today analyzed thousands of paid social media ad campaigns from Klarna, Afterpay and Affirm over the last 90 days. Brand Total’s research report analyzed all paid social campaigns on Facebook, Instagram, YouTube, Twitter, and LinkedIn from the three leading BNPL solutions over a 90-day period, from June 13th to September 10th. […]
Kudos to Slice. This Bengaluru-based fintech startup just launched their new Rs 2,000 ($27) credit card. In a market where adoption rate of credit cards has remained largely stagnant over the past several years, this entry level card can drive origination of first time users and is a hook in the data lake to identify […]
Larry Diamond, CEO of Zip, is on a global shopping spree: Buy Now, Profit Later. Since August 2018, when Zip app was launched in the Google Play Store, Larry and his partner, Peter Gray, have acquired PartPay Limited (New Zealand), SpotCap (ANZ), Twisto (Czech), Spotii (UAE) and, this past month, Quadpay for $430 million. The […]
Survey by LendingTree of 1,040 Americans found: 1/3 of consumers have used BNPL! Among those who’ve made a purchase with buy now, pay later, 62% have done so five or more times and 81% said they’re likely to use it again. Amazing stats! 2/3 of shoppers who have used BNPL said they typically buy more […]
What is Amazon’s winning formula? Besides being the paragon of logistics it has always won on consumer stickiness (Prime) and seamless checkout. Amazon filed the 1-Click patent in 1997 and it was granted by the USPTO in 1999. Besos’ 1-Click payment shopping made decisioning on your basket almost too easy. One click made any payment […]
This month two Canadian fintech lenders made Earned Wage Access (EWA) announcements: Koho, the challenger bank launched will now allow clients to access a portion of their paycheque daily instead of waiting until the end of their two week cycle. ZayZoon, the godfather of EWA in Canada announced a partnership with Visa making it easier for […]
On the heels of their $11M Series A round investment in July last year, National Bank steps up to acquire a majority stake in fintech startup Flinks. What does it mean for Canada’s sixth largest lender, National Bank? The move uncannily mirrors the US investment news that J.P. Morgan was a named investor in Plaid‘s last equity round. Are we at […]
I am Sally Mainstreet Merchant who invested in cloud commerce 10 years ago. With COVID, we have pivoted most of the company’s efforts into our online operation. Optimizing checkout for our customers is key for me. Like most merchants, my goal at checkout is to eliminate friction. Undue clicks to commerce drive basket abandonment. Any […]
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The Canadian Lenders Association is committed to publish world-class research and thought leadership on key topics impacting fintech lending. The CLA’s white papers provide thoughtful analysis and insights into trends and opportunities across the sector. Our research and thought leadership offers key insights into the fintech ecosystem. With the acceleration of digitization, including automation and […]
The Canadian Lenders Association is committed to working with all stakeholders in the community to advance policy and standard at a provincial and federal level. Our Policy Committee works closely with government and other association to advocate for borrowers making sure all lenders must uphold with the values of the CLA and comply with regulatory […]