French banking group BNP Paribas has announced plans launch a Buy Now, Pay Later (BNPL) service aimed at business-to-business customers.
Launched in partnership with BNPL firm Hokodo, the service aims to enable corporate customers to provide alternative payment options to their customers.
BNP Paribas said that the new service is fully digital and can be integrated into existing checkout systems via an API.
It added that the new BNPL option includes instant buyer approval through a a real time credit decision process. Alongside this, the service offers a number of other features such as fraud insurance and collections through dunning.
Commenting on the news Lionel Joubaud, global head of the factoring filière at BNP Paribas, said: “After decades of successful development of our European factoring franchise, we are thrilled to announce a new generation solution for our customers wishing to increase their B2B digital sales.”
Last year BNP Paribas announced the launch of an e-learning primer to support the understanding of the importance of acquiring Environmental, Social and Governance (ESG) skills. The e-learning module is available to BNP clients and staff and was jointly developed with the CFA Institute.
Latest News
-
Trump names Travis Hill as acting chair of US banking watchdog amid deregulation push
-
Nationwide to expand use of genAI from Microsoft
-
Over 10,000 calls made to Bank of Ireland’s fraud team over festive period
-
myPOS boosts presence in France with new acquisition
-
Growth plans could lead to more financial failures, FCA admits
-
Acquired.com taps Stripe for COO
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories