Nov 19, 2021 • 42M

Podcast Conversation: Digitizing banks with better BNPL, Underwriting, and Anti-Fraud Tech, with Amount CEO Adam Hughes

 
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Finance is being pulled apart by the forces of frontier technology. From AI, to blockchain, crypto and DeFi, to mixed reality, chatbots, neobanks, and roboadvisors — the industry will never be the same. Here is the blueprint for navigating the shift.

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In this conversation, we chat with Adam Hughesthe Chief Executive Officer at Amount, a technology company focused on accelerating the world’s transition to digital financial services via its digital retail banking platform, world-class digital authentication & fraud prevention tools, and ecommerce point-of-sale financing technology.

Prior to his role at Amount, Adam was President & COO at Avant, an industry-leading digital consumer lending platform. Earlier in his career, Adam was an early employee at Enova International, where he played a critical role building and scaling the company's international digital lending business. Adam holds a bachelor's degree from Northwestern University and is a member of the Founders Pledge community, a group of entrepreneurs and investors who have pledged to give a substantial part of future proceeds to charitable causes

More specifically, we touch on digital lending industry Buy Now Pay Later (BNPL), as well as the trends of working with large banks and enabling their digital transformation to access some of these themes as part of embedded finance and banking-as-a-service.

Embedded finance: a game-changing opportunity for incumbents - FinTech  Futures
FT Partners | Financial Technology Investment Bank San Francisco

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Sneak Peek:

…Buy Now Pay Later today means an innovative financing product that a customer can choose to take advantage of primarily online when buying goods. So, when you're buying something online, let's take actually one of our customers. So, if you're going to Nordictrek.com and you're trying to buy a treadmill, on the checkout page, you're either going to be able to put in your credit card as most customers do all the time, or you can take advantage of TD Bank's pay overtime product, typically either a split pay product where you can pay over four equal installments or a longer installment, typically one year to two years pay over time. And that's what the "buy now pay later" products typically mean.

What is Buy Now Pay Later | Launch Your BNPL Product | Decentro

That product typically has the exact same installment payment due on a monthly basis. That's really why we've seen customers really adopt and like the product, because it's…


More? So much more!

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