Lending
The rapid growth of e-commerce is driving opportunities in consumer lending. For example, the Buy Now Pay Later (BNPL) has become the ecosystem that established itself as a win-win proposition for all participants. Platforms can boost their conversion rates without sacrificing margin, and customers get a more convenient way of paying back for goods and services. Vodeno/Aion opens new opportunities for creating and customising the embedded lending process.
Challenge
Increased competition across e-commerce platforms creates an unpredictable environment where customer loyalty, shopping cart value and conversion rates are on the decline. The generic BNPL solutions have stopped being the competitive advantage, as they become expected by online shoppers. Platforms must seek new ways of offering more unique solutions that keep customers in their ecosystems.
Our Solution
We helped launch Aion Bank, a mobile-first, fully digital bank. Through the VODENO Cloud Platform, Aion’s IT covers all aspects of Retail & SME universal bank activities with hundreds of open APIs. Aion’s service is also secure by design with data security using unique customer keys with blockchain integrity control algorithms.
Purely API-based solution
Full customisation when it comes to interest, penalties and loan duration
A broad suite of payment methods available
Instant eligibility check
Retention of data
Products
Full suite of API-based products for Retail and SME customers
Onboarding
Accounts
Cards
Payments
