The paper-based income statement and balance sheet models for SMB lending are inefficient at best and may not be the best arbiters of credit risk. Provenir Managing Director Paul Thomas told PYMNTS about the benefits of data, both structured and unstructured, in the (digital) SMB lending...
Checkout friction and shopping cart abandonment is estimated to be a $4 trillion problem plaguing online merchants today. Or so estimates say. Regardless of the specific figure that problem actually amounts to, there’s one thing everyone in the payments industry can agree on today: there’s too...
Merchants are losing an estimated $4 trillion to shopping cart abandonment – and the problem is only getting worse. But the solution may lie in revamping the credit card payment process obstacle course consumers face when making digital purchases. Klarna CEO North America Brian Billingsley...
The “Amazon experience” one click checkout – is what every merchant aspires to deliver. Klarna’s North America CEO North America Brian Billingsley and Provenir MD Paul Thomas tell MPD CEO Karen Webster that starts with authenticating the consumer behind the scenes and integrating credit into...
February 21, 2019
The distinction between firms that offer financial technology and FinTechs needs to be clearer, according to Provenir Managing Director Paul Thomas, and agility and forward-thinking are among the key differentiators. Here’s how financial tech companies can do more than just “talk the talk” when it comes to embracing (and helping banks embrace) rapid shifts in their marketplaces.
