I dont think banks like CBA would take too long to come up with a credit risk model specific to BNPL. They have the quant teams, the model validation team and a mountain of customer data.
But as you mentioned banking is a heavily regulated industry to ensure depositors are protected. This means banks need to hold capital against every loan they make. This is why banks cannot replicate what Paypal and other BNPL companies are doing, especially on a global scale.
This is a global fight between Paypal, Klarna, Afterpay and to a lesser extend Z1P, with SZL being a bit of a dark horse if they can fire up in India (big IF).
Banks, Visa, Mastercard related stories is nothing but noise (noting Klarna is a fintech bank).
I dont think banks like CBA would take too long to come up with...
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.36 |
Change
-0.020(1.45%) |
Mkt cap ! $1.532B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.39 | $1.34 | $24.60M | 18.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 45993 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 386131 | 13 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |