Rent Now Pay Later
- Home
- Rent Now Pay Later
Fimple's Rent Now Pay Later
Fimple Core Banking platform offers a comprehensive solution to companies looking to implement Rent Now, Pay Later (RNPL) infrastructure by leveraging its modern, flexible technology stack designed to meet the needs of today's financial institutions. Here's how Fimple can support companies in deploying RNPL services:
Revolutionize Your RNPL Services with Fimple
Fimple offers a robust, scalable, and flexible core banking solution that can accommodate the specific needs of RNPL services, providing companies with the right technology to efficiently launch and manage these services while ensuring compliance, customer satisfaction, and operational excellence.
Modular Architecture
Fimple’s platform is built on a modular architecture, which allows for the easy integration of RNPL services as a new module or product offering. This flexibility enables financial institutions and other companies to customize and extend their services according to their specific business requirements and customer needs.
Cloud-Native Platform
With its cloud-native core banking platform, Fimple allows for scalable, secure, and reliable access to RNPL services. Whether through cloud systems or local data centers, companies can leverage Fimple’s infrastructure to offer RNPL services with high availability and performance, essential for managing fluctuating demand and ensuring customer satisfaction.
Subscription and Pay-As-You-Go Model
Fimple’s pricing model is conducive to the implementation of RNPL services by providing financial institutions with a monthly-based subscription and pay-as-you-go options. This approach reduces upfront costs and allows companies to scale their operations as they grow, making it easier to start offering RNPL services without significant initial investment.
Compliance with Open Banking and Global Standards
Fimple’s technology infrastructure is developed entirely according to open banking and global banking standards. This ensures that RNPL services built on the Fimple platform are compliant with regulatory requirements and can easily integrate with other financial systems and services. It facilitates secure data sharing and interoperability, which are crucial for offering RNPL services that require access to customer financial data for credit assessments and risk management.
Comprehensive Feature Set
The platform’s range of features, including account management, payments, loans, deposits,saving accounts etc. provides a solid foundation for RNPL services. Companies can manage the entire lifecycle of RNPL transactions, from credit assessment to payment collection, within a single platform. This integration capability simplifies operations and enhances the customer experience.
Digital Transformation Support
Fimple is designed to support the digital transformation of banks and financial services, making it an ideal partner for companies looking to innovate in the RNPL space. Its modern technology infrastructure supports the development and deployment of digital-first financial products, catering to the evolving expectations of consumers and the market.
Unlock financial flexibility with RNPL
Our innovative solution transforms how financial institutions assist tenants. RNPL allows tenants to convert their annual rent into manageable monthly payments, enhancing budget control and easing financial pressures. Simultaneously, landlords benefit by receiving the year’s rent upfront. This service is designed to provide peace of mind with transparent transactions free from hidden charges. Experience the ease of managing rent payments, tailored to fit modern financial needs.
Ready to get started?
Cloud-based composable core banking system for financial institutions with the “Financial Function as a Service” principle.