Point-of-Sale Financing | Consumers Want More Flexible Options

The gig economy and non-traditional employment is on the rise in the U.S., which means that many people don’t receive a regular paycheck. As a result, approximately 25% of the workforce need banking products that are flexible enough to accommodate their irregular incomes. It’s no wonder that point-of-sale financing (aka point-of-purchase financing, alt-credit, or buy-now-pay-later) has more than doubled over the past five years.

Banks, credit unions, and alternative lenders have several ways to enter this growing market but face several challenges.  John Tate, Head of Analytics Solution Design & Delivery at Enova Decisions, explores this topic further in a recent article with The Financial Brand to discuss how a forward-looking approach to operations is crucial to delivering more flexible financing options to consumers.

For example, if automation of back-office processes is a major initiative, one must go beyond assessing what is necessary to automate current processes by identifying what will be necessary to handle future processes. Contact us today to learn how our decision management solutions can help you offer more flexible financing options, today and tomorrow.

Enova Decisions


Enova Decisions is an analytics and decision management technology company that was formed in 2016 to help organizations make smarter, faster risk decisions about customers and consumers across the risk spectrum through big data, machine learning, and the cloud.