More and more consumers, especially younger ones, prefer alternative payment methods over card payments. In order to stay relevant in the rapidly growing BNPL market, banks need to up their game and improve their offerings.
With Sileon, you can increase your overall offering by adding BNPL options to your existing card business, thus regaining market share lost due to reduced card revenue.
Fast to market
Going fast to market is essential for any business wanting to increase revenue and keep up with the growing digitalization trend. But building a market agnostic and bullet-proof BNPL platform in-house can take years, especially for a bank with complex infrastructure.
With Sileon’s modular and API-based SaaS product, you can go live with your BNPL offering within weeks.
Under your flag
We believe in individuality. Our goal is therefore never to steal your spotlight. Instead, our product enables you to run your BNPL in-house and create unique customer experiences while staying true to your brand.
Of course, you also acquire full ownership and control over your customer relationships and data.
Modular and flexible
Start small and expand over time? With Sileon you can pick and choose modules depending on your needs and what you already have in store.
The modular approach caters to flexibility as you are able to expand with new credit products or additional markets as your company grows. After all, it’s all up to you how you wish to run your business.
Restrictions limitate and we like to think outside the box. Our business model is SaaS-based and so is our BNPL product, allowing you to scale your business and take part in the global growth journey where BNPL expects to dominate.
The BNPL product is market, brand and technology agnostic, letting you serve your end customers no matter where your business is located.
Low complexity and risk
With the API-based model approach complexity and risk is reduced.
The secure APIs allow the BNPL Platform to swiftly and cost-efficiently integrate into your existing financial system, making it possible for you to mix and match your BNPL offering to fit your infrastructure.
Proven and secure
When launching a BNPL offering, the top priority should always be its security.
We have 20 years of experience when it comes to developing pioneering tech and payment solutions. With that in mind, it’s safe to say that a lot of time and resources have been invested to build our superior BNPL product that accommodates change while still keeping the security intact.
But don’t take our word for it, our BNPL product is up and running on several banks and fintechs in the Nordic.