AMERICAN FORK, Utah, MEXICO CITY, Mexico Dec. 18th, 2020 /Press Release/ — Alchemy the leader in embedded lending software technology, today announces it successfully launched decisioning services for Mexico’s premier BNPL (Buy Now Pay Later) lender based in Mexico City, Mexico.
Our Latin American Buy Now Pay Later client and Alchemy engineers worked side by side and launched their underwriting and risk strategies on Alchemy’s decision engine within a matter of weeks.
Alchemy leveraged Mexico’s major personal credit bureau Círculo de Crédito as part of the launch. Testing and working with engineers from Círculo de Crédito was a breeze and our engineers were able to quickly translate integration documents and launched our Latin American client in record time.
“Working with our Latin American client has been a great experience for our team. We overcame many difficulties and barriers and delivered the project on time.”, Timothy Li, CEO of Alchemy.
BNPL or Buy Now Pay Later has garnered a huge amount of attention lately in the U.S. marketing as well as in Europe and South America.
Our client’s simple five installment plan is changing the way people shop online in Mexico. We wish them much success in 2021 and beyond.
Alchemy is a FinTech infrastructure company that powers FinTech and Banks with an end-to-end cloud based SaaS solution. Their award-winning lending software provides a full package of powerful loan modules, including for customer application, loan origination, decision engine, underwriting, loan management, payments, communications, secondary market, collections and modules allowing merchants and partners to invest. Founded in 2016, Alchemy services clients world wide.