Know your customer
KYC, which stands for “Know Your Customer,” is a process used by businesses and financial institutions to verify the identity of their customers and assess their potential risks in terms of money laundering, terrorism financing, and other illegal activities. The origins of KYC can be traced back to the early 2000s when international bodies, such […]Read More
Buy Now Pay Later
What is Buy Now Pay Later? Buy Now Pay Later also known as BNPL is a form of consumer lending with the present version introduced in 2012. BNPL allows consumers easier access to online purchases through installment plans. During the pandemic as online shopping became the norm these programs like BNPL gained popularity. BNPL platforms […]Read More
How will EVs impact the Car Leasing Market?
Electric vehicles (EVs) are experiencing a rise in popularity over the past few years as the technology has matured and costs have declined, and support for clean transportation has promoted awareness, increased charging opportunities, and facilitated EV adoption. The question on every buyer’s mind is should I buy, take a loan or lease these EVs? […]Read More
Loans, Leases, and Rentals
What is the difference between Loans, Leases, and Rentals? Loans, leases, and rentals are financial contracts that enable an organization or person to access and use asset(s) without purchasing them. The primary difference is ownership of the asset. In loans, the borrower takes ownership of the asset. The lender registers a charge on the asset […]Read More