Fintech and BUY NOW PAY LATER-Enabler axytos is a new member of the ibi Research Partner Network
The BUY NOW PAY LATER-Enabler axytos is a new member of the partner network of the Institute ibi Research at the University of Regensburg. This exclusive innovation network only includes companies that drive financial services and trade through digital innovations and thus sustainably change them. This undoubtedly includes the fintech founded in 2019: axytos opens up access to the entire BNPL world via advanced white label solutions without default risk for purchase on account, direct debit, installment payment or partial payment. Trade, e-commerce, banks, payment service providers (PSP) and marketplaces benefit from the individual BNPL-as-a-Service solutions for international use. This allows them to develop new business models, expand existing ones and regain market share. Via the cloud-based axytos platform, digital business models can also be easily set up, flexibly adapted and immediately monetised via a single API and according to the plug and play principle.
Successful through innovation
Ibi research has set itself the goal of making financial services and trade measurably more successful through an innovation approach. This is achieved, among other things, through numerous, recognised studies, research surveys and events in the areas of digital banking, e-commerce, e-payment, risk management, online marketing and electronic banking. In the ibi partner network, a longer-term, trusting relationship with well-known and particularly innovative companies is established in order to cultivate a stimulating exchange of ideas and stimulate cooperation in the network.
Ibi research Managing Director Dr. Georg Wittmann: “I am convinced that the unique axytos concept for BNPL-Enabling is refreshing for the competition and offers a real alternative for merchants and payment service providers.”
Ibi research Managing Director Dr. Georg Wittmann, whose research and consulting focusses on the digital transformation of retail and wholesale as well as payment, welcomes axytos as a new member: “I am pleased to welcome such an innovative solution provider to our partner network with axytos. Because I am convinced that the unique axytos concept for BNPL-enabling is refreshing for the competition and offers a real alternative for merchants and payment service providers – this can be stated completely objectively. What’s more: We at ibi research are also a mouthpiece for banks. For them, it is very important that they do not let the BNPL market move away. Addressing the market with a partner like axytos and new solutions is an absolutely exciting approach. All companies should be open and definitely take a look at it. And this is exactly what the ibi Innovation Association is ideal for, because some of the largest German financial institutions, but also payment providers, are members there.”
axytos Managing Director Dr. Karsten von Diemar: “As a BNPL-Enabler, axytos supports banks, payment service providers, trade and e-commerce by providing an advanced and comprehensive white label solution. We want to exchange intensively with the other actors in the ibi innovation network about the enormous potential.”
axytos Managing Director Dr. Karsten von Diemar explains what he expects from the ibi network: “There are several reasons to become an ibi partner right now and to enter into dialogue with the other innovative players in the network. Because the axytos core topic – at the same time an important research and consulting area of ibi-Research – is the current development of ‘Buy now, pay later’ into a global trend: Worldwide, a large number of excellently financed providers have started to sustainably change market conditions in the financial sector. These are increasingly recruiting merchant customers from payment service providers. In addition, banks lose their business relationship with their customers, because if a BNPL provider already offers the buyer a partial payment or installment purchase with every purchase, then buyers no longer need bank credit. Stakeholders are now urgently looking for an immediately available solution to prevent further loss of market share or customers. This is exactly where axytos helps with a ready-made and proven solution to be able to counteract this critical development. As a BNPL-Enabler, axytos supports banks, payment service providers, trade and e-commerce by providing an advanced and comprehensive white label solution, including for payment-guaranteed purchase on account. As a provider of embedded financial services, axytos, as a partner of the banks, helps them to regain lost market shares in the lending business. Precisely about the risks mentioned, but also about the enormous potentials, we want to exchange intensively with the other actors in the ibi innovation network. We are therefore actively looking for sparring partners in order to benefit from current findings together.”
About ibi research
Since 1993, ibi research at the University of Regensburg GmbH has formed a bridge between university and practice. The institute conducts application-oriented research and consulting, i.e. works with the methods of science on the topics of practice, with a clear focus on innovations and their implementation.
Ibi research focusses on the topics of digitisation of financial services and trade, in e-business as well as in multichannel and B2C business as well as in the B2B business. The research spectrum ranges from market analysis and business model development to process design and data analytics to questions of governance and compliance. At the same time, ibi research offers comprehensive consulting services for the implementation of the research and project results.
Further information [in german]: www.ibi.de
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