Ep. 78: The Buy Now, Pay Later Breakdown
Nelly Rezny
SVP of the Business Solutions Group, Temenos
On This Episode
Nelly Rezny, SVP of the Business Solutions Group at Temenos, has years of experience in the industry and started her career in finance in the 1980s. Nelly focused her work on figuring out how different fintechs can bring new financial solutions to the market.
Nelly explained how Buy Now, Pay Later (BNPL) services are rapidly growing, and expected to triple, with roughly 360 million users worldwide. BNPL services, such as Afterpay, allow customers to make purchases while splitting the total payment up, usually over weeks or months.
“The beauty of where it’s evolved in buy now, pay later has been at the point of sale. You now have the option for consumers to determine how they want to actually pay for their purchases,” Nelly said.
Embedded finance is becoming increasingly common, and when fintechs and financial institutions work together, Nelly believes the possibilities of where the industry could go are endless. Embedded finance, which includes things like BNPL apps similar to Uber, and contactless payments, is becoming a part of everyday life.
Nelly said, “Payments is not going away. Payments is going to be top of mind. And I think you’re going to start seeing financial institutions start to accelerate how they’re going to manage the advances that are available for payments.”
In the future, Nelly is excited to see where the industry goes. She believes the tools and technology needed to make progress are already there, but further partnerships are needed to see results in financial services. Listen to this podcast to learn more about the latest in embedded financial services with Hunter and Nelly.
More About Nelly
Nelly is an accomplished professional with more than 30 years of extensive and wide-ranging knowledge of the financial industry with in-depth understanding of banking operations. Currently she is SVP, Business Solutions Group – Americas, at Temenos, the world’s largest banking software provider for over 3,000 banks.
Throughout her career, she has worked with many financial institutions throughout the Americas, Europe and Asia in defining and executing multiple transformation initiatives, optimizing their business processes and maximizing efficiencies in their investment in technology.
She has developed several best practices and implementation methodology guides and has been a speaker and panelist in various industry events such as American Banker, BAI and CEB TowerGroup.
Having also held positions with Tata Consultancy Services, MoadBus, Fiserv, and Metavante, Nelly has a deep understanding of origination, core banking and digital channel solutions, with a specialty in lending.
