News | November 11, 2021

Axon Ivy To Automate Compliance And Underwriting Activities For FuturePay's Innovative BNPL Solution

Axon Ivy,a leading DPA platform provider, announced it has been selected by FuturePay Holdings integrate its solution into FuturePay’s digital revolving credit payment platform. FuturePay is a recognized provider of digital revolving credit solutions for merchants and their customers.

FuturePay selected Axon Ivy to alleviate the laborious administrative tasks associated with compliance processes, and to provide built-in monitoring to ensure that policies and procedures are comprehensively followed. Axon Ivy’s platform automates critical business processes like compliance, credit screening, and merchant and customer onboarding. The platform accelerates the underwriting process, eliminates costly errors, and provides full auditing capabilities to maintain compliance.

“As our economy becomes increasingly reliant on digital transactions, business process automation has become a vital asset for online e-commerce offerings,” said Rolf Stephan, president at Axon Ivy, Inc. “We look forward to building a fruitful long-term relationship with FuturePay. They are a dynamic company that is well-positioned to satisfy the growing demand for innovative consumer credit options.”

“Axon Ivy has an outstanding reputation for delivering solutions that significantly streamline the onboarding process, which is essential in our business,” said Ron D’Vari, executive chairman of FuturePay Holdings. “We are glad toleverage Axon Ivy’s high-performance platform to automate our compliance and underwriting processes, which will translate into reduced risk and greater efficiency.”

About FuturePay
FuturePay is the provider of an innovative “Buy Now Pay Later” digital credit platform that delivers secure, cost-effective, and easy-to-implement revolving credit for e-commerce merchants and their customers. Unlike traditional BNPL platforms that provide installment credit financing for a single purchase, FuturePay customers apply once for a revolving credit line of $1,000 to $3,000, which they can reuse long-term for purchases on any website accepting FuturePay as a payment method.

About Axon Ivy
Axon Ivy's scalable DPA platform combines the speed and agility of a model-driven low-code development solution with the power to build enterprise-grade process applications. Axon Ivy seamlessly connects people, devices, applications, sensors, and processes. Companies benefit from an extensive range of out-of-the-box connectors, ready-to-use templates, as well as pre-packaged offerings across a wide array of use cases for business processes and industries. Axon Ivy has received strong rankings from leading independent IT research firms such as Gartner and Forrester. More than 2,000 companies worldwide rely on Axon Ivy's powerful platform.

Source: Axon Ivy