HugoHub goes live with HugoHub platform

This news highlights a shift in how digital banking infrastructure is being deployed, which will eventually trickle down to how you offer financing at the point of sale. HugoHub has successfully launched its cloud-native platform with its first regulated bank partner. While the initial rollout is in the Pakistani market, the technology represents the 'new guard' of financial infrastructure. This platform allows banks to launch digital lending and retail accounts in record time without the baggage of old, legacy banking systems. For retailers and operators, this is a signal that the technology behind consumer financing is becoming more modular and portable. Platforms like this make it easier for regional banks to compete with major fintechs by offering seamless, app-based credit products. As these core banking platforms become more common, you can expect your financing partners to offer faster integrations, more stable API connections, and quicker approval processes for your customers. It reduces the technical friction that often stands between a customer wanting a product and a lender approving the funds. Even if you aren't operating in Southeast Asia, the success of these 'bank-in-a-box' platforms is driving the global standard for how instant credit is delivered at the register.

Source: Finextra — Lending

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