Card consolidation FinTech Curve is working with Thought Machine on a credit and loan offering.
In Brief:
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Thought Machine provides cloud-native core banking technology to banks and FinTechs.
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Curve Credit will allow users to spread payments over a number of months.
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It will also help customers’ credit scores using transaction history across accounts.
What does this mean?
The buy now pay later market is booming, and credit options are a way for FinTech companies to enhance their offering and increase revenue. Curve is fast expanding from simply a payment solution that lets you pay from any account on one card to a far more rounded money management offering. The business says that Thought Machine’s Vault offering will bring “flexibility and manageability” to the new product.
