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AIQLABS, the owner of integrated solutions for business and customers, together with Dotpay, has officially launched an innovative deferred payment method. The Kupuj Teraz, Zapłać Później service is already available at selected Web stores. It enables the customers to execute the payment up to 30 days following the order submission date, or to split it into instalments. The Kupuj Teraz, Zapłać Później solution is the first of this kind in Poland. It allows purchases up to PLN 2000.

The Kupuj Teraz, Zapłać Później deferred payment and purchase financing program, implemented by the team of AIQLABS and their strategic partner Dotpay, is an innovative solution aimed at customers and eCommerce store owners. The service is already available at selected e-stores. It enables purchases with extended term of payment from PLN 100 to PLN 2000. The customer may defer the payment date by up to 30 days or split the payment into 3, 6, or 12 instalments without additional charge (APRC 0%).

The Kupuj Teraz, Zapłać Później, on the basis of advanced statistical models, which utilize machine learning and big data algorithms, allows to increase the basket value and the conversion factor, and to assess the customer’s creditworthiness instantly. The deferred payment concept performance is supported by AIQLABS – Data & Technology House, which has implemented solutions based on management and risk modelling process in other company’s products: Finces, SuperRata, and in instalment loans – SuperGrosz. When the customers choose the deferred payment method already at the first transaction, they are informed about their credit limit along with the purchase financing decision. It reflects the customer’s shopping potential. Eventually, it may increase the shopping basket and reduce the risk of discarding it.

We wanted to create a fully comfortable and transparent payment service. We were guided by the idea of shopping freely, just when one wants to and when one does not want to lose control over finances. The customer is informed about his/her creditworthiness at the very beginning of the process. Our algorithms analyze the customer’s hitherto Internet activities and his/her shopping history, then they draw conclusions based on the analysis data. On the other hand, we wanted to provide eCommerce stores with a solution that would support their hitherto operations. The Kupuj Teraz, Zapłać Później solution bears the whole risk of deferred transactions

as Piotr Biernacki, CRO AIQLABS, responsible for the Kupuj Teraz, Zapłać Później solution, comments.

Credit assessment verification method within the Kupuj Teraz, Zapłać Później is safe, automatic and quick. It is possible owing to cooperation with entities, which collect credit history data (such as the BIK credit reporting agency or the CRIF company), and combining them with information, which is collected as the customer fills in the application.

The Kupuj Teraz, Zapłać Później team with the strategic partner Dotpay are soon going to announce more e-stores enabling the customers to effect deferred payment.

SuperGrosz, a financial institution operating in the consumer finance sector, is introducing a unique promotion: “APRC 7.77%”. The offer is targeted at new customers. It includes individuals who have paid their earlier obligations on time. On the instalment loan market, it is one of few solutions with lowered interest rate, competitive to bank credits.

SuperGrosz, a brand from AIQLABS’s portfolio, specializes in transparent and reliable financial services to customers, who need short- and long-term access to funding. Now, the company has introduced a new product with attractive APRC.

The “Odlotowa Promocja z RRSO 7,77%” (A Cool Promotion with APRC 7.77%) is targeted at new customers, who have paid their financial obligations entered into within the last 12 months on time, and who do not have active loans with other non-bank entities. The newly introduced offer assumes lowered interest rate for instalment loans granted for 4-48 months in the amount of PLN 1000-10,000.

One can submit the “Odlotowa Promocja” application online or by phone. Both options are adapted to the expectations of consumers, who appreciate verification pace, high functionality and easy credit application handling.

SuperGrosz focuses on systematic simplification of procedures, minimizing the paperwork, and lowering the loan costs. The SuperGrosz’s model of financing the customers quickly is an answer to creditors’ traditional operation. Process automation and analysis of big data sets allow to take the decision about granting the credit instantly, so that the household budgets can be fed with cash immediately when the need arises.

SuperGrosz, a specialized fintech company from AIQLABS portfolio, has received an Ethics Certificate from the Conference of Financial Companies in Poland (KPF). The certificate is awarded to financial entities who are successfully verified by KPF’s Ethics Committee with their annual ethics audit questionnaire.

The Ethics Certificate confirms that the awardee applies high ethical standards in line with the idea of responsible lending and observance of the Principles of Good Practices established by KPF. The Good Practices is a set of responsibilities for financial institutions, based on moral standards and current legal regulations. The sector’s book created by KPF defines reliable business practices and secures the interests of all the financial market participants.

SuperGrosz also subscribes to these rules, ensuring from its very beginning that its clients’ temporary cash flow problems are solved in an ethical and transparent manner. Among the components of its DNA, our AIQLABS brand is distinguished by its transparency, high quality service related to responsible need financing as well as ensuring transparent and truly comprehensible loan terms. In addition, SuperGrosz places great emphasis on supporting its clients during the application, suggesting them solutions that will not be another burden to the budget. Fulfilling these assumptions is supported by a clear and legible presentation of our offer, with particular focus on the cost of liability and setting out the rules for the client to extend loan maturity or repay the loan before maturity.

Since 1999, the Conference of Financial Companies in Poland (KPF) has brought together dozens of key financial market enterprises. KPF is a member of the Council for Financial Market Development (RRRF), established by the Minister of Finance and EUROFINAS (European Federation of Finance House Associations). KPF’s mission is to build social capital in the Polish financial sector. KPF is a marketplace of expertise and experience, promoting professionalism and mutual respect.

We know the winners of the next edition of Loan Awards 2018. It is the most important event in the FinTech industry, organized to grant awards to innovative products and novel solutions from the consumer finance sector. For the first time in the plebiscite history, the awards in individual categories have depended on special research performed by the editors of the Loan Magazine and Bliżej Biznesu periodicals, as well as by the University of Economics. One of the prestigious awards: the Kryształ Jakości (Crystal of Quality), has been granted to the SuperGrosz brand, owned by AIQLABS.Znamy laureatów kolejnej edycji Loan Awards 2018. Najważniejszego wydarzenia dla branży fintech, które nagradza innowacyjne produkty oraz nowatorskie rozwiązania z zakresu consumer finance. Po raz pierwszy w historii plebiscytu o zwycięstwie w poszczególnych kategoriach decydowały specjalne badania zrealizowane przez redakcje: Loan Magazine, Bliżej Biznesu oraz Uniwersytet Ekonomiczny. Jedna z prestiżowych nagród: Kryształ Jakości, została przyznana marce SuperGrosz, która należy do AIQLABS.

The Loan Magazine has been granting awards to the best and the most quickly technologically developing brands in the non-bank sector for four years. The number of nominations this year testifies that the last months have been very active for the sector. The industry professionals more and more often support financial concepts with digital solutions. The finalists competed in various categories, including: Społecznie Odpowiedzialni (Socially Responsible), Partnerzy Sprzedaży dla Instytucji Pożyczkowych (Sales Partners for Loan Institutions), or Technologiczne Rozwiązanie (Technological Solution). For the first time in history, special distinctions have been granted as well: Kryształy Jakości (Crystals of Quality) by Loan Magazine Awards. This award was granted to SuperGrosz from AIQLABS’s portfolio. The company is a dynamically growing FinTech entity. It manages and co-develops integrated financial solutions: factoring, purchase financing, and loans.

The Kryształy Jakości award is granted to a loan institution, which is distinguishable in terms of modern approach to the customer’s needs. It is the customer, after all, who finally decides which offer to accept. Hence it is important to match the product to the real market needs. Transparency is crucial as well: appropriate lending, and clear presentation of the obligation costs. Credit granting process full digitization is another aspect, which the Loan Awards jury takes into account. The online channel use means that the hitherto rules can be simplified. It is another step in the development of relationship between the financial entities and the customers’ increasing requirements. SuperGrosz at the same time can be distinguished by a quick verification process driven by proprietary scoring and advanced technological algorithms. Such actions, in addition to raising the consumers’ trust in instalment loan sector, force the traditional banks to change their hitherto operations. Alongside, loan entities become the banks’ competitors.

As the BIK credit reporting agency informs in its semi-annual report Kredyt Trendy 2018 (Credit Trends 2018), the number of people with credit obligations grows very slowly. However, for loan companies, the growth pace is significantly faster than for banks. In the first six months of 2018, compared to the previous year, as many as 29.3% consumers more utilized external funding sources, such as credits and loans. It far outruns the banking sector, where the number of borrowers only increased by 0.3%. These data, along with forecasted prosperity on the cash loan and credit market in the years to come, make the consumer finance area intensify its development, while improving the customers’ comfort.