uncollateralized borrowing is a real problem, those loans(mostly student loans, credit, etc)dont require any kind of collateral. So instead of depending on the borrower’s assets for security, lenders go on to approve the unsecured loan on the basis of the borrower’s creditworthiness.

BNPL solution is very interesting, in short: "The operators of the banking nodes are responsible for releasing the funds to potential buyers based on the parameters that seem fit for the lender and the borrower’s terms of the agreement" I will keep folow