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Chamath Palihapitiya Says Swedish Fintech Company Klarna Scaling Back AI Support Is A Red Flag For Industry: Startups Could 'Pivot To Simply Use AI For Narrow Use Cases'
Tuesday, May 13, 2025 - 7:04am | 962Read More...Chamath Palihapitiya has weighed in on the implications of Swedish buy now, pay later firm Klarna significantly scaling back its reliance on artificial intelligence for customer service, suggesting it could signal a broader challenge for AI-first startups. What Happened: Palihapitiya took to social...
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PayPal Says 'Buy Now, Pay Later' Users Spend 33% More, Make 17% More Transactions—Pushes For Global Rollout
Tuesday, April 29, 2025 - 10:52pm | 700Read More...PayPal Holdings Inc. (NASDAQ:PYPL) is seeing strong momentum with its "Buy Now, Pay Later" services, with significantly higher user engagement and larger transaction sizes, as it expands the offering globally. What Happened: During its first quarter earnings on Tuesday, PayPal highlighted key...
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Is This The Future Of Banking? JPMorgan's AI Cash Flow Tool Slashes Human Work By Nearly 90%
Wednesday, March 6, 2024 - 7:36am | 531Read More...Global banking giant JPMorgan Chase & Co. (NYSE:JPM) has revealed that its AI Cash Flow Intelligence tool has significantly decreased manual human labor by nearly 90% for some of its corporate clients. What Happened: The AI tool, which was introduced last year, has been employed by...
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OpenAI-Backed Swedish BNPL Company Klarna's AI Bot Cuts Repeat Queries By 25%, Boosting Profits By $40M In Its Debut Month
Wednesday, February 28, 2024 - 5:20am | 503Read More...OpenAI-backed Klarna, a Swedish buy-now-pay-later (BNPL) company, reported resounding success since its global launch a month ago. What Happened: Klarna’s AI assistant has had over 2.3 million conversations, accounting for two-thirds of the company’s customer service chats in its first...
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Ape Now And Pay Later: Buy Now Pay Later Comes To NFTs — Here Are The Details
Sunday, July 10, 2022 - 5:07pm | 728Read More...A new program is offering the opportunity to secure a non-fungible token from a series of “blue chip” collections now and pay for it later. Here’s how the popular “buy now, pay later” financing program that has taken on several industries is now headed to NFTs. What...
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Fintech Focus For July 26, 2021
Sunday, July 25, 2021 - 6:45pm | 1530Read More...Quote To Start The Day: "You can’t depend on your eyes when your imagination is out of focus.” Source: Mark Twain One Big Thing In Fintech: Crypto exchange Binance US could go public, Binance CEO Changpeng "CZ" Zhao has said. "Our partner in the U.S. is looking at...
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Fintech Focus For June 11, 2021
Thursday, June 10, 2021 - 5:51pm | 2464Read More...Quote To Start The Day: "As my knowledge of things grew I felt more and more the delight of the world I was in.” Source: Helen Keller One Big Thing In Fintech: The Basel Committee on Banking Supervision on Thursday recommended the highest possible risk weighting — 1,250% —...
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Marqeta IPO Preview: The Thing Behind The Thing Providing Payment Cards For Large Customers
Wednesday, June 9, 2021 - 10:43am | 777Read More...Benzinga routinely examines a stock that might be considered a little under the radar. The company may not be well-known, but chances are the line of work it’s in is pretty familiar. This is called the “thing behind the thing.” Working behind the scenes for some of the most well-...
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Fintech Focus For May 27, 2021
Thursday, May 27, 2021 - 9:19pm | 1975Read More...Quote To Start The Day: “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” Source: Ralph Waldo Emerson One Big Thing In Fintech: Visa said [] it has expanded its Visa Fintech Partner Connect, a program designed to help...
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Fintech Focus For March 12, 2021
Thursday, March 11, 2021 - 10:18pm | 2259Read More...Quote To Start The Day: Life is what happens when you're busy making other plans. Source: John Lennon One Big Thing In Fintech: Financial technologies “cause turmoil when loosed” yet “perish once regulated”, a deputy governor of China’s central bank observed last...
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Fintech Focus For March 1, 2021
Sunday, February 28, 2021 - 9:52pm | 1998Read More...Quote To Start The Day: “Democracy is never a gift from heaven. It must be earned by many with strong will.” Source: Jimmy Sham One Big Thing In Fintech: The UK is leading the way in open banking due to regulatory requirements and a dedicated central program and platform, the Open...
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Fintech Focus For September 14, 2020
Sunday, September 13, 2020 - 8:52pm | 1823Read More...Quote Of The Day: I failed my way to success. - Thomas Edison Fintech Movers: Coinbase CEO Brian Armstrong doubled down on his past criticism of Apple, highlighting the tech giant's unwillingness to allow certain crypto-related features on its mobile app. - Block Central bankers near a...
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Fintech Focus For September 1, 2020
Monday, August 31, 2020 - 6:51pm | 2023Read More...Quote Of The Day: Go confidently in the direction of your dreams! Live the life you've imagined. - Henry David Thoreau Fintech Movers: If it were to continue compounding at that rate, bitcoin’s daily volume would exceed that of the US equity market in fewer than 4 years. - Ark Trading...
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Fintech Focus For August 28, 2020
Thursday, August 27, 2020 - 5:47pm | 2399Read More...Quote Of The Day: Never let the fear of striking out keep you from playing the game. - Babe Ruth Fintech Movers: The US SEC approved the proposed Discretionary Limit, or D-Limit, order type from exchange operator IEX Group as three new exchanges are also slated to launch within the next month. -...
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Abercrombie & Fitch Receives Upgrade From Wedbush
Thursday, July 11, 2019 - 1:00pm | 328Read More...Abercrombie & Fitch Co. (NYSE: ANF) received an upgrade Thursday. The Analyst Wedbush's Jen Redding upgraded the stock from Underperform to Neutral and raised her price target from $16 to $18. The Thesis Redding says recent search trends signal positive inflection in revenues across...
