Macroeconomic headwinds and tight competitors would possibly’ve difficult Affirm’s progress efforts in Australia.

Banks acknowledge the advantages and dangers of AI. Planning for regulation, investing now, and educating workers are all key to embracing the tech.

The nation’s central financial institution launched a pilot of the digital actual, with hopes of giving the general public entry by the tip of 2024. 

Purchase now, pay later (BNPL) has thrived as a result of it combines the flexibleness of credit score with quick compensation phrases, app-based purchasing, and a easy consumer expertise.

The valuations of Revolut and Varo Financial institution had been slashed amid query marks over each neobanks’ backside traces.

They need banking regulators to look into how banks that supply Zelle defend customers as fraud issues develop.

Sen. Brown desires the OCC to debate the results of department closures with affected communities. However which may not be sufficient to reverse the development.

Its report discovered that many BNPL customers have subprime credit score scores and are below financial misery—which may improve the case for regulation.

On right this moment’s episode, we talk about the fintech funding developments of 2023. In our “Headlines” section, we glance into why 2022’s fintech investments had been decrease in comparison with 2021. In “Story By Numbers,” we query the shortage of mega offers in 2022 and think about what they might appear like this yr. And in “For Argument’s Sake,” we concentrate on future funding methods by way of disruption. Tune in to the dialog between our host Rob Rubin, analyst Eleni Digalaki, and Alex Sion, managing director of Motive Create at Motive Companions.

The know-how has promising use instances throughout the banking sector. We spotlight the place and what banks ought to do to organize.

It plans to concentrate on integrating its newly-acquired startup, Energy Monetary, and enhancing enterprise efficiencies.

A lawsuit alleges it issued the unsuitable loans and is forcing compensation for what ought to be forgiven. BofA will doubtless blame authorities stress to maneuver rapidly.

It isn’t prepared to surrender on the principle avenue shopper. Shifting ahead, the unit faces many hurdles to beat its losses.

Enterprise playing cards and cash hyperlinks can assist handle cross-border fee challenges.

Generative AI may revolutionize numerous verticals inside banking. Here is our tackle the highest 4 areas the place the know-how may have the best impression.

Europe expands IT budgets in face of recession fears: Synthetic intelligence, cloud computing, and software program are know-how’s vivid spots, whereas gadgets proceed to hunch. We take a look at Europe’s progress alternatives.

The cohort experiences life by way of social media and cell gadgets. Banks should adapt to win their {dollars}.

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