Buy-now-pay-later firm Klarna applies for US banking license
Klarna Group Plc applied for a bank license in the US as the firm, known for buy-now-pay-later loans, seeks to...
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AI flashes potential to improve loan portfolio health
Financial institutions and fintechs are recognizing AI’s ability to improve overall portfolio health, whether it’s through reduced delinquencies, enhanced credit decisions or...
AI in trading can be risk for financial markets
Financial regulators and industry experts alike are paying attention to how the industry is using AI agents for trading activity. Some fintechs such as Robinhood have...
Meta is building a cloud business to sell excess AI compute
Meta Platforms Inc. is developing plans for a cloud infrastructure business that will sell access to AI computing power and...
Transactions: Credit unions lock in AI providers
Multiple credit unions tapped fintechs for AI-driven lending, personal finance and digital banking solutions over the past several weeks. Technology consultant Cornerstone Advisors reported that 59% of...
