Klarna’s $15 billion IPO was more than a financial milestone. It spotlighted how the Swedish buy-now-pay-later (BNPL) firm is grappling with artificial intelligence (AI) at the heart of its operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Australia, while a burgeoning mobile-first market, presents a paradox for financial institutions, FinTech innovators and payment providers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Subprime auto lender Tricolor Holdings reportedly filed to liquidate in bankruptcy Wednesday (Sept. 10), the same day it was reported that banks were set to suffer hundreds of millions of dollars in combined losses from loans tied to the company. Get the Full Story Complete...
Securities and Exchange Commission (SEC) Chairman Paul Atkins said Wednesday (Sept. 9) that “crypto’s time has come.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
The Labor Department’s Office of the Inspector General said Wednesday (Sept. 10) that it has begun a review of the Bureau of Labor Statistics’ “challenges” in collecting and reporting economic data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
It’s a long way from here to Klarna’s peak $46 billion valuation from 2001, but Tuesday’s nearly 15% pop in its IPO price offered up a public markets “seal of approval” for buy now, pay later (BNPL) as a game-changing financial services play. Get the...
Comptroller of the Currency Jonathan Gould said Wednesday (Sept. 10) that the crypto-related activities that many banks want to participate in are legally permissible and that these activities should not be stigmatized. Get the Full Story Complete the form to unlock this article and enjoy...
Bank CEOs told lawmakers at a Senate Committee hearing Wednesday (Sept. 10) that deposit insurance reform is urgently needed in the wake of the Silicon Valley Bank collapse of 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Sam’s Club is moving artificial intelligence out of the back office and onto the sales floor. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
