Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • Events Icon Events
    • Fintech Nexus Events
    • Fintech Meetup
  • Press Icon Press
  • Search
  • Sign in
Reading
Fintech Nexus Newsletter (May 14, 2024): Most of Klarna’s employees utilizing internal AI tool
ShareTweet
Home
News
Fintech Nexus Newsletter
Fintech Nexus Newsletter (May 14, 2024): Most of Klarna’s employees utilizing internal AI tool

Fintech Nexus Newsletter (May 14, 2024): Most of Klarna’s employees utilizing internal AI tool

Peter Renton·
Fintech Nexus Newsletter
·May. 14, 2024·4 min read

We learned back in February that Klarna’s AI chatbot was doing the work of 700 people.

Today, Klarna is reporting about its employee’s internal use of AI. It’s internal AI assistant, named Kiki, is answering 2,000 employee questions a day and over 87% of its employees are now using it.

Kiki helps manage and distribute internal knowledge and guarantees answers to questions within five seconds.

Klarna’s communications and legal teams are also using generative AI. This adoption is expected to improve the company’s profits by $40 million this year.

Klarna has embraced OpenAI’s tools and is proving to be a fintech trailblazer in this area. But the company, like everyone else, is just starting to explore the limits of what generative AI can do. 

And this technology is going to get much better very quickly. But Klarna is already showing the gains that can be made.


Featured

> Klarna Reports Internal AI Assistant Answers 2,000 Employee Questions Daily

www.pymnts.com

Klarna reported that over 87% of its employees across the company are now using generative artificial intelligence in their daily work. 


Personal newsletter takeover - 05132024

From Fintech Nexus

> april’s sees strong demand for self-guided, mobile tax filing

By Tony Zerucha

Findings from AI-powered tax-filing product april’s 2023 customer impact study suggest customers are receptive to a self-guided, mobile-first process.

> The Rise in Chargeback Awareness and its Impact on Banks

By Fatemeh Nikayin

As the digital economy expands, chargebacks will remain a vital consumer protection tool. The onus is on financial institutions to adapt to this changing landscape, ensuring that chargeback processes are efficient, transparent, and aligned with the evolving needs and expectations of consumers.


Persona newsletter takeover - 05132024

Podcast

Caleb Avery, Founder & CEO of Tilled on building a PayFac-as-a-Service

In today’s world of embedded payments any software company (ISV) can generate revenue from payments processing. PayFac-as-a-Service…

Listen Now


Webinar

Building Trust: Identity Verification Strategies in a World of Deepfakes and AI

May 22, 2pm EDT

With the rapid proliferation of deepfakes and advancements in AI, businesses face new challenges in verifying identities…

Register Now


Also Making News

  • USA: CFPB Distributes $384 Million to 191,000 Victims of Think Finance’s Illegal Lending Practices
    The CFPB distributed more than $384 million to consumers harmed by Think Finance from the victims relief fund, which has disbursed more than $1 billion.
  • USA: Kabbage Resolves PPP Fraud Claims For $120 Million
    Bankrupt small-business loan platform Kabbage agreed to resolve allegations that it improperly approved pandemic-era Paycheck Protection Program loans, officials said Monday.
  • USA: Treat Buy Now, Pay Later Loans Like Real Debt
    Consumers will benefit in the long run if Klarna, Affirm and their peers share borrowing data with credit bureaus. 
  • Global: FIS says it is once again putting banks first
    The core provider’s new CEO, Stephanie Ferris, vowed to refocus on banks as FIS reboots after selling off Worldpay.
  • USA: Unpacking the consumer impact of the Capital One and Discover deal
    One of the questions surrounding the Capital One-Discover deal is how the deal will impact the product mix, CX at the incumbent institution and by extension how these changes (if any) will impact consumers. 
  • Europe: ECB conducts first DLT trials for wholesale central bank money settlement
    The Eurosystem has begun the first of a series of trials to test the use of ditributed ledger technology (DLT) for the settlement of wholesale transactions in central bank money.

To sponsor our newsletters and reach 180,000 fintech enthusiasts with your message, contact us here.

  • Peter Renton
    Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

    View all posts
Tags
Global newsletternewsNewsletter
Related

Fintech Nexus Newsletter (June 11, 2024): Apple introduces Tap to Cash for iPhone to iPhone payments

Fintech Nexus Newsletter (June 10, 2024): Jelena McWilliams finds $85 million missing in Synapse fiasco

Fintech Nexus Newsletter (June 7, 2024): US Bank and Greenlight team up for for teen bank accounts

Fintech Nexus Newsletter (June 6, 2024): Robinhood acquires Bitstamp in a $200m deal

Popular posts

Today:

  • WordPress-Nico-Simko-1280x960px-2Nico Simko, Founder & CEO of Clair on a different approach to earned wage access Jun. 13, 2024
  • Crystal-ballFintech’s future predicted in Team8 report May. 23, 2024
  • Gazing Into the IPO Crystal BallKlarna Now, A Deluge Later? Mar. 20, 2025
  • filip-gielda-QKrLdkoYDrc-unsplash-2-1Aplazo bags $45B from QED investors to expand BNPL in Mexico May. 22, 2024
  • tsize_600x400_Con-70-millones-de-clientes-Nubank-es-el-lider-absoluto-en-America-Latina-e1708643041784Nubank’s Credit Loan Strategy: How It Works May. 30, 2024
  • Frozen_outFNNEditorial Cartoon for May 30, 2024 May. 30, 2024
  • WordPress-Anthony-Sharett-1280x960px-1-1Anthony Sharett, President of Pathward, on how to do banking-as-a-service right May. 30, 2024
  • Plaid launches a new product to take cash flow underwriting mainstreamPlaid launches a new product to take cash flow underwriting mainstream Jun. 4, 2024
  • Orum(2)Field of dreams, rails for payments: Orum partners with Visa Direct Feb. 27, 2025
  • Pat Kinsel, CEO and Founder, ProofAI Cometh for the Tax Man Apr. 17, 2025

This month:

  • Expect to Apply for BNPL Loan (2)Fintechs Flouting Recession Vibes  May. 8, 2025
  • Aidan CorbettWayflyer’s $5B Bet on Small Business Lending May. 1, 2025
  • Members Buy The DipsHerd-Earned Cash May. 15, 2025
  • Vesey Ventures – Julia HuangWhy agentic AI will spark commerce’s next PayPal moment Apr. 10, 2025
  • LoganAllinThe “Third Wave” Volatility Strategy for Fintech Investors Apr. 24, 2025
  • Climate Tech Funding Momentum Continues…For NowStormy Weather Ahead for Climate Finance? May. 1, 2025
  • USAID’s Role in Global Health FundingWith USAID in shambles, fintechs look to lend lifelines Apr. 24, 2025
  • Mortgage PerformancesHome Invasion: What Happens if Fannie and Freddie Go Private Apr. 10, 2025
  • Reimagining Overdrafts in the Age of Intelligent BankingReimagining Overdrafts in the Age of Intelligent Banking May. 8, 2025
  • Victor Fimbres, CoFounder and CTO, Forage(1)Amidst federal upheaval, lessons from 4 years of benefits-focused fintech May. 6, 2025

  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2025 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Newsletters
    • Fintech Nexus Daily
    • The Fintech Blueprint
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • Events
    • Fintech Nexus Events
    • Fintech Meetup
  • Fintech Blueprint
  • Advertise
    • Fintech Nexus
    • The Fintech Blueprint
  • Subscribe
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results