So far this year we have seen so many negative stories about banking as a service. You could be forgiven that BaaS is dying a slow and painful death.
Visa is hosting its annual Visa Payments Forum in San Francisco this week, and yesterday, there were some major announcements. Some are calling this the biggest thing in card payments since the card chip.
The Biden Administration may have avoided AI-induced chaos by issuing a sweeping executive order to manage the risks of AI.
Much has been written about the looming end to the Apple-Goldman Sachs relationship (we even produced a cartoon about it). And while this is a big deal for Goldman and Apple, the average Apple Card holder likely does not give it a second thought.
After they famously imploded in March 2023, you could be forgiven for thinking that Silicon Valley Bank's fintech business was done. Not so.
This time last year SVB was still the go-to bank for fintech companies, with the vast majority of venture-backed firms as clients. That changed in March.
When it comes to the adoption of generative AI in finance, we are still at the top of the first inning.
That is why it was really interesting to read Penny Crosman's article yesterday about what is top is mind for bankers when it comes to Gen AI.
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.
A $200m equity raise at a valuation double the previous round? No you did not wake up in 2021 this morning, it is (checks watch) definitely January 2024.
I was just chatting with someone earlier this week about equity raises and I commented that there seems to be much more activity this month than in January 2023. While we are most definitely not back in 2021, VCs seem to be opening up their checkbooks a little more.
There is a new report out today that looks at the impact of generative AI on the workforce and what industries will be most impacted.
We have heard before that white-collar jobs, those people with college degrees will be most impacted. This report tries to quantify some of this impact.
Every quarter TransUnion releases its Credit Industry Insights Report. Their latest issue, released earlier this month, has some very interesting data.