News

Every day the Fintech Nexus News team writes original stories from around the world, and we archive them chronologically on this category landing page.

Fintech Nexus Newsletter

·May. 14, 2024

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

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.

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Fintech

·May. 14, 2024

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

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

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Fintech

·May. 13, 2024

The Rise in Chargeback Awareness and its Impact on Banks

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.

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Fintech Nexus Newsletter

·May. 13, 2024

Fintech Nexus Newsletter (May 13, 2024): Generative AI comes to core banking with Temenos

While the AI hype cycle continues, we are starting to see real fintech products come to market using this new technology. Today, core banking provider Temenos has announced the release of its Responsible Generative AI solutions for core banking as part of its "AI-infused banking platform."

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Fintech

·May. 13, 2024

What Generation Z and millennials expect: Here’s how to give it to them

As 43% of Generation Z and millennials increase credit card spending, it's an incentive to learn the preferences of this influential group.

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Fintech Nexus Newsletter

·May. 10, 2024

Fintech Nexus Newsletter (May 10, 2024): TabaPay has pulled out from Synapse acquisition

The fintech soap opera that is the Synapse saga took another turn yesterday. We learned less than three weeks ago that TabaPay was acquiring Synapse out of bankruptcy. Now, that deal appears to have fallen apart as disagreements between Synapse, Evolve Bank and Trust and Mercury remain unresolved.

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Embedded Finance

·May. 10, 2024

Jifiti is shaping embedded finance

Jifiti is quietly shaping the future of embedded finance by working strategically with banks to deliver personalized solutions.

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cybersecurity

·May. 9, 2024

Three strategies for winning the cybersecurity arms race

Financial institutions are grappling with increasing cybersecurity threats due to heightened cloud adoption and technological sophistication. To combat these challenges, financial institutions must take proactive measures to protect themselves. Red Hat’s Dr. Richard Harmon provides insight on three key measures that can mitigate risk: collaboration, automation and standardization.

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