Here is another use case for generative AI. BNPL giant Klarna is using Gen AI to run marketing campaigns and generate images.
As the price of bitcoin goes, so goes Coinbase.
Bitcoin hit an all-time high in the first quarter, and Coinbase reported its best-ever results. The company made $1.18 billion in net income on total revenue of $1.64 billion. Those are impressive numbers, any way you look at them.
Fintech infrastructure is still hot. As earnings season wraps up, we heard from nCino yesterday as they reported on their fiscal first quarter, which ended on April 30.
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.
The SEC is at it again.
Over the weekend we learned that the SEC has sent a Wells Notice to Robinhood regarding its crypto activities.
It was almost a year ago when FIS acquired embedded finance startup Bond. CEO Roy Ng and much of the team stayed on at FIS.
Today, we learned about the fruits of this integration. FIS has announced the launch of Atelio by FIS, its new embedded finance platform.
Nubank is a fintech phenomenon. The numbers speak for themselves.
Today, the Brazilian digital bank announced that it has surpassed 100 million customers in the three countries it operates in: Brazil, Mexico, and Colombia. It is the first digital bank outside of Asia to hit that milestone.
Upstart has been a trailblazer when it comes to using AI in lending. They were the first fintech lender to make it a core part of their offering.
Today, the company announced that they had added a programmable payments feature to their private permissioned blockchain-based JPM Coin.
Zelle has started refunding imposter scam victims, after years of banks questioning their responsibility to do so.