Klarna's losses widen after more consumers fail to repay loans
(ft.com)
Klarna’s losses widen after more consumers fail to repay loans
Klarna’s losses widen after more consumers fail to repay loans
Show HN: We saw a lot of issues with Stripe so we built an alternative
(dodopayments.com)
Boost success rates with localised payment methods across the world
Boost success rates with localised payment methods across the world
Klarna flip from AI-first to hiring people again, Survey Reveal AI projects fail
(fortune.com)
After leaning hard on AI for customer service, fintech Klarna says it's hiring more humans.
After leaning hard on AI for customer service, fintech Klarna says it's hiring more humans.
Klarna plans to hire humans again
(fortune.com)
After leaning hard on AI for customer service, fintech Klarna says it's hiring more humans.
After leaning hard on AI for customer service, fintech Klarna says it's hiring more humans.
Klarna flips from AI to hiring people, survey reveals most AI fail to deliver
(fortune.com)
After leaning hard on AI for customer service, fintech Klarna says it's hiring more humans.
After leaning hard on AI for customer service, fintech Klarna says it's hiring more humans.
Show HN: Maybe – The personal finance app for everyone
(maybefinance.com)
Maybe is an all-in-one personal finance platform. Track, optimize, grow, and manage your money through every stage of life.
Maybe is an all-in-one personal finance platform. Track, optimize, grow, and manage your money through every stage of life.
Erlang Solutions' Blog round-up
(erlang-solutions.com)
The tech world doesn’t slow down, and neither do we. From the power of big data in healthcare to keeping you up-to-date about fintech compliance, our latest blog posts explore the important topics shaping today’s digital world.
The tech world doesn’t slow down, and neither do we. From the power of big data in healthcare to keeping you up-to-date about fintech compliance, our latest blog posts explore the important topics shaping today’s digital world.
Stripe's payment API: The first 10 years (2020)
(stripe.com)
A few years ago, Bloomberg Businessweek published a feature story on Stripe. Four words spanned the center of the cover: “seven lines of code,” suggesting that’s all it took for a business to power payments on Stripe.
A few years ago, Bloomberg Businessweek published a feature story on Stripe. Four words spanned the center of the cover: “seven lines of code,” suggesting that’s all it took for a business to power payments on Stripe.
Fintech founder charged with fraud; AI app found to be humans in the Philippines
(techcrunch.com)
Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding investors on Wednesday, according to a press release from the U.S. Department of Justice.
Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding investors on Wednesday, according to a press release from the U.S. Department of Justice.
Solid (formerly Wise) files for bankruptcy
(techcrunch.com)
Banking-as-a-service startup Solid (formerly called Wise) has filed for Chapter 11 bankruptcy protection, according to documents filed in the United States Bankruptcy Court for the District of Delaware on April 7.
Banking-as-a-service startup Solid (formerly called Wise) has filed for Chapter 11 bankruptcy protection, according to documents filed in the United States Bankruptcy Court for the District of Delaware on April 7.
Grab closed an office full of engineers on $300k+ and nobody noticed
(efinancialcareers.com)
When Grab laid off 1,000 of its employees in mid-2023, CEO Anthony Tan said the $19bn Singapore fintech was trying to "rebalance [its] resources." Little was revealed about the specifics at the time, including the closure of an expensive office that has slipped under the radar ever since.
When Grab laid off 1,000 of its employees in mid-2023, CEO Anthony Tan said the $19bn Singapore fintech was trying to "rebalance [its] resources." Little was revealed about the specifics at the time, including the closure of an expensive office that has slipped under the radar ever since.
Show HN: We open sourced a $50M neobank
(hackclub.com)
Hack Club launched HCB in 2018 to enable hackathons to raise and spend money through fiscal sponsorship.
Hack Club launched HCB in 2018 to enable hackathons to raise and spend money through fiscal sponsorship.
931 Laid off at Block (Formerly Square) based on performance
(techcrunch.com)
Fintech Block laid off 931 people, roughly 8% of the company’s staff, on Tuesday, according to a leaked message from the company seen by TechCrunch.
Fintech Block laid off 931 people, roughly 8% of the company’s staff, on Tuesday, according to a leaked message from the company seen by TechCrunch.
DoorDash Offering Payment Plans for Food Delivery Sparks Backlash
(newsweek.com)
DoorDash is teaming up with Klarna to introduce a "buy now, pay later" option for food delivery, allowing customers to split their purchases into four interest-free payments.
DoorDash is teaming up with Klarna to introduce a "buy now, pay later" option for food delivery, allowing customers to split their purchases into four interest-free payments.
Tell HN: Wise makes all user phone email and name data discoverable by default
(ycombinator.com)
Wise makes all user phone email and name data discoverable by default
Wise makes all user phone email and name data discoverable by default
Emerging AI Agent Architecture for Fintech with DeepSeek Foundation Models
(ycombinator.com)
Folks, we're defining a new AI Agent architecture for Fintech to support different foundation models.
Folks, we're defining a new AI Agent architecture for Fintech to support different foundation models.
CFPB Orders Wise to Pay $2.5M for Illegal Remittance Practices
(consumerfinance.gov)
The Consumer Financial Protection Bureau (CFPB) today ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs.
The Consumer Financial Protection Bureau (CFPB) today ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs.
Show HN: Masterkey – A TurboTax-like platform for self-service home buying
(trymasterkey.com)
Save $12,400 and Buy Your Home with Confidence using Masterkey's AI-powered platform
Save $12,400 and Buy Your Home with Confidence using Masterkey's AI-powered platform
No one is disrupting banks – at least not the big ones
(popularfintech.com)
The largest U.S. banks just reported their fourth quarter and full-year 2024 results. And you know what? Banks are doing really well. This made me realize that, unfortunately, despite almost 30 years of trying, Fintech companies have not disrupted banks. At least, not the big ones.
The largest U.S. banks just reported their fourth quarter and full-year 2024 results. And you know what? Banks are doing really well. This made me realize that, unfortunately, despite almost 30 years of trying, Fintech companies have not disrupted banks. At least, not the big ones.
CFPB Orders Operator of Cash App to Pay $175M and Fix Its Failures on Fraud
(consumerfinance.gov)
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund.
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund.
Lawsuit:PayPal Accused of Poaching Commissions Via Its 'Honey' Browser Extension
(law.com)
Fintech giant PayPal was hit with a proposed class action on Sunday for allegedly pocketing sales commissions belonging to YouTube influencers for promoting products and services in their content.
Fintech giant PayPal was hit with a proposed class action on Sunday for allegedly pocketing sales commissions belonging to YouTube influencers for promoting products and services in their content.
Creem: The payment platform that calls BS on hidden fees
(shipandsip.substack.com)
Co-founders Gabriel and Alec are two builders from the blockchain & crypto space who decided to reshape fintech for small indie entrepreneurs and startups.
Co-founders Gabriel and Alec are two builders from the blockchain & crypto space who decided to reshape fintech for small indie entrepreneurs and startups.
Formance – The Color of Money: Towards a New Data Model for Fintech, Part II
(formance.com)
Earlier, we discussed the concept of promises, and how fintechs should see themselves as being in the business of managing warehouses of promises, that is, managing promises between banks and clients on their behalf. But because promises are non-fungible, warehousing will require a new ledger semantics, one that will ultimately make auditing transactions easier and that provides greater protection for customers and other fintechs in the value chain.
Earlier, we discussed the concept of promises, and how fintechs should see themselves as being in the business of managing warehouses of promises, that is, managing promises between banks and clients on their behalf. But because promises are non-fungible, warehousing will require a new ledger semantics, one that will ultimately make auditing transactions easier and that provides greater protection for customers and other fintechs in the value chain.
Engineers do not get to make startup mistakes when they build ledgers
(alvaroduran.com)
Not losing track of money is the bare minimum for fintech companies.
Not losing track of money is the bare minimum for fintech companies.
Cash App migrated 400TB of data to PlanetScale's cloud
(planetscale.com)
Cash App's move to PlanetScale resulted in streamlined database operations, improved performance, and reduced operational overhead.
Cash App's move to PlanetScale resulted in streamlined database operations, improved performance, and reduced operational overhead.