Affirm is mining its data for a better read on borrowers with its new transformer-based underwriting model.
By extracting new signals from existing data, the BNPL firm is betting that its transaction-level view of consumers can become a competitive advantage in its own right.
Nubank just launched in the U.S. with 3.50% savings, a no-fee credit card, and free international transfers, its bid to crack the toughest banking market.
The purple card conquered Brazil by ditching fees and serving millions banks ignored. Now Nubank bets that the playbook works on Americans too.
Fiserv is unwinding years of accumulated technology complexity, with CEO Takis Georgakopoulos focused on consolidating platforms and improving execution.
The challenge is making Fiserv’s sprawling infrastructure work better, with its scale and installed base giving it plenty to protect but also raising the stakes of getting the overhaul right.
