BNPL providers, Affirm and Klarna, initially grew by integrating into e-commerce checkouts, and are now contending for partnerships with major banks.
With banks now entering the BNPL space, firms like Affirm and Klarna have an opportunity to further solidify their positions and for the BNPL industry at large.
Trevor Marshall, Current's CTO, reports success with model-driven deployments that boosted the firm's Paycheck Advance product.
Through focused model improvement and heuristic deployment, Marshall's teams enhanced ML infrastructure to better predict payroll timing and significantly improve fraud detection.
Fintechs — and now banks — are moving more deeply into stablecoins, but their playbooks differ based on their respective strengths and constraints.
Stablecoins bring with them both immediate and far-off opportunities and risks, and how the financial industry navigates these will determine their long-term impact.
