The Strategy Behind Affirm’s Move to the UK
Affirm has announced its first expansion outside North America, bringing its buy now, pay later options to the United Kingdom. The company first expanded beyond the United States and into Canada in 2022, but the UK is its first overseas market. Affirm is launching in the UK with two partners: Alternative Airlines, a flight booking […]
New ChatGPT Model Can Be Exploited for Voice Scams
The newest version of OpenAI’s popular chatbot, ChatGPT, can be used to perform financial scams with a low to moderate degree of success. ChatGPT-4o was launched in May, offering an enhanced platform that includes inputs and outputs for text, voice, and vision. OpenAI has said it included safeguards to identify and block harmful content, like […]
How Many Charge-Offs Are There for Small Credit Card Issuers?
Small credit card issuers are facing a significant challenge in today’s economic environment as charge-off rates rise across the industry. Unlike larger, well-capitalized institutions, smaller issuers often have less flexibility in managing credit risk, which can make even a slight uptick in charge-offs more impactful to their bottom lines. As charge-offs continue to climb, understanding […]
Are We Approaching a Golden Age for Stablecoins?
Even as bitcoin surges in values and institutional investors move heavily into crypto, widespread adoption of digital currencies as a mainline payment vehicle remains on a distant horizon. Then there are stablecoins. These programmable digital currencies are coming into their own, as their resistance to volatility and ability to be programmed in transactions open up […]