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Financial Services

Baby boomers support their adult children at the expense of their retirement accounts.

The P2P player was able to make this pivot thanks to the success of its integration in banks’ apps, which currently lead to 98% of its transactions

As the deal gets close to being finalized, banks and payment players need to prepare for a new competitive landscape

Many may turn to BNPL to make these purchases, providing a growth opportunity for providers

Nonbank lenders face lighter regulatory oversight than traditional lenders, allowing them to take on more risk when it comes to AI. When used in the lending process, AI can speed up approvals and communications while personalizing service.

This leaves the BNPL industry back at square one in terms of regulation, creating uncertainty for providers

As hype over the asset class explodes, players want to capitalize on early-mover advantages

These can fuel more frequent debit card usage, helping these cards better compete against credit card programs

The company is likely looking for ways to reinvigorate growth after a weaker-than-expected Q4