29 August 2024
Written By FinTech Alliance in FinTech
Klarna Bank AB reported a 27% revenue increase in H1 2024, driving adjusted profits to 673 million kronor, up from a loss last year. The fintech's cost controls and AI investments, which now handle tasks for 700 employees, contributed to this turnaround.
As Klarna prepares for a potential 2024 IPO, potentially valuing the company at $20 billion, it’s considering a secondary share sale to boost valuation. Recent strategic moves include selling its Checkout business and acquiring Laybuy.
Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...
This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.
Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...
This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.
Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...
Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...
UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...
Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...
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