fintech

Latest in fintech

A decision to start factoring buy-now, pay-later data into FICO credit scores could have major impacts on the economy.

Microloan Apps May Be Poised to Destroy the Economy

Jack Dorsey is making sweeping layoffs at Block, affecting 931 employees, or about 8 percent of the company's total staff.

Jack Dorsey’s Flailing Crypto Business Is Laying Off More Than 900 Employees

A new partnership between two startups will soon offer Americans the choice to pay for their delivered food in four easy payments.

Dystopia Intensifies as Startup Lets You Take Out a Micro-Loan to Get Fast Food

The head of the "buy now, pay later" firm Klarna is now bragging that AI has begun to successfully replace his human workforce.

Artificial Intelligence

CEO Says He Hasn’t Hired Anyone in a Year as He Replaces Human Workers With AI

By Noor Al-Sibai

People who put their savings into fintech services are left holding the bag after a little-known firm went broke and took their life savings.

Online Bank Users Horrified as Their Savings Accounts Vanish Into Thin Air

By Noor Al-Sibai

Intuit demanded that The Verge delete a portion of an interview with its CEO that centered on Intuit's controversial lobbying efforts.

Intuit Begs Journalists to Delete Part of Interview With Its CEO

By Maggie Harrison Dupré

Just six months after opening a cocktail lounge in its San Francisco offices, the startup Expensify is shutting down its fancy company bar.

Startup Admits Office Cocktail Bar Wasn’t a Good Idea

By Noor Al-Sibai

The IRS announced Monday that it will use "cutting-edge" AI tech to hold the US' wealthiest people and company accountable to tax debt.

Artificial Intelligence

The IRS Says It’s Using AI to Bust Zillionaire Tax Cheats

By Maggie Harrison Dupré

A bizarre Bank of Ireland glitch allowed customers to withdraw up to 1,000 Euros from their accounts — even if they didn't have the money.

Bank Accidentally Lets People Withdraw Money From ATMs Even If They Don’t Have Any

By Maggie Harrison Dupré

The rise of AI coincides with all-time debt highs — and one startup is cashing in by having AI robocalls do way more collections than humans.

Artificial Intelligence

Cursed New AI Calls Debtors to Hassle Them for Money

By Noor Al-Sibai

Tipping workers is undeniably good, but with self-checkout machines prompting customers for optional tips, some wires are getting crossed.

Robots and Machines

Self-Checkout Machines Ridiculed for Asking for Tips

By Noor Al-Sibai

Goldman Sachs' board members are, apparently, mighty fed up with CEO David Solomon's increasingly problematic disc-jockeying hobby.

Goldman Sachs Annoyed by CEO’s Part Time Gig as a DJ

By Noor Al-Sibai

Bank of America and the Zelle money exchange app apparently lost a bunch of peoples' funds yesterday in a strange error between the institutions.

Furious Customers Trash Bank of America and Zelle For Somehow Losing Their Money

By Noor Al-Sibai

JPMorgan says it was tricked to pay $175 million for a startup that had fabricated millions of users. File under: nothing's real anymore!

JPMorgan Says Startup Tricked It Into an Acquisition by Cooking Up Millions of Fake Users

By Maggie Harrison Dupré

Congress maay actually regulate crypto after the market's latest crash that wiped out $40 billion in crypto assets. It may regulate stablecoins completely.

Congress Moves to Regulate Crypto After Meltdown Wipes Out Investments

By Lonnie Lee Hood

OnlyFans says it isn't experiencing subscriber losses like Netflix is, which reported the first paid customer drop in a decade.

OnlyFans Taunts Netflix, Says Its Subscriber Numbers Are Just Fine

By Lonnie Lee Hood