The vast majority of companies in the Buy Now, Pay Later (BNPL) space are direct lenders like Klarna and Affirm who are trying to compete with banks leveraging Artificial Intelligence (AI) and other tools at their fingertips, but they do not always have the balance sheets to back up their ambitions. 

Yaacov MartinJifiti, ‘As banks begin to catch up with BNPL fintechs they stand to not only make the space safer for their customers, they also will help reign in AI bias’.

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