Dive Deposits: Affirm’s AI stance runs counter to trend

Dive Deposits: Affirm’s AI stance runs counter to trend

While some fintechs are content to do more with less through AI, BNPL platform Affirm simply aims to do more, as its top execs eschew human layoffs in favor of artificial intelligence.

Affirm’s $350 Million Bank Gambit Puts San Francisco Fintech On Edge

Affirm is putting roughly $350 million on the line in a bid to own its own bank, tighten up its funding costs and keep fees it currently hands over to partner banks. The San Francisco fintech laid out the plan at its investor forum on Tuesday, walking investors through proposed deposit products, new bank leadership hires and a phased buildout of an industrial bank. The move is pitched as the next logical step in Affirm's rapid expansion of its c…

Affirm seeks bank apps to build its BNPL empire

At its first investor forum since 2023, Affirm outlined its plans for Affirm Edge, a new product that will integrate its buy now/pay later and installment loans directly into banking apps.