Fiserv's game-changing move: special banking charter in Georgia 😳🏦; Power struggle intensifies at Klarna ahead of the IPO 👀🔔; The AI Trust Gap: how banks can win over wary customers 🤖🏦

FinTech is Eating the World, 7 October

Hey Everyone,

Good morning! We’re starting another great FinTech week on Tuesday but it’s really worth the wait 🤫 Today we’re looking at Fiserv which just got a special banking charter in Georgia (why it’s a game-changer & what it means for the future of PayTech & FinTech + bonus deep dives into Fiserv & co), intensifying power struggles at Klarna ahead of the IPO (what’s happening inside the Swedish FinTech giant & why it matters + bonus dives into Klarna & Adyen), and the AI trust gap banks need to close (a brief look at the latest research & key takeaways + bonus reads on AI + Finance). So let’s just jump straight into the spicy stuff 🌶️

Fiserv's game-changing move: special banking charter in Georgia 😳🏦

The BIG news 🗞️ Payments processing giant Fiserv FI 0.00%↑ has just secured a special banking charter in Georgia. This move marks only the second time* such a charter has been granted since its introduction in 2012.

Let’s take a quick look at this, see what it’s all about, and why this move can reshape the landscape of payment processing and FinTech.