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You don't need to be a genius to see it: AI tools will supercharge fraud. AI tools are there for fraudsters too, and we may just be seeing the beginning of it. Imagine phishing + spearphishing combined — fraudsters will be able to conduct more personalized attacks at scale.

Considering fraud prevention takes time to  teach users the right habbits, I'm really supprised many banks seem to postpone introducing antifraud programs. I guess prevention is not sexy enought to get good KPIs.      

Clearly this one will be taking from the rich (APR of 20.24% – 29.99%).

Since we are talking about Robin Hood here - shouldnt they  redirect some of these profits to the financialy underserved ?   

Just to put that in context, top Fintechs from Europe, with global presence (Revolut, Klarna) are expected to report around 2 Bn in revenues for 2023. How was it possible for Nu bank to grow so much faster? Is Nu bank so much better or was Brazil such an opportunity?