Act as a senior journalist and professional content writer to write 1500+ words news article, SEO-optimized news article,, easy-to-understand news article. Begin with a compelling, keyword-rich title wrapped in an H1 HTML tag (
). Follow with a bolded one-paragraph summary wrapped in a div with the class name “yellowbg” (
[Insert Summary]
). Structure the article with an engaging lead paragraph that answers the 5 Ws and 1 H (Who, What, Where, When, Why, and How), followed by informative subheadings (use
for main subheadings and
for supporting subheadings). Include bullet points for key highlights, relevant quotes, and data where applicable. Use simple, clear language for broad accessibility. Conclude with a strong closing paragraph, a list of keyword-rich terms, and relevant hashtags. Ensure the content is well-structured, concise, and tailored for readability while maintaining a professional tone. Example format:
[Insert Title]
, Summary:
[Insert Summary]
, Lead: [Engaging opening answering 5 Ws and 1 H],
[Main Subheading]
, [Key points],
[Supporting Subheading]
, [Key points], Conclusion: [Closing paragraph], Keywords: [List], Hashtags: [List]. Rewrite the following content accordingly:
Klarna, the buy-now-pay-later (BNPL) pioneer, has already leveraged AI to drive impressive efficiency gains.
Swedish fintech Klarna has received an electronic money institution licence from the Financial Conduct Authority, setting the firm up to compete with UK firms Monzo and Revolut.
The licence will allow Klarna to offer its 11 million UK customers savings accounts and also pave the way for a debit card launch.
Abby Vickers, Klarna’s head of financial services UK, hailed the approval as the “next big step in the UK” as it seeks to extend operations.
Vickers said “traditional banks are still playing catch up,” as she touted the fresh permissions as ramping up Klarna’s offerings for finance management.
The licence approval comes as the fintech looks to diversify away from its flagship buy now, pay later loans.
The UK government launched a crackdown on buy now, pay later providers earlier this year requiring new affordability checks as a part of efforts to make banking standards more consistent.
Klarna IPO on ice
Klarna set out plans to IPO on the New York Stock Exchange earlier this year, but was quickly derailed after President Donald Trump’s tariff onslaught.
The company has significant ties to US and China trade due to its prevalence on Chinese ecommerce websites Temu and Shein, which were at risk of the White House’s protectionist policies.
Klarna is anticipated to take a second shot at a public listing in the near future, following US fintech Chime’s successful IPO.
Consumer credit losses topped $136m – marking a 17 per cent rise. The proportion of loans not paid back – its credit loss rate – edged up to 0.54 per cent from 0.51 per cent.
The firm has also faced a more competitive buy now, pay later market in the last year with the growth of firms such as Zilch and Clearpay.
Klarna has diversified its product range on the back of rising competition with a new “Klarna Plus” subscription services and most recently the launch of physical cards – something rival Zilch has also introduced.
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