Fintech firm Pagaya has filed a lawsuit against its former partner, Klarna, alleging the company stole its AI-powered subprime lending model. Pagaya claims Klarna misappropriated trade secrets and violated licensing and loan sale agreements. This legal action stems from their previous partnership in the buy-now-pay-later sector. AI
IMPACT This lawsuit highlights potential intellectual property disputes arising from the use of AI in financial underwriting, which could impact how such models are shared and protected.
RANK_REASON Lawsuit filed by one company against another.
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