Digital banking startup Chime saw a big boost last week after Wells Fargo reported an outage where customers could not...
With the coronavirus causing havoc in financial markets and likely leading to a sharp economic slowdown fintech startups will be...
Wells Fargo is still digging out from a PR disaster last week when the bank went offline for a large...
New research from Apptopia shows that the leading digital banks in Europe are off to a slow start in the...
According to CB Insights challenger banks are the fastest growing fintech segment in the world; U.S. based Chime has been...
JP Morgan just shut down its neobank competitor Finn, targeted at Millennials in a smartphone app wrapper. Several other traditional banking incumbents have similar efforts, from Wells Fargo's Greenhouse, Citizens Bank's Citizens Access, MUFG's PurePoint and Midwest BankCentre's Rising Bank, as well as most of the Europeans (e.g., RBS competition to Starling called Mettle). These banks have every advantage -- from product infrastructure, to balance sheet, to regulatory licenses, to physical footprint, to relationships with the older generation. So how is it that players like Chime, MoneyLion, Revolut, and N26 are all able to get millions of happy users and the incumbents are failing?
The company has raised a $200 million Series D round which was led by DST Global; new investors include Coatue,...
The current pandemic has upended the financial services industry more in the last two months than fintech has in the...
Leading digital bank Chime has launched an innovative new credit card called Credit Builder; surveys have shown that most millennials...
Digital banking startup Chime is looking to ride the wave of challenger banking and provide customers with a better experience...