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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

And within FinTech, that most incandescent of sectors, things might look a bit, well, frothy. Accounts are FDIC-insured through a partnership with Bancorp Bank. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters.

article thumbnail

Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

And within FinTech, that most incandescent of sectors, things might look a bit, well, frothy. Accounts are FDIC-insured through a partnership with Bancorp Bank. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters.