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3 Ways Financial Institutions Can Step Up for Underserved Communities

Perficient

Financial institutions can help combat these “bank branch deserts” by investing in more customizable mobile banking platforms that include easy-to-reach customer support representatives and AI-powered chatbots that are sophisticated and multilingual.

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

PYMNTS

That’s especially true when looking at Chime’s model, which, though underpinned by some significant tailwinds wrought by the pandemic, rests on debit and prepaid cards, and on user interfaces … and, for would-be investors anticipating an IPO, an implied bet that challenger banks will dislodge incumbents. billion, as CNBC reported.

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Why The Bank-FinTech Relationship Is More Complicated Than Conflicted

PYMNTS

And that is a bank – one with FDIC insurance and safeguards that keep their money safe. 93 percent had a bank account. Consider a recent PYMNTS interview with Gerhard Oosthuizen, chief technology officer for Entersekt , a South Africa-based FinTech firm that focuses on mobile authentication and app security software.

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

PYMNTS

That’s especially true when looking at Chime’s model, which, though underpinned by some significant tailwinds wrought by the pandemic, rests on debit and prepaid cards, and on user interfaces … and, for would-be investors anticipating an IPO, an implied bet that challenger banks will dislodge incumbents. billion, as CNBC reported.