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Chime Commands $1.5B Valuation After Capital Raise

PYMNTS

The company also plans to double its size to more than 200 employees and expand its leadership team. Chime noted in its press release that it began March with more than three million FDIC bank accounts. Chime said proceeds from the funding will go toward growing the business and launching additional lending and credit products.

Capital 116
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10 Top Banking Podcasts You Should be Listening to

Abrigo

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry.

Community 195
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Acquire or Be Acquired 2024: A Race to Perform … and Earn the Right to Transform 

Gonzobanker

Concerns about successors to today’s executive leadership teams dominated many presentations. The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” While the mood felt upbeat and optimistic (maybe it was the sunny and mid-70s weather?),

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Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. The Bancorp, Inc. Nasdaq: TBBK) Founded in 2000, this $7.5 NasdaqGS: FCNC.A)

Fresno 101
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Ground attack or air strike: Winning the banking customer battle

Insights on Business

Advances in digital technologies allow banks to grow without a vast branch network, and it is now possible to gain a disproportionately larger market share relative to its branch share through this halo effect , powered by mature digital offerings and strong branding. 3] Source: FDIC banking industry data, 1994-2017.

Branding 143
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Bankers: Are We Accountable?

Jeff For Banks

Twenty years ago there were 14,000 FDIC-insured financial institutions. And yes, some are beyond our control such as population mobility, technology, and the need for some scale to invest enough to remain relevant. Today that number is cut in half. The reasons are many.

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Finance Policy Predictions 2020: AML, Authentication, Collections & CRA

FICO

Industry is anxious for some clear rules of the road, including resolution on such issues as to how many attempted calls can be made weekly to a debtor and how collectors can leverage modern communications technology (e.g., While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g.,