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

PYMNTS

The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card. Accounts are FDIC-insured through a partnership with Bancorp Bank. The company said earlier this year that it had more than eight million accounts in place, as reported by the Los Angeles Times.

article thumbnail

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

PYMNTS

The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card. Accounts are FDIC-insured through a partnership with Bancorp Bank. The company said earlier this year that it had more than eight million accounts in place, as reported by the Los Angeles Times.

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Finovate Fall 2016 Live Blog – Day 2

William Mills

Working for the past 6 years with many banks to design their online experience. Los Angeles-based global company. “We Showing two different types of customers and how one person sees his online experience. This sounds like the best of both worlds – social funding for SMB’s with the backing of their FDIC-insurance bank.