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3 Ways Financial Institutions Can Step Up for Underserved Communities

Perficient

John Doe may come to a financial institution seeking guidance on how to live off his social security money, while Jane Doe may need assistance on how to best invest the substantial amount of money she recently inherited – each customer should be treated with the same amount of care and thought.

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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. 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. 93 percent had a bank account.

Fintech 191
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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 Accounts are FDIC-insured through a partnership with Bancorp Bank. billion, as CNBC reported. That eye-popping number is a rough doubling in valuation from the end of last year, and multiples above the $1.5

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

PYMNTS

This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 Accounts are FDIC-insured through a partnership with Bancorp Bank. billion, as CNBC reported. That eye-popping number is a rough doubling in valuation from the end of last year, and multiples above the $1.5