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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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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