CHIME

Chime expands coronavirus stimulus check advances to 100,000 customers

04/09/20

Customers in the challenger bank's pilot program drew down an average of $200 each in advance of the government's $1,200 payments.

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Fintechs, small banks do their part in coronavirus fight despite risks

04/06/20

Leaders like Chris Britt at Chime, Brett King at Moven and Jill Castilla at Citizens Bank of Edmond are getting inventive as they try to help those hurt economically by the pandemic.

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Now $500 million richer, Chime eyes acquisitions

12/06/19

The challenger bank might use the proceeds from its latest funding round to buy other fintechs that would allow it to add more products and services, its CEO said.

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Challenger banks bet public trusts them more than Google

11/17/19

Consumer trust issues have long been a stumbling block for challenger banks, but many say Google will face bigger obstacles.

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Neobanks pose latest threat to prepaid card issuer Green Dot

11/08/19

Earlier this decade, a boom in low-cost prepaid cards undercut the firm's business model. Now the fiercest competition is coming from venture capital-backed startups that offer accounts with no overdraft fees.

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Challenger banks already had trust issues. Then came the service interruptions.

10/23/19

Outages last week at Chime and Varo Money have executives on the defensive.

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Third-party glitch disrupts services of two popular challenger banks

10/17/19

The payment processor Galileo suffered what it described as an "operational incident" that caused more than 24 hours of outages at the fintechs Chime and Varo Money.

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Small bank’s big digital goal: Launch 3 niche banks

10/01/19

Surety's first online bank, booyah, is aimed at college students and young grads.

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Why fintech rollouts are magnets for fraud

09/16/19

Hackers go in for the kill when challenger banks and others launch retail products. So the companies are forced to step up their defenses — fast.

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Challenger banks apply pressure with fee cuts

09/08/19

Charging customers $40 for a $10 overdraft “makes no mathematical sense,” Chime CEO Chris Britt says in a critique of traditional banks.

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