Chime

Big Banks Joust With Neobanks for Lower-Income Consumer Accounts
Big Banks Joust With Neobanks for Lower-Income Consumer Accounts
October 04, 2024  |  Banking

There’s a commonality in financial services — for brick-and-mortar players and for several FinTechs, though the approach may differ: Serving the needs of lower-income households....

READ MORE >
Chime’s Free Overdraft Feature Extended $30 Billion to Users
Chime’s Free Overdraft Feature Extended $30 Billion to Users
October 01, 2024  |  Digital-First Banking

FinTech firm Chime says it has covered billions in overdrafts for its users. Through SpotMe, the banking app’s free overdraft feature, Chime’s members have received a...

READ MORE >
Chime: No Comment on Report That Morgan Stanley Will Lead IPO
Chime: No Comment on Report That Morgan Stanley Will Lead IPO
September 26, 2024  |  IPO

Chime Financial reportedly selected Morgan Stanley to lead its initial public offering (IPO). The FinTech company aims to go public in 2025, Bloomberg reported Thursday...

READ MORE >
Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
August 08, 2024  |  Digital Banking

For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum...

READ MORE >
Chime Teams With NCR Atleos on Walgreens ATM Partnership
Chime Teams With NCR Atleos on Walgreens ATM Partnership
August 07, 2024  |  Partnerships

Banking app Chime expanded its relationship with self-service banking provider NCR Atleos. The expanded collaboration will see Atleos begin branding ATMs at 4,000 Walgreens stores...

READ MORE >
Chime Acquires Salt Labs, Launches Business Unit Focused on Employers
Chime Acquires Salt Labs, Launches Business Unit Focused on Employers
June 27, 2024  |  Acquisitions

Chime has acquired Salt Labs to accelerate Chime’s growth through the employer channel. The resources of Salt Labs, an enterprise technology company whose flagship product is...

READ MORE >
Chime to Add Earned Wage Access Offering to Banking App
Chime to Add Earned Wage Access Offering to Banking App
May 15, 2024  |  Digital Banking

Chime will soon add an earned wage access offering called MyPay to its banking app. The FinTech company has opened a waitlist for MyPay and...

READ MORE >
Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
May 07, 2024  |  CFPB

Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection...

READ MORE >
This Week in Web3: Usability, Utility and Oversight 
This Week in Web3: Usability, Utility and Oversight 
April 10, 2024  |  Blockchain

The next iteration of the internet, Web3, has been around for a while now.  Meta’s Reality Labs division — the arm of the tech giant...

READ MORE >