What Was Behind the Recent Outage at Chime
Fortune digs into the causes of the October outage at Chime where, over the course of three days, their debit cards only worked ...
The Demise of Traditional Banking is a Good Thing
Writing in Quartz, the former CEO of Barclays and current Chairman of 10X Future Technologies, Antony Jenkins, discusses the demise of traditional banking ...
Singapore Emerging as Southeast Asian Hub for Fintech
The annual Singapore Fintech Festival just wrapped up with an estimated 60,000 attendees from 130 countries; the nation’s central bank, the Monetary Authority ...
The Original Challenger Bank Green Dot Facing Challenges Now
Green Dot is 20 years old now and they have built their business on the back of prepaid cards as an alternative to ...
Why US Banks Should Pay Attention to Chinese Fintechs
An op-ed in American Banker makes the point that Chinese fintech, propelled by Alipay and WeChat, is already at a scale far beyond ...
Starling Bank CEO Hits Out at Banks for Unfair Practices
The CEO of Starling Bank, Anne Boden, called out traditional banks for their unfair practices; she said it is, “unfair to charge people penalty interest ...
Big US Banks Facing Competition on Multiple Fronts
The market share of home loan origination of the three largest US banks, Wells Fargo, JPMorgan and Bank of America, has fallen from 49% in ...
Chime’s Early Traction no Definitive Path to Success
Chime has reached more than 5 million accounts is just about 5 years of operating as the startup tries to become an alternative to ...
A Digital Bank Wave Could be Around the Corner
Digital banks are beginning to catch on all over the world and a new wave in financial services might not be far off; emerging ...
UK Digital Banks Expected to Reach 35 Million Customers in 2020
A new report by Accenture says the UK’s digital banks are expected to reach 35 million customers in 2020; they have doubled their customer ...