Figuring Outย โขย 8m
How Chime Became Americaโs Biggest Neobank! So Back in 2012, Chris Britt and Ryan King realized that people were living paycheck to paycheck while banks were making billions from overdraft fees, monthly charges, and intrests. Thus, they decided to build a bank with zero fees, and thatโs how Chime was born! Unlike traditional banks, Chime didnโt have physical branches. Instead, it operated as an online-only bank that partnered with existing banks to offer fee-free banking services such as checking and saving account. With this thought, they launched their first product, a prepaid card in 2014, and the next year, a service to borrow salary two days early. Finally in 2016, they added savings and checking accounts with no fees. And from then on, they just kept growing! Tho Chime faced various regulatory issues, it still managed to overcome all the hurdles and kept expanding. Today, it has over 22 million active users, generates $1.3 billion in revenue, and is a $25 billion startup.
Hey I am on Medialย โขย 8m
We are into the business of Digital Lending. We have multiple Banks,Credit Cards,Insurance etc on our platform. We want to share this platform with interested candidates for a nominal fees of Rs100/- per month so they get an opportunity to earn unlim
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Dexter Capital Advisorsย โขย 1y
Imagine a bank hiring 500 people, and laying off way more than that next year ๐๐ Itโs very very uncommon. And yet here we are! .. What has happened? -> YES BANK has laid off about 500 people with a three-month severance pay, and more layoffs mi
See MoreTrying to do betterย โขย 4m
Exploring Negative Interest Rate Policy (NIRP) Have you ever wondered about central banks setting interest rates below zero? This is known as Negative Interest Rate Policy (NIRP). Here's a quick look at this unconventional monetary tool: โ๏ธ What is i
See MoreJust go with the flo...ย โขย 7m
I am just wondering how the bank will adopt the advanced Ai technology as it is a sensitive thing but as the world is moving at such a fast pace will it work if the banks remain the same and if ai is used we need to train the ai so each and every inf
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Dexter Capital Advisorsย โขย 1y
Paytm shareholders are ignoring this? ๐๐ The fintech giant was the only UPI app to be making money on UPI. And now thatโs no more possible. Here's all you should know! .. The thing is, NPCI (via Govt grants) compensates the banks to up keep the
See MoreFounder Snippetz Lab...ย โขย 7m
We think of banks as places that store our money and keep it safe. But thatโs not really whatโs going on. When a bank gives out a loan, they donโt get poorer. They simply type new money into your bank account. Itโs brand-new money that never exis
See MoreThe Way I See Itย โขย 11m
TransferWise: Revolutionizing Global Money Transfers In 2011, Estonian friends Taavet Hinrikus and Kristo Kรครคrmann faced a common frustration: high fees and poor exchange rates every time they transferred money internationally. Taavet, earning in eu
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