Fintech Recap: BaaS Consent Orders, Trade Groups v. Colorado on DIDMCA
Fintech Business Podcast
Chime's Growing Dominance and Potential IPO
The chapter dives into Ron Shevlin's analysis of Chime's booming customer base, surpassing major banking players with 38 million customers. It questions the validity of the figure, comparing it to other payment platforms and discussing the complexities of defining primary accounts in the fintech sector. Speculation on market dynamics, customer acquisition strategies, and the looming impact on traditional banks by newer players like Chime are also explored.
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