Digital banking startup Chime said on Monday it would be targeting a $9.5 billion U.S. IPO in the biggest listing in United States since the announcement of President Donald Trump’s sweeping tariffs. While Chime is offering 25.9 million shares in the offering, other shareholders like the venture capital firm Cathay Innovation are putting up 6.1
In an era where the dimension of risk has increased for financial institutions, cyber security becomes an absolute non-negotiable. Banks and fintechs, thus, keep on looking for a sturdy solution to cyber snooping so as to convince customers and keep their data from being breached. ThreatZero Banking is at the forefront of this battle, offering
The Consumer Financial Protection Bureau followed through Friday on a plan to let its open banking rule die. The agency filed a motion for summary judgment in U.S. District Court for Eastern Kentucky in a case brought by bank trade groups last year challenging the rule. In its Friday filing, the CFPB conceded the rule
Accordingly, a proposal is being prepared by the Department of Financial Services (DFS) and the Department of Posts (DoP) to provide banking services within a 3-km radius for all citizens, with India Post’s extensive network of over 150,000 rural post offices expected to play a central role, two people directly involved in the process told
Historically, many individuals have been excluded from formal financial services due to inadequate infrastructure, limited access to traditional banks and low-income levels. The narrative is, however, changing with the emergence of modern technology. Key developments include: Introduction of ATMs: Provided basic banking services outside traditional bank branches, but were limited to urban areas. Mobile banking:
The Consumer Financial Protection Bureau has asked a federal court to vacate its own open banking rule because it believes the rule exceeds the bureau’s authority and is arbitrary and capricious in its scope. In a motion for summary judgment filed Friday evening in the U.S. District Court for the Eastern District of Kentucky, the
[BENGALURU] Digital banking startup Chime Financial said on Monday (Jun 2) it was targeting a valuation of up to US$11.2 billion on a fully diluted basis in its long-awaited New York initial public offering, underscoring the growing momentum in the new listings market. San Francisco, California-based Chime and some of its existing shareholders are seeking
SEDCO, a global leader in customer experience and digital transformation solutions, has partnered with S2M, a pioneer in payment and card management technologies, to deliver next-generation self-service banking solutions. Announced at Seamless ME 2025 in Dubai recently, the partnership aims to provide banks with integrated, AI-powered solutions that enhance customer convenience and operational efficiency. The
The savings banks’ online banking had to contend with massive disruptions on Sunday. The release of transactions with the S-pushTAN app failed. However, the problem is said to have been resolved meanwhile. The first reports appeared on the Allestörungen portal at around midnight, rising to more than 4,500 by midday on Sunday. Since then, the
SINGAPORE – Some DBS and POSB customers could not log in to the banks’ digital banking services for over two hours on June 2 afternoon. From around 2pm, users began reporting the disruption to both the app and website on Downdetector, a website that tracks service disruptions. More than 1,735 reports in total were recorded