Bloomberg cited this to unnamed sources. PYMNTS reported Chime declined to comment when contacted.
,Chimes’s valuation raised from $750 million at $25 billion in 2021 and previously tapped Goldman Sachs for a possible IPO in 2022.
,In May 2024, the fintech paid more than $4.5 million in settlement Consumer Financial Protection Bureau for illegally delaying consumer refunds. In July 2024, Chime bought enterprise employee rewards platform Salt Labs.
Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.
Nubank is doubling down on its AI-first strategy with the acquisition of Silicon Valley-based data intelligence outfit Hyperplane for an undisclosed fee.
Deutsche Bank is setting up an environmental, social and governance (ESG) centre of excellence in Singapore.
Alibaba Group has cancelled its plans to spin-off its cloud division due to uncertainties from US exports on AI chips.