Chime explained - Neo-Bank explained, how does Chime work? Alternative: Nubank, Revolut, N26, Monzo

Chime is a disruptor in the banking market. Other disruptors or neo-banks in America and Europe are e.g. Nubank, SoFi, Revolut, Monzo, Starling Bank, Discover Bank, N26, Current, Moven, Axos Bank, Varo Bank, Ally Bank, Capital One, Trade Republic, Venmo, One Finance, Aspiration Financial, Dave, Cash App, MoneyLion, Robinhood Markets or Quontic. The neo-banks emerge worldwide, e.g. in India: Fi Money, Jupiter, FamPay, Mahila Money, RazorpayX, Digibank, NiYo, Open or SaveIn. In China we find e.g. MYBank, Neat or WeBank. In Asia we also find Timo in Vietnam or Jibun Bank in Japan or Jenius in Indonesia or K Bank and Kakao Bank bothe in Korea. In Africa the leading platform is MPesa. Other examples would be for South Africa: Discovery Bank, Bank Zero and Bettr Finance or Kuda in Nigeria or Eversend and Chipper Cash in Uganda.
One of Chime’s positive aspects is their easy account opening process that was mentioned earlier already. However, some people may be reluctant to manage their banking affairs through Chime without the option of visiting their bank advisor in the branch, since Chime, as an online-only fintech, does not have any branches. However, Chime offers 24/7 customer service, which is also easily accessible via the app. Another criticism that came up in the media is that there were some customer complaints, as customers were suddenly blocked from accessing their funds and accounts. Chime has responded to these complaints by stating that these issues were caused by Chime's increased anti-fraud efforts during the Corona pandemic. One positive aspect are of course the various features that Chime offers its customers.
The videos explain different fintech business models and refer to the book FINTECH BUSINESS MODELS by Matthias Fischer published in February 2021. The channel covers fintechs in the area of payments, robo advisory, Personal Finance Management, crowdfunding, artificial intelligence, blockchain, cryptocurrency and innovative digital solutions in banking.