Tech news for April: Evolve Bank woes, crypto reserve moves
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Noteworthy tech news in the banking industry for March includes updates to President Donald Trump’s proposed cryptocurrency reserve, a widespread data breach at Western Alliance Bank, insight into why banks aren’t happy with their core providers and more.
Neobank Chime debuts $500 instant loans for direct depositors
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Neobank Chime will now offer what it calls “Instant Loans” — three-month installment loans of up to $500 at a fixed interest rate and without a credit check for members.
The fintech, which champions early paycheck access, will use its proprietary method to…
