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For decades, it’s been a riddle in banking: how do you build a sustainable and profitable business serving low and middle-income consumers? Sixteen years ago, Chris Britt, then chief product officer at Green Dot, believed he’d discovered the answer—direct deposit of paychecks. <br/><br/>Green Dot was selling prepaid debit cards to cash-strapped Americans without traditional bank accounts, and Britt saw that customers who had their paychecks automatically deposited into their Green Dot accounts used the card to pay virtually all their expenses. With each debit card swipe, Green Dot pocketed part of the interchange fees–the 1% to 2% charge merchants pay to accept debit and credit cards.<br/><br/>“The people on direct deposit were clearly the whales of the business,” says Britt, 51, the cofounder and CEO of Chime, the nation’s largest digital-only bank with $1.5 billion in annualized revenue and seven million customers using its cards for $8 billion a month in transactions.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/jeffkauflin/2024/05/03/exclusive-the-inside-story-of-chime-americas-biggest-digital-bank/?sh=4f40891cfb0d<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Bollywood Buzz
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new love status
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It’s all down to this line, a mere stroke on paper. And yet it marks a a new beginning. The coupé-like roofline of the Macan and the striking rear—with its shape so typical of Porsche—evoke the tight, unmistakable flyline of the 911. But this time, it’s not just a reminder of the Porsche icon. Rather, the shape, including the rear spoiler, is a groundbreaking innovation in the all-electric SUV segment. “The active aerodynamic elements all contribute significantly to the range,” says aerodynamics specialist Thomas Wiegand. “We have a rear spoiler that raises automatically, active cooling flaps at the front air intakes, and flexible covers on the underbody.” Located in the same building as the Style Porsche design department, the Weissach wind tunnel gives form and shape to the streamlining of the newly developed Macan. It’s the first Porsche based on the Premium Platform Electric (PPE) created in collaboration with Audi. This platform not only benefits from development synergies, but is also highly flexible, enabling Porsche to implement its own technical and brand-specific objectives. Full electrification of the popular model line is an important milestone on the path to ensuring that more than 80 percent of the new cars are fully electrified in 2030—depending on the demand of customers and the development of electromobility in the respective regions of the world.
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Colors TV
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Colors TV
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A brand new 'bike hub' operated by a Merseyside-based non-profit has opened on Liverpool's waterfront.
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VANITHA
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JIG'S CREATION
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Steve Cotton, President & CEO of Aqua Metals, was recently a guest on Benzinga's All-Access.<br/><br/>Aqua Metals is reinventing metals recycling with its patented hydrometallurgical AquaRefining™ technology. Unlike smelting, AquaRefining is a room-temperature, water-based process that emits less pollution. The modular Aqualyzers™ cleanly generate ultra-pure metal one atom at a time – closing the sustainability loop for the growing energy storage economy.
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Stunning pictures show a couple’s spectacular ‘four seasons’ garden bursting with spring colours – hidden in the industrial heartland of the Black Country.<br/><br/>Tony Newton, 74, and wife Marie, 76, have devoted 42 years and more than £15,000 <br/>transforming their ordinary suburban garden into an idyllic oasis.<br/><br/>Their garden in Walsall, West Mids., features more than 3,000 plants and flowers, including 450 azalea, 120 Japanese maples, 15 juniper blue stars.<br/><br/>Locals have nicknamed the stunning garden ‘four seasons’ after the couple deliberately planted different flowers to bloom all year round.<br/><br/>The green-fingered couple spend up to eight hours every day maintaining the quarter-of-an-acre plot which attracts visitors from around the world.<br/><br/>Marie said: “Over the years we’ve had a lot of interest. Someone flew in from New York. <br/><br/>“We’ve had a lot of Chinese tourists. We’ve been all over the world. <br/><br/>“We had a couple of Chinese girls come down from Sheffield on a landscape course. Back in China they’d heard even about us. <br/><br/>“We used to open the garden once a year to the public but we now share it with just family and friends.”<br/><br/>Marie started gardening as a hobby after she retired from her job as a transport planner in 1982.<br/><br/>When Tony retired as a GP a couple of years later, the couple dedicated their time to cultivating their garden paradise.<br/><br/>Marie recalled: “I used to work on the grass and the borders a little here and there.<br/><br/>“I had to stay in ear shot of the landline and we had four children in five years so we were very busy. <br/><br/>“The garden became a feature to keep them entertained. <br/><br/>“We started in 1992 to develop it. We made the garden safe for the kids and attracted the children. <br/><br/>“After ten years they got more sophisticated. Between 1992 and 1995 we landscaped all of it. We did it all ourselves, without any outside help. <br/><br/>“Tony laid the paths and I was quite happy to wield a pickaxe. <br/><br/>“It’s gradually evolved over the years. In 2000 we built a stream and two years later built a second stream.<br/><br/>“We used to use head torches in the dark evenings and do the work in the garden.<br/><br/>“It’s the Black Country and as we always say it’s where the black country turns green. We have no houses behind us. <br/><br/>“We’ve got a variety of evergreens. We created the garden with lots of views, anchor plants. Spring and autumn are the two most vivid. <br/><br/>“They all turn lovely colours. The main trees we’ve got are maples and acers. <br/><br/>“They’re just brilliant colours. In the winter it’s lots and lots of bulbs. We’ve got colour all year round. <br/><br/>“A lot of neighbours ask advice sometimes, we all have larger gardens. We’ve had no formal training. It’s just been trial and error, a lot of error. <br/><br/>“We know what we need now. You have to look at the plants to see which is being the most dominant. Sometimes you have to meditate. <br/><br/>“We’ve been here for 42 years now and we’ve mastered our garden.
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Mouni Roy consistently dazzles fans with her impeccable fashion sense, always managing to captivate onlookers with her stunning style choices. Her latest outfit was no exception, as she effortlessly rocked a cute ivory polka dot dress from self-portrait, exuding sheer elegance and charm. Mouni continues to set the bar high with her fashion fabulousness, leaving everyone inspired by her impeccable taste.<br/><br/>#mouniroy #mouniroyfashion #genzfashion #black #fashion #trending #viral #bollywood #entertainmentnews #celebupdate
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