Financial Services

U.S. Bank’s RTP addition could boost its mobile competitiveness: The bank’s 1Q rollout of a real-time payments (RTP) solution will enable instant clearing at any time—enhancing its already substantial mobile app.

They now have to report users’ business payments that exceed $600 annually, which might push them to add payment-adjacent tax services.

The smashed record shows that investors have fully recovered their confidence in the sector and aren’t ready to shut off the tap.

Virgin Money enters a hot field with its expense-management collab: Partnering with fintech Expend to offer an expense-management feature to small and medium-sized businesses (SMBs) puts Virgin Money in a space that’s attracting businesses and investors.

The UK-based neobank’s founder and CEO Anne Boden outlined plans to offer banking as a service globally in 2022, giving Starling a potential opening into embedded finance.

Revolut adds Singaporean commodities trading to its wealth management lineup: The Monetary Authority of Singapore (MAS) will let the UK-based neobank’s customers trade gold and silver. Revolut’s wealth management capabilities are growing across multiple markets.

Chase’s return to suing credit card customers isn’t a good look for it: The banking giant halted controversial litigation in 2011 and has filed thousands of new complaints since 2020. Though Chase claims to have improved the process, it looks familiar.