John Lewis will leverage its trusted brand and larger customer base to launch a robo-advisor with JPMorgan-owned Nutmeg, reducing its reliance on brick- and-mortar to drive revenue.
The incumbent banking giant is teaming up with Simply Business to offer small and medium-sized businesses (SMBs) access to insurance coverage. Banks are using partners to provide services that boost customer engagement.
NY law is part of anti-overdraft trend: The law restricts how banks can process checks, making account holders less likely to run into problems that generate controversial fees. It’s a step against a fee source much in the news and could foreshadow federal action.
Neobank seeks to sign musicians to its label: Nerve offers a product suite to help artists manage their business finances and network with others—features that give it a shot at attracting loyal niche customers.
Aspiration's rapid user growth underlines heightened consumer interest in green finance and contrasts with banks—which are missing the mark.
One bags $40M, to add products and become banking customers’ one and only: The neobank takes a breadth-first approach, with offerings ranging from sharing funds to early paycheck access—which positions it to rack up primary banking relationships.
BofA’s H1 patent-haul record outlines its business aims: The banking giant reported getting 221 patents approved in the H1 2021, in categories spanning artificial intelligence to mobile banking—which points at its top priorities going forward.
While the US will maintain its uncontested lead as the country with the most fintech unicorns, the next four biggest hubs will switch rankings. Here’s why.