Revolut expands Stays to Ireland, aiming to ride travel rebound: The UK-based neobank is offering its travel-booking feature to Irish customers shortly after its home-market launch, seeking to capitalize more broadly on the post-vaccine recovery in travel.
Its fresh £14M funding round brings the UK-based newcomer to the capital threshold where operating restrictions end. Now comes the hard part: Distinguishing itself from other banking players.
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.