Financial Services

JPMorgan picks UK fintech for core-banking cloud hosting: The banking giant is working with Thought Machine on its US and UK retail-banking operations—the latest partnership in a string of them announced this year.

The UK neobank giant is rolling out stock trading in the US in hopes of capturing the retail trading boom, but existing digital brokers have already scooped up the lion’s share.

The raise signals a push toward further expansion to fuel platform growth due to the competitive threat of incumbents encroaching on startup turf.

Chase’s UK debut includes 12-month sweeteners for customers: The US banking giant is offering customers in its new market cash incentives tied to debit-card transactions. Their lengthy availability and the lack of the usual strings attached could be a recipe for success.

U.S. Bank steps up closer to a bigger tier with MUFG Union Bank deal: Under a deal worth about $8 billion, the super regional player will boost its assets by 19% and get a large West Coast customer base. With the added heft, it’s nearing mega bank territory.

On today's episode, we discuss how digital-only neobanks are reshaping consumer banking, what makes them an attractive alternative to legacy banks, and how they are incorporating subscriptions into their business model. Tune in to the discussion with eMarketer vice president of content and head of financial services at Insider Intelligence Daniel Van Dyke.

The world’s largest crypto exchange is ditching its decentralized structure to appease regulatory concerns as it could no longer ignore consecutive bans across the globe.

Recognise’s jump into deposits lands it in a busy SMB banking space: The UK neobank cleared its last hurdle and became fully authorized after a regulator lifted a cap on its deposits. Its next challenge will be standing out from other banking players.