JPMorgan Chase and Standard Chartered helped turn the cloud-based core banking provider into a unicorn and a credible challenger to the big core banking players.

WhatsApp chases Discord's success with Communities feature: The platform's upcoming tools could help create intimate, niche communities—a formula for high engagement and brand interest.

BofA, Chase, Citi, and Wells Fargo notched growth above 20% thanks to economic improvements and new and revamped card products.

The pandemic has changed customer expectations, providing a welcome boost to insurtechs’ and Big Techs’ user growth and forcing insurers to adapt.

These steps may help Chase as open banking eventually expands to the US. The UK also has several big neobanks for Chase to match its digital innovation against, including Revolut, which strives to be a super app for consumers, and Starling, which has thrived with getting people to use its current accounts.

Chase dominated the category with an unmatched slate of features. It was the only FI to let customers make real-time transfers to external accounts. Chase disappointed only when it came to setting up direct deposits electronically, instead offering a prefilled direct deposit form, which payroll provider portals render obsolete.

The Chase Sapphire Preferred card leads the category by offering three features. Chase Sapphire Preferred and Citi Premier were the only two cards to provide two features rated “extremely valuable” by over 40% of respondents. No card rewards its users for paying off their balance in full, despite this being the category’s most in-demand feature.

Synchrony and American Express are among the issuers interested in taking over the etailer’s cobranded card business, which is currently managed by JPMorgan Chase and contains an estimated $15 billion in loans.

JPMorgan Chase said last month that it’s ending its return-item charge and increasing the dollar amount that customers can overdraft before incurring fees. The big takeaway: The breadth of Truist’s changes show that it’s not only looking to prune overdraft fees—it’s also aiming to help the types of customers that may have relied on overdrafting their accounts to get short-term liquidity.

JPMorgan rolled out a direct bank in the UK in September that’s under the Chase brand. The digital play’s incentives for new customers included 1% cashback on certain debit-card transactions and round-ups on debit-card purchases. The banking giant has also signaled that it will be patient with the UK bank’s performance, and the UK could serve as a sandbox for operating in the US and across Europe.

Legacy brands like Wells Fargo, Citibank, and Chase have been around for a long time, some of them for 120 years or more. They have a terrible reputation, but there's a sense of security that comes with banking with them.

Anti-exposure measures have been recently added by a series of big incumbent banks, such as Wells Fargo, Bank of America, and JPMorgan Chase. What do the associations want? They called on the CFPB to study consumers’ overdraft preferences and collect data, including:. What times and needs typically lead consumers to overdraft.

Chase Freedom Flex. Chase Freedom Unlimited. Citi Double Cash Card. Capital One Quicksilver Rewards. Capital One SavorOne Rewards. Bank of America Cash Rewards. Discover it Cash Back. Discover it Chrome. American Express Blue Cash Everyday. American Express Cash Magnet. Terms and Definitions. Cash-back credit card prospects.

Three of the country’s largest financial institutions (FIs)—Bank of America, JPMorgan Chase, and Wells Fargo—generated 44% of the total overdraft fees that year by banks with assets greater than $1 billion. The bureau also pointed to previous research that showed just 9% of consumer accounts shouldered almost 80% of total overdraft revenue for banks.

JPMorgan Chase has a $12 billion annual tech budget behind its offerings. At the same time, even JPMorgan faces difficulty in landing talent, and is now looking at more locations for recruitment. However, banks with smaller resources for in-house development have other options for keeping pace with competitors, per our 2021 Innovation Strategies at Small and Midsize FIs report:.

The news: JPMorgan Chase is staying with its hybrid-cloud strategy even as competitors have entered into primary cloud partnerships in recent months, per Insider. George Sherman, its CIO of global technology infrastructure, outlined in an interview why the bank works with a mix of public and private clouds.

The news: JPMorgan Chase is facing soaring fintech valuations for prospective deals, along with a scramble for hiring US tech talent, per Insider. Takis Georgakopoulos, the bank’s global payments head and operating committee member, revealed the pair of challenges when he spoke at a Bank of America conference.

Shifts are set to continue: Synchrony Financial and Amex are reportedly vying to purchase the Amazon co-brand portfolio from JPMorgan Chase, per June 2020 Bloomberg reporting.

Banks can add rewards like bonus cash back for using mobile wallets—something Chase has tested in the US. Wallet providers can also implement their own incentives. Samsung Pay has experimented with this strategy for years in various markets to great success, and PayPal offered a bonus coupon for first-time wallet users in the US after launching QR codes. New Features and Use Cases.

Shake-ups in the new year will include hyper-personalization, tech companies venturing further into embedded finance, and the prospect of super apps in Western countries.