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.

Big banks to pool their users’ deposit data for credit card issuance: A group of about 10 banks, including JPMorgan Chase, U.S. Bank, and Wells Fargo, are planning to share each other’s customer deposit records as a way of underwriting for potential customers who lack credit scores—a move that could pose a competitive threat to niche neobanks.

JPMorgan Chase: Marianne Lake, who is co-CEO of the bank’s consumer- and community-banking unit, said that Chase is thinking about jumping into the BNPL space and that it has a good shot due to its lending experience. Chase already offers a credit-card product that’s similar to BNPL.

The news: JPMorgan Chase has made history as the first big US bank to offer crypto funds to retail customers beyond the very wealthy, per Insider. The banking giant told wealth-management advisors that, beginning July 19, they could receive trading orders for five funds invested in the asset class: Four are offered by Grayscale Investments and one is available from Osprey Funds.

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.

In 2019, NBA star LeBron James partnered with Chase on a podcast aimed at destigmatizing talking about finances. The opportunity: Greenwood Studio helps the neobank build up anticipation and brand familiarity during the lead-up to its launch, keeping those who have signed up engaged while they wait and bolstering its customer-acquisition drive.

JPMorgan Chase has promoted Allison Beer, from digital head and chief product officer to chief executive officer for Cards. In our series of Q&As with banking heads of digital, we also spoke with Dontá Wilson, Truist’s chief digital and client experience officer.

JPMorgan Chase jumped into BNPL last November with My Chase Plan, which the bank made available to its cardmembers. Banks can use two existing resources for BNPL offerings, per Insider: their credit card arms and financing from their balance sheets.

Current examples include Amex’s Plan It, Chase’s My Chase Plan, and Citi’s Flex Plan, but the feature will likely become available for a wider set of dollar values and from a larger group of issuers. Retail-based partnerships.

Chase already announced in January that it plans to launch a digital-only bank in the UK by the end of 2021, but Nutmeg’s products won’t initially be offered through that bank, per WSJ. The nutmeg acquisition gives Chase a two-pronged strategy for breaking into digital banking in the UK.

And at Chase, the CIO and head of digital (or product) are “joined at the hip,” Beer said. At Ally, the chief digital officer is also the CIO—with responsibilities covering both user experience and product design and data management, governance, and analytics. How Heads of Digital Measure Success. To set objectives, heads of digital look at quantitative and qualitative key performance indicators.

Capital One came first in the Reliability category, and Chase placed second. Read about Reliability scores and takeaways. As more consumers have come to rely on digital banking, Ease of Use has moved up the ranks from being the least- to the fifth-most important factor that determines digital trust. Capital One was the winner on Ease of Use, tailed by PNC. Read about Ease of Use scores and takeaways.

Digital account opening is on the rise after a pandemic slump.

The banking giant edged out rival JPMorgan Chase by just 1 point, scoring 871 versus its peer’s 870—the survey measures satisfaction on a 1,000-point scale. BofA’s mobile ranking follows its brisk pace of innovation, as evidenced by its biggest-ever patent haul in 2020.

Notable BNPL-focused firms include Affirm, Afterpay, Klarna, QuadPay, Sezzle, and Splitit, while incumbents include the likes of Amex, Chase, Mastercard, PayPal, and Visa.

Additionally, there is the Amazon Card, a cobranded consumer card developed in partnership with Synchrony Bank and Chase. Plug-and-play banking. In December, BaaS provider Railsbank announced that it’ll be launching two new embedded finance products. The OpenRailz API will allow financial services providers to plug their products, like bank accounts and payments, into the Railsbank platform.

Note: Due to a data collection discrepancy, the Chase scorecard omits the “financial wellness score” feature. After report results were published, Insider Intelligence was made aware that this feature is live in Chase’s app. Due to timing, this change could not be reflected within the full study and rankings. For more information, including how Chase would have scored, see the methodology section.