And the move could help it stand out from the crowd.
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The UK neobank has teamed up with insurance provider Chubb to diversify its insurance offerings to include products like purchase protection, refund protection, and ticket cancellation on purchases made with a Revolut card, AltFi Revolut teamed up with Chubb to diversify insurance offerings. Insider Intelligence
Revolut and Chubb plan to bring the offering to 22 countries, just shy of two-thirds of the 37 markets in which Revolut operates. The news comes on the heels of the neobank s
The bank should prioritize engagement among existing users as its new mobile user growth rate dwindles.
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The biggest US bank by assets finished out an unprecedented year with $30.2 billion in revenues in
Q4 2020, as it released $2.9 billion from its loan loss reserves due to news of vaccines and another government stimulus round,
per CNBC. The move resulted in a $1.9 billion boost for Chase after nearly $1 billion in charge-offs. Chase finished out an unprecedented year with $30.2 billion in revenues in Q4 2020.
Goldman Sachs taps Marqeta to polish its checking account.
The bank has been slowly growing its consumer banking prowess, and a digital assist from Marqeta could boost its strategy of cross-selling its forthcoming checking account to its existing customers.
Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here.
The bank announced that it will work with California-based digital payments fintech Marqeta on building its Marcus checking account offering, expected to debut later this year, Bloomberg Goldman Sachs robo-advisor is a value-add for mass-affluent consumers.