JP Morgan’s neobank Chase goes live

JPMorgan Chase has launched its new digital banking brand ‘Chase’ in the UK in a bid to take on the likes of Monzo and Starling Bank at their own game.

The project has been underway for some time with news of the launch being revealed just a few months after the US bank acquired digital wealth manager Nutmeg.

The banking giant, which claims the title of the fourth largest bank in the world and the largest in the USA, will initially offer a free basic current account and budget features.  

Read more: AltFi