Chase vs Revolut

Chase Launches Data Security Center to Help Customers Manage Connected Apps and Third-Party Data Sharing

A new experience designed to give customers clearer information and simpler controls for understanding and managing connected-app access.

10-Q Financial Filing Analysis for Chase (2026-08-06)

For the second quarter ended June 30, 2026, JPMorgan Chase & Co. reported record financial results, with total net revenue increasing 28% year-over-year to $57.35 billion and net income surging 41% to $21.16 billion ($7.70 diluted EPS). The performance was boosted by a $4.6 billion net gain from the exchange of Visa Class B-2 shares into Visa Class B-3 and C shares, alongside $1.0 billion in equity investment gains. Net interest income expanded 10% to $25.51 billion on higher Markets NII, deposit volume growth, and credit card revolving balances. Noninterest expenses increased 15% to $27.32 billion, driven by revenue-linked compensation, headcount expansion, and marketing and technology investments. Total assets reached $5.02 trillion, while return on tangible common equity (ROTCE) strengthened to 29%.

• Total net revenue rose 28% YoY to $57.35 billion in Q2 2026, delivering net income of $21.16 billion and diluted EPS of $7.70.
• Results included a $4.6 billion net gain on Visa Class B-2 share exchange and $1.0 billion in equity investment markups.
• Credit card and wholesale growth supported total period-end loans of $1.54 trillion and deposits of $2.71 trillion, with provision for credit losses down 12% YoY to $2.52 billion.

Chase Expands Ultimate Rewards® with New “Invest Your Points” Feature

New redemption option connects Ultimate Rewards with accessible investing, expanding the program’s flexibility and highlighting J.P. Morgan Self-Directed Investing’s client-first features.

Weekly FinTech Pulse #417: Amazon blocks Meta Muse; Revolut dual IPO

This weekly newsletter covers multiple topics. Amazon blocked Meta's AI agent Muse from its retail site, citing unauthorized operation and credential concerns, but the article emphasizes Amazon's $76.1 billion ad business is at risk if agents bypass search. Shopify chose the opposite strategy by partnering with Muse, enabling agentic checkout with Shop Pay, positioning itself as the checkout layer for all agents. Separately, Revolut confirmed plans for a dual IPO on Nasdaq and the LSE, targeting a valuation of $150-200 billion, with Nasdaq determining the price. Other briefs include Airtel Money's London IPO, Ant International's FinAI stack, Coinbase IPO Access, and funding news for Atum and Paymob.

• Amazon blocked Meta's Muse AI agent from its retail site, citing unauthorized operation and credential concerns.
• Amazon's trailing-twelve-month ad revenue through June 2026 is $76.1 billion, roughly 10% of total revenue.
• Shopify partnered with Meta's Muse to enable agentic checkout with Shop Pay on all Shopify stores.

Nubank in Talks to Acquire UK's Monzo for Up to £10B

Brazilian neobank Nubank is in early-stage talks to acquire British digital bank Monzo, according to Sky News and City AM. The deal could value Monzo at £8-10 billion, more than double its last valuation of £4.5 billion in October 2024. Monzo reported revenue of £1.7 billion (up 39%) and pretax profit of £172.6 million for FY2026, with 15 million customers. A sale would scrap Monzo's IPO plans. Nubank, valued at ~$65 billion with 139 million customers, seeks European expansion; Monzo would provide a UK banking license and established brand. Regulatory approvals from UK, Brazil, and US authorities are required. Alternative: Monzo explores a funding round at similar valuation. Completion would create a global neobank rivaling Revolut.

• Nubank is in early-stage talks to acquire Monzo, with potential valuation of £8-10 billion.
• Monzo's last valuation was £4.5 billion in October 2024.
• Monzo's FY2026 revenue rose 39% to £1.7 billion; pretax profit £172.6 million.

Revolut Tests Face Recognition Payments in UK

Revolut is piloting a new payment method called 'Pay with Smile' in select UK branches of the coffee chain Kiss the Hippo. Customers link a facial scan to their Revolut account, and a camera at the checkout recognizes the face to trigger payment via Revolut Pay. The system eliminates the need for physical cards, smartphones, or wearables. It relies on Revolut's own hardware, the Revolut Register point-of-sale system. Revolut emphasizes end-to-end encryption and assures merchants pay no extra fees beyond standard processing. Biometric data is not accessible to merchants. The pilot aims to streamline transactions in settings like cafeterias. Questions remain regarding GDPR compliance in the EU and potential issues with multiple users in the checkout zone.

• Revolut tests 'Pay with Smile' in UK coffee chain Kiss the Hippo.
• Facial recognition triggers payment via Revolut Pay.
• System requires Revolut Register hardware.