Archives

May 27, 2022 @ 8:40 am By Omar Faridi  |  

Elliptic, an international firm focused on crypto-asset risk management, has announced J.P. Morgan as an additional investor “as part of its recent $60 million Series C funding round led by Evolution Equity Partners and including SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo… Read More

May 14, 2022 @ 11:35 pm By Omar Faridi  |  

JPMorgan’s Securities Services business announced the launch of “Fusion by J.P. Morgan,” a data platform that “delivers end-to-end data management and reporting solutions for institutional investors.” Fusion will allow clients to seamlessly “integrate and combine data from multiple sources into a single data model that… Read More

April 4, 2022 @ 4:03 pm By JD Alois  |  

Jamie Dimon’s annual letter to JPMorgan (NYSE:JPM) shareholders is out today. Dimon, probably the most respected bank CEO on Wall Street, crafts a shareholder letter each year where he shares his opinion and perspective on the financial services industry, challenges as well as opportunities. For… Read More

March 10, 2022 @ 3:45 pm By JD Alois  |  

Following the news that Goldman Sachs (NYSE:GS) was exiting operations in Russia, JPMorgan (NYSE:JPM) is reportedly doing the same. The move follows heavy economic sanctions targeting Russia by many countries around the world following Russia’s draconian invasion of Ukraine. JPMorgan Chase is the largest bank… Read More

March 1, 2022 @ 11:15 am By Omar Faridi  |  

JPMorgan Chase (NYSE:JPM) announced on Monday (February 28, 2022) that it would be making an investment in TRM Labs, a blockchain analysis company, becoming the latest in a growing number of Wall Street giants who are expanding their footprint in the crypto and DLT  industry…. Read More

January 25, 2022 @ 9:06 pm By Tony Zerucha  |  

Viva Wallet, a European cloud-based payments fintech company, is selling a 49 per cent stake to JPMorgan (NYSE:JPM). The financial terms of the transaction were not disclosed. Founded in 2000, Viva Wallet is headquartered in Athens, Greece, and focuses on serving SMBs in 23 countries…. Read More

December 21, 2021 @ 11:02 am By JD Alois  |  

Earlier this week, the Securities and Exchange Commission hit JPMorgan (NYSE:JPM) with a $125 million penalty. JP Morgan Securities, a subsidiary of JP Morgan, was fined for “widespread and longstanding failures by the firm and its employees to maintain and preserve written communications,” said the… Read More

December 15, 2021 @ 11:25 pm By Omar Faridi  |  

Trumid, a Fintech firm and fixed income electronic trading platform, is pleased to confirm that J.P. Morgan (NYSE: JPM) will be joining its trading platform and client network as a strategic partner. As mentioned in the announcement, J.P. Morgan will be utilizing Trumid’s Attributed Trading… Read More

July 2, 2021 @ 10:15 am By Omar Faridi  |  

JPMorgan (NYSE:JPM) has reportedly decided to acquire OpenInvest, which is a provider of ESG tools for the wealth management sector. Supported by investments from VC firm Andreessen Horowitz, Y Combinator, QED, and others, OpenInvest was established back in 2015 with a special focus on assisting… Read More

April 28, 2021 @ 8:12 am By Samantha Hurst  |  

DBS announced on Wednesday it has partnered with JPMorgan and Temasek to launch a cross-border payments platform, known as Partior. According to the trio, Partior aims “to disrupt the traditional cross-border payments ‘hub and spoke’ model,” which has notably caused common “pain points” such as… Read More

April 7, 2021 @ 9:43 am By JD Alois  |  

JPMorgan Chase (NYSE:JPM) is out with its annual report today and opening up the document is a letter from JPM CEO Jamie Dimon. The annual missive has emerged as the most widely read “dear shareholder” letter in the financial services sector as Dimon is broadly… Read More

March 16, 2021 @ 10:53 pm By Omar Faridi  |  

JPMorgan Chase Financial Company LLC recently shared the terms of the notes offered by the preliminary or initial pricing supplement. The notes, which have will have JPMorgan Chase & Co. serve as the guarantor, will have a $1,000 minimum denomination, the bank confirmed. As noted… Read More

March 11, 2021 @ 7:20 pm By Omar Faridi  |  

JPMorgan Chase & Co  (NYSE:JPM) has reportedly hired former HSBC Holdings executive Jeremy Balkin to serve as the bank’s Head of Fintech and Innovation for handling wholesale payments. In his new role, Balkin is expected to manage Fintech and related innovation projects with a focus… Read More

March 10, 2021 @ 7:19 am By Omar Faridi  |  

JPMorgan (NYSE:JPM) will reportedly be closing down its Chase Pay method of making payments for apps and websites effective March 31, 2021. Chase bank’s full list of retailers accepting the payment method, which includes Shell, Starbucks, and Walmart customers will be affected by the suspension… Read More

February 27, 2021 @ 8:04 am By Omar Faridi  |  

  Are you stuck somewhere in outer space with utility bills to settle? Then you need not worry, because the satellites may be able to take care of them. JPMorgan Chase & Co (NYSE:JPM) reportedly been testing blockchain or distributed ledger tech (DTL)-powered payments between… Read More

February 11, 2021 @ 12:17 am By Omar Faridi  |  

JPMorgan Co-President Daniel Pinto recently noted that he doesn’t see another stock market correction “anytime soon,” unless the current situation “changes dramatically.” Pinto also said during his interview with CNBC that Fintech challengers are really good at providing “great client experience.” He acknowledged that they’ve… Read More

January 27, 2021 @ 9:53 am By JD Alois  |  

The digital banking sector will get a bit more crowded in the UK following the news that JP Morgan (NYSE:JPM) is planning to launch a digital bank in the country. JP Morgan will follow in the footsteps of Marcus, created by Goldman Sachs, entering the… Read More

January 6, 2021 @ 8:46 pm By Omar Faridi  |  

Bitcoin (BTC), the leading digital currency, continues to set all-time highs while the US dollar keeps falling (but still remains the world’s most dominant global currency). Notably, Bitcoin is now being supported by even more Wall Street giants. The OKCoin team has noted: “We’ve said… Read More

December 4, 2020 @ 7:08 pm By Omar Faridi  |  

The Tifin Group, a Boulder-headquartered VC company that focuses on the Fintech sector, has reportedly sold off 55 Institutional Partners LLC, a financial tech firm known as 55ip, to JPMorgan’s asset management unit. 55ip has created tax automation software solutions for investment advisors. The terms… Read More

November 18, 2020 @ 10:17 pm By Omar Faridi  |  

JPMorgan Chase (NYSE:JPM), the largest bank in the US and sixth-largest in the world in terms of assets, is reportedly planning to enter the rapidly evolving Buy Now, Pay Later (BNPL) market. Chase revealed that it will be offering its credit card customers the option… Read More