Tagged: jp morgan chase

May 1, 2023 @ 8:44 am By JD Alois  |  

First Republic Bank (NYSE:FRC) was briefly shuttered by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) stepped in as receiver of the bank following weeks of speculation that FRB would be the next shoe to drop in the… 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

August 26, 2020 @ 7:35 am By Omar Faridi  |  

Brooklyn, New York based ConsenSys, a blockchain software company focused on Ethereum (ETH) development, has acquired JPMorgan’s (NYSE: JPM) Quorum, which aims to serve as an enterprise-variant or version of the Ethereum protocol. As mentioned in a release shared with CI, even before the first… Read More

August 22, 2019 @ 8:39 am By JD Alois  |  

Old finance continues to leverage one of its most valuable assets: lots of money. While traditional banks may struggle to innovate and adapt they continue to do what they do best which is to spend money on emerging tech to hedge against a sectorial shift…. Read More

February 26, 2019 @ 4:58 pm By JD Alois  |  

JP Morgan Chase held their annual investor day today. The full stack, day-long event, covers all aspect of the money center bank’s operations. In a report by CNBC, it was mentioned that Jamie Dimon, CEO of JPM, commented on the previously announced JPM Coin, a… Read More

February 16, 2019 @ 1:38 pm By JD Alois  |  

Last week, one of the big Fintech news stories was that JP Morgan Chase (NYSE:JPM) was issuing its own stablecoin anointed JPM Coin. The fact that an old school bank was embracing blockchain tech and going crypto caught the attention of traditional finance and disruptive… Read More

October 20, 2018 @ 1:42 pm By JD Alois  |  

Following the acquisition of WePay back in 2017, JP Morgan Chase is building upon its Fintech venture with a new Fintech campus in Silicon Valley, according to multiple reports. According to a blog post on WePay, a prominent Fintech in the payments space, JPM will… Read More

August 21, 2018 @ 9:55 am By JD Alois  |  

According to multiple reports, JP Morgan Chase will begin offering free trading (IE commission-less trades) beginning next week. For anyone who downloads their mobile app, during the first year users will be able to book 100 trades at not cost. If you happen to be… Read More

May 19, 2017 @ 8:02 am By Erin Hobey  |  

LevelUp, a Boston-based mobile app fintech firm, has secured $50 million in finance from long-term investors JP Morgan Chase and U.S. Boston Capital and from newcomer CentroCredit Bank, bringing the total raised by the startup so far to just over $85M, according to CNBC. LevelUp aims to… Read More

May 17, 2017 @ 9:42 pm By JD Alois  |  

Last week, Benzinga held its annual Fintech Awards event in Manhattan. The proceedings prior to the actual award presentations included some well known names from both traditional and alternative finance alongside a series of three minute pitch sessions. At the event, representatives from a wide range… Read More

February 7, 2017 @ 12:07 pm By Timothy Li  |  

The Office of Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was created by the National Currency Act of 1863 (154 years ago, 20 years before the automobile was invented by Karl Benz from Germany)…. Read More