Tagged: jp morgan

April 14, 2021 @ 9:49 am By Samantha Hurst  |  

  ConsenSys announced on Tuesday it raised $65 million through its latest investment round. The blockchain company reported that J.P. Morgan, Mastercard, and UBS invested alongside blockchain companies, including Protocol Labs, the Maker Foundation, Fenbushi, The LAO, and Alameda Research. Additional investors include CMT Digital, Greater… Read More

January 28, 2021 @ 11:43 am By JD Alois  |  

LendInvest, a top UK based Fintech in the property finance sector, has received a compelling commitment from global banking giant JP Morgan. According to LendInvest, JPM has committed £500 million for future loan originations via LendInvest. This investment follows the sale of a £125 million… Read More

November 30, 2020 @ 3:21 pm By Samantha Hurst  |  

Sberbank isn’t ruling out the possibility of issuing its own cryptocurrency, Sbercoin, in 2021. According to CEO of Russian banking group, Herman Gef, Sberbank is joining forces with JP Morgan for the crypto project and may launch the currency as an “experiment” next year. Gref… Read More

September 10, 2020 @ 9:47 pm By Samantha Hurst  |  

Capitolis, a U.S.-based SaaS platform that drives financial resource optimization for capital markets, announced on Thursday it secured a strategic investment from Citi, J.P. Morgan and State Street. Founded in 2017, Capitolis claims its network software enables financial institutions to optimize their balance sheets, which… Read More

September 3, 2020 @ 11:18 pm By Omar Faridi  |  

Lex Sokolin, the Global Fintech Co-Head and CMO at ConsenSys, confirms that the organization recently acquired Quorum from J.P. Morgan. Quorum is a platform that serves as a private, enterprise version of Ethereum (ETH). As covered, ConsenSys has also received an investment from J.P. Morgan…. Read More

September 3, 2020 @ 2:33 pm By Samantha Hurst  |  

  UK-based fintech AccessFintech announced on Thursday it has extended its partnership JP Morgan to include real-time transparency to payment statuses and workflow for dividend, income, and cash wire movements. AccessFintech reported that JP Morgan’s existing solution which provides buy-side clients visibility to real-time trade… 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

February 26, 2020 @ 11:54 am By JD Alois  |  

During the Commodity Futures Trading Commission (CFTC), Technical Advisory Committee (TAC) meeting held today, JP Morgan (NYSE:JPM) provided some additional insight into its proposed stablecoin: JPM Coin. Eddie Wen, Global Head of Digital Markets at JP Morgan, presented an explanation of JPM Coin. Wen said… Read More

February 16, 2020 @ 10:22 am By Omar Faridi  |  

JPMorgan Chase, the world’s sixth-largest bank in terms of total assets, has reportedly sent a letter to several Fintech firms in which it cautioned that they will no longer be allowed to access customer data unless they accept the terms of a new data access… Read More

January 14, 2020 @ 8:53 am By JD Alois  |  

JP Morgan (NYSE:JPM) is out with Q4 2020 results and the numbers are a clear beat on both the top and bottom line. JPM shares are up about 1% in pre-market trading. JPM is one of the most successful banks in the world benefiting from… Read More

December 9, 2019 @ 2:05 pm By Samantha Hurst  |  

AccessFintech, a UK-based fintech firm, announced on Monday it has formed a partnership with Citi, Credit Suisse, Goldman Sachs and JP Morgan. According to AccessFintech, Citi, Credit Suisse, Goldman Sachs, and J.P. Morgan have jointly launched a collaboration workflow utilizing the network to focus on… Read More

November 12, 2019 @ 1:41 pm By Omar Faridi  |  

JP Morgan, the world’s sixth-largest bank, has reportedly acquired an undisclosed stake in Limeglass, the developer of a set of tools that eliminate information overload in order to help people focus on the “relevant paragraphs” of their financial market research. As one of JP Morgan’s… Read More

November 11, 2019 @ 12:44 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) is partnering with JP Morgan Chase (NYSE:JPM) and Temasek on a blockchain-based payments platform that is capable of handling different currencies. JP Morgan has previously announced the development of an in-house crypto labeled JPM Coin. The eventual goal is… Read More

November 7, 2019 @ 10:37 pm By Omar Faridi  |  

New York-based JPMorgan Chase (NYSE:JPM), a multinational investment bank and financial services holding company with $2.7 trillion in assets, has created an e-Wallet product for large tech firms such as Airbnb, Lyft, and Amazon.  The new online wallet will allow users to open virtual accounts… Read More

September 25, 2019 @ 10:02 am By JD Alois  |  

JPMorgan Chase (NYSE:JPM) has committed $25 million to launch Fintech solutions as it renews its commitment to the Financial Health Network’s Financial Solutions Lab, a Fintech accelerator. The Financial Solutions Lab will focus on creating Fintech tools to help people increase savings, reduce debt and… Read More

September 17, 2019 @ 1:11 am By Omar Faridi  |  

Germany’s largest financial institution, Deutsche Bank, is reportedly joining the Interbank Information Network (IIN), a blockchain-powered platform developed by JPMorgan, the world’s sixth-largest bank. IIN’s pilot was released in 2017, with the goal of reducing the number of international payments rejected due to errors. According… Read More

July 29, 2019 @ 7:44 pm By JD Alois  |  

Earlier today before market open, online lender Ondeck (NYSE:ONDK) posted Q2 earnings. Ondeck said that it generated net income of $4.3 million, adjusted net income of $6.9 million and gross revenue of $110.2 million. Second-quarter results were inclusive of the company’s business combination with Evolocity… Read More

July 16, 2019 @ 11:24 pm By Cali Haan  |  

Jamie Dimon, CEO of JP Morgan Chase, one of the world’s largest banks, told analysts in a conference call this week not to “spend too much time” considering Libra, Facebook’s proposed global currency system, CNBC reports. “To put it in perspective, we’ve been talking about… Read More

July 14, 2019 @ 3:00 pm By Will McDonough  |  

While Facebook has stolen the show with news of Libra and its cadre of notable brand partners, the community also values the many other household brands that have pioneered with blockchain. Just a few short years ago, distributed-ledger technology was the domain of a small… Read More

June 8, 2019 @ 4:54 pm By JD Alois  |  

Insurtech Lemonade is going public. This is according to multiple reports indicating the early stage insurance company is going public at an approximate $2 billion valuation. Lemonade last raised capital in April with a $300 million round led by Softbank. Lemonade may seek up to… Read More