Tagged: jp morgan

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

June 6, 2019 @ 11:41 am By JD Alois  |  

Last year, in the month of June, with great fanfare JP Morgan Chase announced the launch of a “fully digital banking experience Finn by Chase.” Today, Finn is dead. At the time of the launch, JPM Chase said the new-shiny iOS App would provide a… Read More

May 24, 2019 @ 3:35 pm By Samantha Hurst  |  

U.S. fintech startup Kyriba Corp. announced earlier this week the launch of the integration of its real-time payment through J.P. Morgan’s API. The integration reportedly allows Kyriba clients that are also J.P. Morgan clients to send real-time payments in the U.S. through The Clearing House’s RTP… Read More

April 10, 2019 @ 9:53 am By Samantha Hurst  |  

J.P. Morgan announced earlier this week it is advancing its real-time payments offering by launching SEPA Instant in Europe. The banking group reported that with this latest offering it is continuing on its mission to drive efficiency and add critical value to our clients’ business…. Read More

March 27, 2019 @ 4:36 am By JD Alois  |  

Kadena has announced that its proof-of-work blockchain Testnet, Chainweb, is now live. Beginning with v1 and v2, the testnet will become open to the public to participate in the network and provide feedback. The next test version expects to have a mining client. Kadena started… Read More

March 21, 2019 @ 1:27 pm By Cali Haan  |  

JP Morgan’s Global Head of eCommerce Solutions, Ron Karpovich, has told CNBC that there is, “more partnership instead of competition,” in payments and that, “Ultimately behind the scenes, (payments disruptors) are going to have to use a bank to move funds.” He also seemed to dismiss… 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

February 14, 2019 @ 6:56 am By JD Alois  |  

JP Morgan Chase, a traditional bank whose CEO Jamie Dimon famously called Bitcoin a fraud, is issuing its own stablecoin: JPM Coin. According to CNBC, Umar Farooq, Head of JP Morgan’s blockchain projects predicted the JPM Coin may be huge for corporations. “Money sloshes back and… Read More

January 30, 2019 @ 2:42 am By Cali Haan  |  

JP Morgan analysts have written that the main value of cryptocurrencies would be in situations of “dystopia” where investors have, “lost faith in all major reserve assets (dollar, euro, yen, gold) and in the payments system,” Business Insider reports. According to “a note dated January 24th,”… Read More

January 23, 2019 @ 5:10 pm By JD Alois  |  

Kadena is now offering blockchain as a service, free of charge, on the AWS marketplace. The new offering should make the tech far more accessible to a diverse group of potential users. AWS has more than a million enterprise users and is one of the… Read More

February 28, 2018 @ 2:57 pm By Samantha Hurst  |  

Zoe Financial, New York-based financial tech startup that was founded by Andres Garcia-Amaya, former JP Morgan Global Market Strategist, has launched its services that are aiming to transform how high-earners approach their personal finances, starting with their relationship with a financial advisor. The company, which describes itself as a digital… Read More

November 24, 2016 @ 11:00 am By Jessica Pham  |  

Alternative finance startup OpenTap is aiming to disrupt an environment where many creditworthy borrowers do not have access to short-term personal loans from the traditional financial services sector.  Founded in 2015, OpenTap is based in Chennai, India and seeks to grant access to short-term credit for… Read More

August 31, 2016 @ 11:35 am By Samantha Hurst  |  

Moody’s has published a report on the marketplace lending industry stating that platforms are “steadily expanding credit to small and medium sized enterprises (SMEs) – but challenges remain. The authors are of the opinion that partnerships with traditional banks may ease the path forward for… Read More

April 7, 2016 @ 7:30 am By JD Alois  |  

Last year JPMorgan Chase CEO Jamie Dimon rattled Wall Street by stating the obvious. FinTech firms popping up across Silicon Valley and around the world were looking to challenge traditional banks and siphon their business away. This year the message from the fabled CEO has changed…. Read More