Tagged: jp morgan

U.S. SaaS Platform Capitolis Scores Strategic Investment From Citi, JP Morgan, & State Street

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

Ethereum Blockchain focused Developer ConsenSys Is Also Addressing Fintech related Issues, Industry Exec Explains

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

AccessFintech Extends Partnership With JP Morgan to Launch Real-Time Payment Statuses For The Buy-Side

  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

New York based Blockchain Firm ConsenSys Acquires JP Morgan’s Quorum, a Permissioned Version of Ethereum

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

JP Morgan Discusses JPM Coin: Not a Replacement, it is an Enhancement

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

JPMorgan Chase Sends Letter to Fintech Firms Warning it will Not Allow Access to Customer Data Unless they Accept New Agreement

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

JP Morgan Keeps Opening Bank Branches While Investing in Tech Including AI and Digital Payments

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

AccessFintech Partners With Citi, Credit Suisse, Goldman Sachs, & JP Morgan For Global Data Network Utilization

Fintech

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

JP Morgan Invests Undisclosed Amount in Limeglass, an Artificial Intelligence and Machine Learning Research Analysis Firm

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

The Monetary Authority of Singapore Partners with JP Morgan, Temasek on Blockchain based Payments

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

JPMorgan Chase Develops e-Wallet Product for Large Tech Firms Airbnb, Lyft, Amazon

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

JPMorgan Chase Renews Commitment to Financial Solutions Lab with $25 Million to Launch Fintech Solutions

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

Deutsche Bank Joins JPMorgan’s Blockchain-based Interbank Information Network

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

Fintech OnDeck Whiffs, Shares Get Hammered as JP Morgan Stops Using Platform, OnDeck Decides to Pursue Bank Charter

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

Report: JP Morgan’s Jamie Dimon Not Concerned About Facebook’s Libra

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

5 Household Brands Actually Innovating with Blockchain

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

Report: Insurtech Lemonade Queues Up Initial Public Offering at $2 Billion Valuation

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

Finn No More. JPM’s Bank App Finn Shuts Down, Migrates Users to Chase Mobile

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

U.S. Fintech Kyriba Announces Real-Time Payments Integration Through J.P. Morgan API

Fintech

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

J.P. Morgan Launches SEPA Instant Payments in Europe

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

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