Tagged: jpmorgan

JP Morgan Asset Management Expands Morgan Money Platform with Treasury, Cash Management Capabilities

J.P. Morgan Asset Management announced an enhancement to its Morgan Money platform, a short-term investment management solution with over $300 billion in assets under management (AUM), through a collaboration with Kyriba, a global leader in liquidity performance. This integration aims to streamline liquidity management processes,… Read More

JPMorgan Chase, Argonne National Laboratory, Quantinuum Demonstrate Theoretical Quantum Speedup with Quantum Approximate Optimization Algorithm

In a new paper in Science Advances on May 29, researchers at JPMorgan Chase (NYSE: JPM),  the U.S. Department of Energy’s (DOE) Argonne National Laboratory and Quantinuum have demonstrated clear evidence of “a quantum algorithmic speedup for the quantum approximate optimization algorithm (QAOA).” This algorithm… Read More

Visa and JP Morgan Payments to Enable Faster Money Movement in the US via Visa Direct

Visa Inc. (NYSE: V) and JP Morgan Payments announced a strategic collaboration that aims to enhance merchant experiences, empower cardholders, and drive innovation for J.P. Morgan Payments’ customers by introducing faster domestic payments in the US through the Visa Direct network. With Visa Direct’s extensive… Read More

Kyriba and JPMorgan Blockchain focused Initiative Onyx to Enhance Cash Management and Payments

Kyriba has announced a partnership with Onyx, J.P. Morgan’s blockchain business unit, to improve cash management, payments and liquidity performance for CFOs and Treasurers. The collaboration is described as the first of its kind. Furthermore, a new partnership with Workday, Inc. “will fully embed bank… Read More

Wealth Management Services from JPMorgan Reportedly Assisted Over 1 Million Clients with Personalized Plans

J.P. Morgan Wealth Management’s Wealth Plan has helped customers create more than 1 million personalized plans. The tool reached this milestone just over a year since its launch. Available for free in the Chase Mobile app and on Chase.com, Wealth Plan is a digital money… Read More

DBS and JPMorgan Asset Management Introduce Asia’s Retirement Investment Portfolio

DBS Bank, together with J.P. Morgan Asset Management (JPMAM), has debuted Asia’s first global investment portfolio that not only automatically calibrates its asset allocation to an individual’s life stage and retirement timeline (also known as a “glidepath”), but also allows investors to automate their drawdowns… Read More

OCC Announces $250M Civil Money Penalty Against JPMorgan Chase

The Office of the Comptroller of the Currency (OCC) recently announced a $250 million civil money penalty against JPMorgan Chase Bank, N.A. (JPMC) (NYSE: JPM) related to deficiencies in its trade surveillance program. The OCC found that JPMC allegedly operated “with gaps in trading venue… Read More

Eye Security Reports €36M Series B Round to Enable Cybersecurity Across Europe

In a significant leap forward for the cybersecurity sector, Eye Security has announced a €36 million Series B investment led by J.P. Morgan Growth Equity Partners with participation from existing investors Bessemer Venture Partners and TIN Capital. The funding round marks “a new chapter in… Read More

JP Morgan Asset Management, iCapital to Expand Private Market Offerings to APAC’s Wealth Investors

JP Morgan Asset Management (JPMAM), a global asset manager with US$213 billion in alternative assets under management, and iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, announced a partnership to open up access “for APAC wealth managers… Read More

Honeywell Announces $300M Equity Fundraise for Quantinuum, the Quantum Computing Firm

Honeywell (NASDAQ: HON) announced the closing of a $300 million equity fundraise for Quantinuum, the integrated quantum computing company, at a pre-money valuation of $5 billion. The investment round is anchored by Quantinuum’s strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen… Read More

Revenue Lifecycle Management Firm BillingPlatform Announces Alliance with JPMorgan Payments

BillingPlatform, the enterprise revenue lifecycle management platform for today’s innovative business models, announced a strategic partnership with J.P. Morgan Payments to support the billing needs across its business units. BillingPlatform’s solution has been “integrated within J.P. Morgan’s ecosystem to more efficiently service J.P. Morgan’s Treasury… Read More

Modern Treasury Joins JPMorgan’s Payments Partner Network

Modern Treasury, the operating system for the new era of payments, has joined J.P. Morgan’s Payments Partner Network. This ecosystem of end-to-end payment solutions is “designed to meet business needs at any scale.” As part of the Payments Partner Network, Modern Treasury is “making it… Read More

Chase UK’s Crypto Ban Will Not Prevent Fraudulent Activities, Scams, CoinCover CEO Claims

JPMorgan‘s (NYSE: JPM) UK-based retail bank Chase has reportedly decided to ban crypto-related transactions that are made by its clients, starting from October 16, 2023. This bank says it made the decision because of a significant rise in fraudulent activities and scams. A bank representative… Read More

JPMorgan Payments Selects Network International to Drive Payment Acquiring in the Middle East

Network International, the enabler of digital commerce across the MEA region, has announced a partnership with J.P. Morgan Payments in order “to strengthen the bank’s acquiring offering.” J.P. Morgan Payments currently “operates in over 160 countries and over 120 currencies and is one of the… Read More

Tipalti Executives Comment on What Goes Into Making Debt Financing Deals

Fintech unicorn Tipalti recently announced an additional $150M in growth financing, bringing the company’s total equity and debt raise to more than $700M. Led by JP Morgan Chase Bank and Hercules Capital, this incremental growth financing will enable Tipalti to further invest in product innovation… Read More

J.P. Morgan Accelerates Growth Strategy for Innovation Economy Business

As a part of its ongoing commitment to the Innovation Economy (IE), J.P. Morgan (NYSE: JPM) announced that John China will join the firm as Co-Head of IE for Commercial Banking (CB). Based in San Francisco, China will “serve alongside New York-based Melissa Smith, who… Read More

Blockchain Adoption: JP Morgan Begins Euro-Denominated DLT-based Payments for Corporates

JP Morgan (NYSE: JPM) has started Euro-denominated blockchain-based payments for corporates. As first reported by Bloomberg, JPMorgan processed more than $300 billion since the system went live. JPMorgan Chase & Co. has been able to successfully expand one of the most notable initiatives that aims… Read More

Digital Trade Finance Solution Provider Cleareye.ai Secures Investment from J.P. Morgan

Cleareye.ai, Inc., which claims to be the provider of a “category-leading” digital trade finance solution ClearTrade, for digital automation of trade compliance and operations, today announced it has secured a strategic investment from J.P. Morgan. The ClearTrade Platform, “built to revolutionize trade finance, is a… Read More

JPMorgan Chase Appoints Teresa Heitsenrether as Head of Data and Analytics Division

JPMorgan Chase (NYSE: JPM) has reportedly appointed Teresa Heitsenrether to serve as the Head of a data and analytics division. This, according to a report from Bloomberg on Wednesday (June 21, 2023). This new appointment is part of the banking institution’s wider focus on artificial… Read More

FIA Tech, a Futures Industry Technology Provider, Raises Additional $25.4M

FIA Tech, which claims to be a leading futures industry technology provider, announced that it raised an additional $25.4 million in a funding round “led by six existing shareholders, Bank of America, Barclays, Citi, Goldman Sachs, J.P. Morgan and Wells Fargo, in addition to BNP… Read More

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