Tagged: jpmorgan

Blockchain Firm Figure Receives $100 Million from JPM for Jumbo Mortgages

Figure Technologies, Inc., founded by prominent Fintech entrepreneur Mike Cagney, has received $100 million from JPMorgan (NYSE:JPM) to finance jumbo mortgages, according to a release. Figure uses blockchain technology to reduce friction and cost to the loan origination process. Figure notes that this is the… Read More

Bitcoin Surpasses $36K Mark after SkyBridge Capital Announces $310M BTC Investment, JPMorgan Predicts $146K Long-Term Price

Bitcoin (BTC), the leading digital currency, continues to set all-time highs while the US dollar keeps falling (but still remains the world’s most dominant global currency). Notably, Bitcoin is now being supported by even more Wall Street giants. The OKCoin team has noted: “We’ve said… Read More

Paul Gamble, CEO at Fintech Firm 55ip, Says being Part of JPMorgan will Enhance their Ability to Eliminate Financial Barriers

The Tifin Group, a Boulder-headquartered VC company that focuses on the Fintech sector, has reportedly sold off 55 Institutional Partners LLC, a financial tech firm known as 55ip, to JPMorgan’s asset management unit. 55ip has created tax automation software solutions for investment advisors. The terms… Read More

Top 100 Banks in the World are “Reinventing” Themselves by Leveraging Blockchain or Distributed Ledger Technology: Report

The team at Security Token Advisors, which aims to “reinvent” finance with security tokens, reveals that the world’s top 100 banks in terms of assets under management (AUM) are learning how to “reinvent themselves” with blockchain or distributed ledger technology (DLT). The Security Token Advisors… Read More

JPMorgan to Acquire Fintech Firm 55ip in order to Help Advisors with Setting Up Tax-Efficient Portfolios

JPMorgan (NYSE:JPM), the largest US bank, is reportedly planning to acquire Fintech firm 55ip in order to assist financial advisors with setting up tax-efficient investment portfolios. JPMorgan Chase’s management noted that the bank’s asset management unit has decided to buy Fintech company 55ip so that… Read More

UK Fintech Nutmeg Teams Up With JP Morgan Asset Management to Launch Smart Alpha Portfolios

UK-based fintech firm Nutmeg announced on Wednesday it has joined forces with JP Morgan Asset Management to launch Smart Alpha portfolios. Nutmeg reported that Smart Alpha portfolios are underpinned by the duo’s shared commitment to sustainable investing.  “Today, Nutmeg and J.P. Morgan Asset Management have joined forces to create a truly pioneering product that… Read More

UK based Payment Technology Firm Icon Solutions Receives Strategic Investment from JPMorgan

UK-based Icon Solutions, a payments tech firm, has reportedly received an equity investment from JPMorgan, the world’s sixth-largest bank in terms of total assets. The value of the investment has not been shared publicly. Icon Solutions notably counts major institutions including BNP Paribas, HSBC and… Read More

JPMorgan’s Onyx: JPM Coin Being Used for Round the Clock Cross Border Payments Now

JPMorgan’s (NYSE:JPM) JPM Coin is being used live today by a “large international technology company that is using it for round-the-clock cross-border payments,” according to a report. JPM Coin was revealed back in early 2019. More of a stablecoin, the digital currency is viewed as… Read More

JPMorgan Partners with Fintech Affinity Capital to Offer Financial Assets based Around Loyalty Points Trading

JPMorgan, the largest US bank and the world’s sixth largest in terms of total assets, is reportedly working with Fintech firm Affinity Capital Exchange, in order to develop new types of financial assets – which will be based around the trading of loyalty point portfolios…. Read More

JPMorgan backed Brazilian Fintech FitBank to Expand Payments Services Business into the US

Brazil-based FitBank Pagamentos Eletronicos SA, a Fintech firm backed by JPMorgan Chase, one of the world’s largest banks in terms of assets and scope of operations, is planning to establish an additional business office in the US during the first half of next year. The… Read More

Nesta Offers Monetary Prize for Fintechs Offering Support to Workers Impacted by COVID-19

Nesta has launched a £2.8 million Rapid Recovery Challenge to encourage Fintechs, among other entities, to come up with solutions to help workers impacted by COVID-19. Nesta is encouraging Fintechs to participate in the challenge where individual firms may win up to £475,000 plus other… Read More

When Will Singapore Adopt Blockchain-Based Multi-Currency Payments? In Due Course

Singapore recently completed a pilot program for a blockchain-based multi-currency payments network prototype. Project Ubin, launched in 2016, engaged with several private parties as well as government entities seeking to better understand the benefits of blockchain technology. The prototype was developed in collaboration with JPMorgan (NYSE:JPM) and… Read More

JPMorgan Reportedly Planning to Launch UK Challenger Bank in 2021

JPMorgan Chase, the largest bank in the US and sixth-largest in the world in terms of assets, is planning to launch a UK challenger bank in the first quarter of 2021, Sky News recently reported. The media outlet revealed that the launch is considered a… Read More

JPMorgan Chase Acquires Minority Stake in FitBank, a Brazilian Fintech Firm that Offers Open Banking Solutions

JPMorgan Chase, the largest bank in the US and sixth-largest in the world in terms of assets, has reportedly acquired a minority stake in FitBank, a Brazilian Fintech firm. The amount paid by the bank for the part acquisition hasn’t been shared publicly. Established in… Read More

Blockchain: Singapore’s Project Ubin Completes Final Phase Depicting How Financial Services Can Benefit from Blockchain, Payments Prototype Included Participation of JPMorgan

The Monetary Authority of Singapore (MAS) and Temasek have published the final report on a blockchain trial. The report, “Project Ubin Phase 5: Enabling Broad Ecosystem Opportunities” shares insights into the blockchain-based multi-currency payments network prototype that was built and describes how the network could… Read More

Trade Finance Fintech Taulia Raises $60 Million Backed by JPMorgan, Ping An, Saudi Aramco

Taulia, a top supply chain financing Fintech is raising $60 million, according to the company. Big-name investors are participating in the round including JPMorgan, Ping An, Saudi Aramco, and existing investors including Zouk Capital. CEO of Taulia, Cedric Bru said the funding round is a… Read More

Cloud-enabled Voice Trading Fintech Cloud9 Raises $17.5 Million led by UBS

Cloud9 Technologies has closed on a $17.5 million Series B funding round led by global bank UBS, with participation from existing investors including JPMorgan and Barclays. Cloud9 has developed a product that uses the “voice communication talk path” for the “trading floor of the future.”… Read More

Sector-Wide Attitudes are Shifting as Crypto Moves into Mainstream Acceptance

  Last week it was reported that JPMorgan (NYSE:JPM), one of the largest banks in the world and the doyenne of Wall Street big banks, is providing banking services to both Coinbase and Gemini. More specifically, JPMorgan is providing cash management services like wire transfers,… Read More

JPMorgan is Now Providing Banking Services to Coinbase, Gemini – Report

According to a report in WSJ.com, JPMorgan is now offering banking services to two well known digital asset exchanges – Coinbase and Gemini. Typically, digital asset exchanges have been shunned by big banks as compliance officers have viewed the risk as too large fearing the… Read More

Digital Bank Monzo Appoints Former JPMorgan Executive David Laramy as New VP and Head of Financial Crime Division

UK-based digital bank Monzo has reportedly hired David Laramy, the former head of fraud at JPMorgan Chase. Laramy will be serving as Monzo’s new vice president and head of its global financial crime division. Laramy’s appointment has come shortly after the banking challenger appointed former American… Read More

Send this to a friend