Tagged: jpmorgan

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

Fintech Taulia Officially Announces Partnership with JPMorgan to Provide Trade Finance Solution

Taulia has officially announced a strategic alliance with the largest US Bank JPMorgan (NYSE:JPM). According to a release, the partnership is said to create a unique trade finance solution for JPM clients. Crowdfund Insider covered the partnership this past weekend. Going forward, JPMorgan’s clients will… Read More

JPMorgan Had a Legacy Platform to Replace. It Partnered with Taulia Instead: Report

JPMorgan (NYSE:JPM), the largest bank in the US, needed to deal with a legacy platform as it sought to better handle financing needs for corporate customers. The bank decided it was better to partner with a Fintech instead. According to a report in Bloomberg, JP… Read More

JPMorgan Launches Electronic Foreign Exchange Trading & Pricing Engine in Singapore

Singapore at Night Marina Bay

Global financial services giant JPMorgan recently announced it has established an electronic foreign exchange (FX) trading and pricing engine in Singapore. The launch was notably launched with support from the Monetary Authority of Singapore (MAS). JPMorgan reported that the new trading engine, which was first… Read More

Digital Banking will Claim Over 3.6 Billion Users By 2024: Research

A recent study published by Juniper Research claims that by 2024, the number of digital banking customers will surpass 3.6 billion, which would be a significant 54% increase from the current 2.4 billion users in 2020. This considerable growth has been attributed to the steady… Read More

Mainstream Adoption of Digital Currencies Is Still Many Years Away: JPMorgan Blockchain and DLT Report

A recent report published by JPMorgan Chase, the world’s sixth-largest bank with around $2.5 trillion in assets, indicates that present blockchain and distributed ledger tech (DLT) developments are laying the groundwork for issuing digital currency, however, mainstream adoption of virtual money might still be many… Read More

JPMorgan Chase Moves a Step Closer to Launching a Digital Consumer Bank in the UK

New York-based JPMorgan Chase (NYSE:JPM) , the world’s sixth-largest bank with over $2.6 trillion in assets, has moved a step closer to introducing a wide range of personal banking products in the United Kingdom. The move would be similar to what Goldman Sachs has done… Read More

Fintech Startups Should Offer Savings and Investment Tools to the Unbanked and Underbanked to Promote Financial Inclusion, Says Catalyst Fund Executive

JPMorgan, the largest bank in the US, and UK Aid confirmed last month that they would invest $15 million into the business operations of Catalyst Fund, a Boston-headquartered project accelerator which funds Fintech firms in order to support financial inclusion efforts in India,  Mexico, and… 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

Peer to Peer Payments Platform Zelle Handled $187 Billion in Payments via 743 Million Transactions in 2019: Report

Zelle, a peer-to-peer (P2P) payment platform, reportedly handled $187 billion worth of payments via 743 million transactions last year. This, according to the latest figures published by network operator Early Warning Services. Zelle’s year-over-year payment values have increased by approximately 57%, meanwhile, transaction volume surged… Read More

Blockchain-focused Project Covantis, Backed by Agri-Business Giant Cargill, Chooses ConsenSys as Tech Partner

Covantis, a blockchain-focused project backed by multinational agri-business companies such as Cargill, has reportedly chosen ConsenSys, a Brooklyn, New York-based Ethereum development studio, as its technology partner. Through Convantis’ partnership with ConsenSys, the Ethereum-based software developer will create a blockchain-powered platform to fully digitize the… 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

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

UAE’s Largest Real Estate Firm Emaar Launches New Token Developed on JPMorgan’s DLT Platform Quorum

United Arab Emirates (UAE)-based real estate firm Emaar Properties has launched a new blockchain token-based referral and loyalty platform. Emaar, the developer of Burj Khalifa, the world’s tallest building, and the Dubai Mall, intends to use the EMR token to reward its customers, according to… Read More

JPMorgan Joins List of Firms Filing Patents for Blockchain

JPMorgan was in the news this week for a move than can only be described as crypto positive. A patent filed by JPM some months ago has just percolated up on the US Patent database.  According to the filing JPM is seeking “Systems and methods… Read More

JPMorgan Chase Launches Fully Digital Banking Experience “Finn by Chase”

On Thursday, JPMorgan Chase announced the launch of its all-mobile banking service, Finn by Chase. The service is now available nationwide to iOS users and offers a fully digital banking experience that helps users to “spend smarter and save better.” Chase reported this is the… Read More

National Bank of Canada & JPMorgan Test Out Blockchain Technology with NBC Debt Issuance in U.S. Financial Markets

National Bank of Canada (NBC) announced on Friday, with the support of J.P. Morgan, it issued a $150 million one-year floating-rate Yankee certificate of deposit, with a parallel simulation of the issuance using blockchain technology. According to the banking group, this blockchain test involved the parties… Read More

JPMorgan Invests in UK Fintech AccessFintech Through Series A Funding Round

Money Benjamin Dollars 100

AccessFintech, a UK-based fintech firm, announced on Tuesday that JPMorgan has invested in the company through its Series A funding round. AccessFintech also revealed it has joined JPMorgan’s exclusive In-Residence program, which is described as a program designed to assist emerging fintech companies that are looking… Read More

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