Tagged: jpmorgan

Fintech Unicorn Nubank’s Mexican Division Nu Mexico to Acquire $135M in Capital to Expand Operations in Latin America

The Mexico-based division of Fintech Unicorn Nubank, which is notably the largest standalone digital banking platform in the world, will be acquiring $135 million in capital in order to support its business operations in the Latin American (LatAm) region’s second-largest economy. As first reported by… Read More

JPM CEO Jamie Dimon: “Banks are playing an increasingly smaller role in the financial system”

JPMorgan Chase (NYSE:JPM) is out with its annual report today and opening up the document is a letter from JPM CEO Jamie Dimon. The annual missive has emerged as the most widely read “dear shareholder” letter in the financial services sector as Dimon is broadly… Read More

JPMorgan Chase Financial Company LLC Shares Terms of Notes for its Cryptocurrency Exposure Basket

JPMorgan Chase Financial Company LLC recently shared the terms of the notes offered by the preliminary or initial pricing supplement. The notes, which have will have JPMorgan Chase & Co. serve as the guarantor, will have a $1,000 minimum denomination, the bank confirmed. As noted… Read More

US Fintech Taulia, a Tech Partner of Supply Chain Finance Firm Greensill, Acquires Over $6B in Financing from JPMorgan-led Consortium

US-based Fintech company Taulia, a tech partner of supply chain finance firm Greensill, revealed on Wednesday (March 10, 2021) that it had acquired over $6 billion in funding from a financing consortium that was led by JPMorgan. The consortium reportedly includes European lenders UniCredit, UBS… Read More

JPMorgan Chase & Co Appoints Ex- HSBC Holdings Exec Jeremy Balkin as its Head of Fintech and Innovation for Wholesale Payments

JPMorgan Chase & Co  (NYSE:JPM) has reportedly hired former HSBC Holdings executive Jeremy Balkin to serve as the bank’s Head of Fintech and Innovation for handling wholesale payments. In his new role, Balkin is expected to manage Fintech and related innovation projects with a focus… Read More

JPMorgan to Discontinue Support for Chase Pay by End of March, Shell, Starbucks, Walmart Customers will be Affected

JPMorgan (NYSE:JPM) will reportedly be closing down its Chase Pay method of making payments for apps and websites effective March 31, 2021. Chase bank’s full list of retailers accepting the payment method, which includes Shell, Starbucks, and Walmart customers will be affected by the suspension… Read More

JPMorgan Is Reportedly Testing Blockchain or DLT based Payments between Satellites Orbiting Earth

  Are you stuck somewhere in outer space with utility bills to settle? Then you need not worry, because the satellites may be able to take care of them. JPMorgan Chase & Co (NYSE:JPM) reportedly been testing blockchain or distributed ledger tech (DTL)-powered payments between… Read More

Over 100,000 Bitcoin Addresses were Holding $1 Million or More when BTC Price Briefly Surpassed $58K: Report

There are now around 100,000 Bitcoin (BTC) addresses that are holding more than $1 million worth of the cryptocurrency. The Bitcoin and crypto-mania has helped many individuals become millionaires (many almost overnight) as the digital asset continues to attract many more new investors including major… Read More

Bitcoin Is like an “Economic Side Show” when Compared to the Fintech Boom, JPMorgan Analysts Argue

JP Morgan says that Bitcoin (BTC) is like an “economic side show” when compared to the emergence of many new Fintech businesses. The bank’s analysts have argued that Bitcoin is a poor hedge against the falling equity prices. The world’s leading digital currency is trading… Read More

World’s Largest Asset Manager BlackRock to “Dabble” in Bitcoin, while Some Analysts are Still Comparing BTC Market to Tulip Mania

Bitcoin (BTC), the flagship cryptocurrency, keeps surging to all-time highs.  On Wednesday (February 17, 2021), which was just a day after the digital asset surpassed the $50,000 mark, the crypto had again set a new record above $51,000. Bitcoin is trading at around $51,490 at… Read More

Dramatic Rise in SPACs Is Reflection of Market with Surplus Liquidity and Not Enough Assets to Acquire, JPMorgan Exec Explains

JPMorgan Co-President Daniel Pinto recently noted that he doesn’t see another stock market correction “anytime soon,” unless the current situation “changes dramatically.” Pinto also said during his interview with CNBC that Fintech challengers are really good at providing “great client experience.” He acknowledged that they’ve… Read More

JP Morgan to Launch Digital Bank in the UK

The digital banking sector will get a bit more crowded in the UK following the news that JP Morgan (NYSE:JPM) is planning to launch a digital bank in the country. JP Morgan will follow in the footsteps of Marcus, created by Goldman Sachs, entering the… Read More

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

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