Tagged: jpmorgan

April 5, 2023 @ 8:16 am By Omar Faridi  |  

The Securities and Exchange Commission has charged Charlie Javice, the founder of the defunct student loan assistance company previously known as Frank, “with fraud in connection with the $175 million sale of the company to JP Morgan Chase Bank, N.A. (JPMC) in 2021.” The SEC’s… Read More

April 1, 2023 @ 3:06 pm By Omar Faridi  |  

QC Ware and JPMorgan Chase (NYSE:JPM) have completed a study of quantum “deep hedging,” paving the way “for future increased risk mitigation capabilities in financial services.” In a new paper released on March 30th, 2023, JPMorgan Chase and QC Ware examined two questions “on how… Read More

March 23, 2023 @ 4:24 pm By Omar Faridi  |  

J.P. Morgan (NYSE: JPM) announced that it has entered into a definitive agreement to acquire Aumni, a provider of investment analytics software to the venture capital industry. Financial terms of the transaction “were not disclosed and closing is expected in the first half of 2023.”… Read More

March 9, 2023 @ 8:31 am By Omar Faridi  |  

Socure, the provider of digital identity verification and fraud solutions, announced it has entered into a $95 million, three-year credit facility with J.P. Morgan, Silicon Valley Bank, and KeyBanc Capital Markets. This line of credit will further strengthen the company’s financial position as it “continues… Read More

January 30, 2023 @ 8:51 pm By Omar Faridi  |  

Commonwealth and JPMorgan Chase (NYSE:JPM) announced the next phase of their collaboration to address “the challenges and opportunities that emerging technologies present for advancing the financial lives of US workers earning low and moderate incomes, who are disproportionately Black, Latinx, and women-led households.” This project… Read More

December 19, 2022 @ 8:25 am By Omar Faridi  |  

Acin, the global operational risk control data network, announced it has closed $24 million in Series B funding from a strategic consortium of banks, “comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.” The investment round was also “supported by existing investors… Read More

November 10, 2022 @ 8:19 pm By Omar Faridi  |  

Cash, check or charge? How “quaint.” The way we move money — and what we consider money — has “changed dramatically over the last decade,” according to an update from Mastercard (NYSE: MA). The use of cash is “declining, and personal checks are largely on… Read More

October 20, 2022 @ 3:30 pm By Omar Faridi  |  

Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), announced it is giving Secure Banking customers more flexibility “over how they manage their money by providing access to direct deposits up to two days early.” Beginning this month, Secure… Read More

September 22, 2022 @ 9:15 pm By Omar Faridi  |  

Cleareye.ai announced a new global strategic alliance with J.P. Morgan’s Trade and Working Capital group. The alliance leverages a digital solution, ClearTrade, “to solve both the challenges Trade Finance operations face today and tomorrow.” Through significant advances in technology, the ClearTrade platform “streamlines the onerous… Read More

September 14, 2022 @ 10:17 pm By Omar Faridi  |  

Payload, a “rapidly growing” Fintech start-up, announced that it will be taking its powerful, integration-first inbound and outbound payment capabilities to the next level through a new relationship with JP Morgan (NYSE:JPM). J.P Morgan has supported Payload’s new payment facilitator status, which Payload “will utilize… Read More

August 10, 2022 @ 9:55 pm By Omar Faridi  |  

Nearly 70 female secondary students across 26 schools in Singapore got the opportunity “to develop technology solutions for real world problems” in the country’s second annual edition of GenerationTech – J.P. Morgan’s flagship youth program that “aims to close the gender gap in technology careers.”… Read More

August 6, 2022 @ 9:54 pm By Omar Faridi  |  

JP Morgan Payments has introduced a cross-border liquidity solution in Saudi Arabia, enabling customers to connect to liquidity pools in London and other cities across the globe. The service will aim to offer clients with a pipeline to link their balances to liquidity structures globally…. Read More

June 22, 2022 @ 11:26 am By JD Alois  |  

JP Morgan (NYSE:JPM), is slashing jobs in its mortgage business as the economy slows and demand for mortgages slows, according to a report by Bloomberg. JP Morgan is an enormous financial services firms with $4 trillion in assets and a significant home lender. The report… Read More

June 9, 2022 @ 10:49 pm By Omar Faridi  |  

Codat, the universal API for small business data, recently announced that it has acquired $100 million in capital via a Series C round that was led by JP Morgan Growth Equity Partners. Canapi Ventures and Shopify also participated in the investment round and Plaid has… Read More

May 27, 2022 @ 8:40 am By Omar Faridi  |  

Elliptic, an international firm focused on crypto-asset risk management, has announced J.P. Morgan as an additional investor “as part of its recent $60 million Series C funding round led by Evolution Equity Partners and including SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo… Read More

May 14, 2022 @ 11:35 pm By Omar Faridi  |  

JPMorgan’s Securities Services business announced the launch of “Fusion by J.P. Morgan,” a data platform that “delivers end-to-end data management and reporting solutions for institutional investors.” Fusion will allow clients to seamlessly “integrate and combine data from multiple sources into a single data model that… Read More

April 4, 2022 @ 4:03 pm By JD Alois  |  

Jamie Dimon’s annual letter to JPMorgan (NYSE:JPM) shareholders is out today. Dimon, probably the most respected bank CEO on Wall Street, crafts a shareholder letter each year where he shares his opinion and perspective on the financial services industry, challenges as well as opportunities. For… Read More

April 2, 2022 @ 12:30 pm By Omar Faridi  |  

Chase has announced a multi-year extension of the co-branded Amazon Prime Rewards Visa Signature credit card. The extension aims to reinforce the more than 20 years-long commitment between Chase and Amazon to offer card-members the best in rewards, benefits, and customer service. Marianne Lake, co-CEO… Read More

March 16, 2022 @ 2:54 pm By Omar Faridi  |  

J.P. Morgan (NYSE: JPM) announced on March 15, 2022 that it has “entered into an agreement” to acquire Global Shares, a Cloud-powered provider of share plan management software. Global Shares’ employee ownership solutions “cover the entire company lifecycle, and caters to corporates worldwide.” The deal… Read More

March 10, 2022 @ 3:45 pm By JD Alois  |  

Following the news that Goldman Sachs (NYSE:GS) was exiting operations in Russia, JPMorgan (NYSE:JPM) is reportedly doing the same. The move follows heavy economic sanctions targeting Russia by many countries around the world following Russia’s draconian invasion of Ukraine. JPMorgan Chase is the largest bank… Read More