Tagged: jpmorgan

April 26, 2020 @ 9:40 pm By JD Alois  |  

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

April 3, 2020 @ 10:34 am By Samantha Hurst  |  

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

March 5, 2020 @ 10:17 am By Omar Faridi  |  

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

February 24, 2020 @ 9:54 pm By Omar Faridi  |  

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

February 23, 2020 @ 7:37 am By Omar Faridi  |  

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

February 21, 2020 @ 4:34 pm By Omar Faridi  |  

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

February 16, 2020 @ 10:22 am By Omar Faridi  |  

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

January 29, 2020 @ 2:36 am By Omar Faridi  |  

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

January 26, 2020 @ 4:16 pm By Omar Faridi  |  

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

November 12, 2019 @ 1:41 pm By Omar Faridi  |  

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

November 7, 2019 @ 10:37 pm By Omar Faridi  |  

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

October 18, 2019 @ 11:46 am By Omar Faridi  |  

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

July 22, 2018 @ 2:15 pm By JD Alois  |  

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

June 29, 2018 @ 11:21 am By Samantha Hurst  |  

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

April 21, 2018 @ 5:40 pm By Samantha Hurst  |  

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

April 10, 2018 @ 9:13 am By Samantha Hurst  |  

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

July 5, 2017 @ 12:29 pm By Samantha Hurst  |  

Worldpay Group, a British payment processing firm, announced on Wednesday that Vantiv has offered $10 billion towards the fintech company’s acquisition. The companies revealed in a joint statement: “The Boards of Worldpay and Vantiv see compelling strategic, commercial and financial rationale for combining Worldpay and… Read More

April 20, 2017 @ 4:41 pm By Samantha Hurst  |  

JP Morgan Chase’s virtual fintech lab, the Financial Solutions Lab (FinLab) is now accepting applications for its 2017 program. The financial group teamed up with the Center for Financial Services Innovation to launch the program and this is the third annual $3 million challenge. The… Read More

December 16, 2015 @ 3:39 pm By Samantha Hurst  |  

On Wednesday, Fitch Ratings reported that the growth and success of shadow banks will begin to slow down in 2016 as regulators step up scrutiny of the sector and banks weigh competitive responses. The website revealed that shadow banks are increasingly likely to become victims… Read More