Tagged: wholesale payments

July 7, 2023 @ 9:11 am By Omar Faridi  |  

Members of the U.S. financial services sector published the findings of a proof of concept (PoC) that explored the feasibility of the regulated liability network (RLN), which is envisioned “as an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger.” While today’s… Read More

March 11, 2021 @ 7:20 pm By Omar Faridi  |  

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

July 16, 2020 @ 7:47 am By Omar Faridi  |  

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