TechCrunch reports that JP Morgan is recruiting for a secret project based in London; while few details are known, the bank is requiring candidates to sign an NDA; sources say that they are looking to build an internal startup which will operate separately to JP Morgan’s current business lines; some speculate that the project is a competitor to Goldman Sachs’ Marcus while others believe their ambitions are larger and that it will be a core banking SaaS platform or “AWS for Banking”. Source
