JPMorgan Chase is the only U.S. bank with scalable businesses in every payments vertical; the bank has been investing and partnering heavily the last few years into payments innovation; they see checking accounts as checking and payments accounts; they have made moves into digital wallets, p2p payments, order and pay ahead apps and recently partnered to allow customers to send an receive electronic payments and invoices; the bank sees payments and banking as one in the same and with the recent news of their heavy tech investment for 2018 more innovation looks to be on the way. Source.
JPMorgan Chase finds itself overhauling their digital strategy team as they leaders in the unit have moved on to other...
American Banker reports that JPMorgan Chase will cut several hundred jobs within their consumer unit which includes deposit, credit card,...
JPMorgan Chase launched a new account for low income consumers that offers access to their mobile app, branches and ATMs...
Australian digital bank Judo Bank has officially reached unicorn status with the latest round of capital; the $230mn round included...
JPMorgan Chase plans to block fintechs from screen scraping as they believe the practice is putting the bank at greater...
JPMorgan Chase was widely criticized for their tweet last week that talked about savings habits and the incident could help...
JPMorgan Chase intends to spend close to $600mn more on technology in 2019 than they did in 2018; almost half...
The company is calling their strategy the digital everything model, which includes new mobile features and back office operations powered by the blockchain; “We’re not going to lose our financial discipline because we have to make an investment that we have to do or want to do,” CEO Jamie Dimon said when asked about their approach to the tech investment; branch expansions, investments in big data solutions and more were also discussed during the investor call as reported by American Banker. Source.
Challenger banks have become all the rage recently with big fundraising rounds and innovative products; American Banker takes a look...