Pleo is a European fintech that automates expense reports and simplifies company spending via their smart corporate prepaid cards; today...
JPMorgan is one of Wall Street's most active fintech innovators; Jamie Dimon outlined some of the bank's leading initiatives in his annual letter; in 2016 the firm invested $9.5 billion in new technology put towards initiatives in big data, machine learning, cybersecurity and electronic trading; the bank is also developing its customer facing technology and enhancing digital services for its corporate and investment bank and its asset and wealth management unit; other initiatives include promoting financial inclusion, collaborating with fintechs and investing in data sharing. Source
Natwest rolls out Esme loans to SME customers ScaleFactor secures $30m funding for back office automation Truss Raises $15M in...
Ant Financial’s Yu’e Bao previously had the title for the largest money market fund; however, JPMorgan and Fidelity have now...
Lending Club has hired Santiago Suarez, JPMorgan's head of new technologies; he will join Lending Club as the firm's head of strategy and mergers and acquisitions; at JPMorgan, Suarez was involved with testing blockchain and machine learning; he also worked in the bank's corporate strategy group, focused on managing top strategy issues for the bank. Source
The Chinese government is looking to approve global banks for majority ownership in local security ventures; the China Securities Regulatory Commission...
The Center for Financial Services Innovation (CFSI) and JPMorgan Chase have announced the launch of their third annual Financial Solutions Lab (FinLab); the FinLab challenge provides support for fintech companies developing innovative solutions targeting the financial health of overlooked populations; the FinLab is currently taking applications and will announce its winners at the EMERGE Forum 2017; FinLab winners receive $250,000 and support from FinLab advisers and partners. Source
[Update 12/1/2015 5:38 PM ET: We learned that JPMorgan is partnering with small business lender OnDeck. You can read...
Some banks have recently started automatically increasing credit card limits for customers; the credit card companies hope that doing so...
While there are those that may feel the robot takeover in financial services is imminent, there is a much larger...