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JPMorgan

FintechNews RoundupUSA
·Mar. 13, 2019

JPMorgan Opening 90 Branches in 9 Markets

The bank announced today plans to open 90 branches by the end of 2019 as competition from other top banks...
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FintechNews RoundupUSA
·Feb. 5, 2019

Wall Street Needs to Clean Up Data Before Seeing Power of AI

JPMorgan Co-President Daniel Pinto told Business Insider that the bank is working on a massive process of cleaning of data...
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FintechNews Roundup
·Jan. 25, 2019

China Open to More Foreign Bank Licenses

The Chinese government is looking to approve global banks for majority ownership in local security ventures; the China Securities Regulatory Commission...
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EuropeFintechNews RoundupUSA
·Jan. 18, 2019

Announcements & Releases for January 18, 2019

Natwest rolls out Esme loans to SME customers ScaleFactor secures $30m funding for back office automation Truss Raises $15M in...
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EuropeFintechNews Roundup
·Feb. 21, 2018

Former JPMorgan Trader’s Crypto Pivot

Danny Masters ran JPMorgan’s commodities trading business in the 1990s; he is a strong believer in ICOs as a better mousetrap compared to IPOs stating, “I’ve raised for companies — angel, friends and family, series A, series B stuff — and it's a real pain in the arse. It's slow, it's time-consuming, it's duplicative. It's a really heavy duty process. I know some great companies who've raised £5 million, £10 million and they've spent thousands of man hours doing it.”; he also notes that there is a lack of quality ICOs and they have funded only a dozen; Masters setup a fund called Global Advisors which pivoted to crypto in 2014. Source

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FintechNews RoundupUSA
·Feb. 20, 2019

JPMorgan Builds Cloud Engineering Center in Seattle

JPMorgan has come to understand how important cloud computing is to the future of the bank; they recently created a...
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FintechNews RoundupUSA
·Jan. 28, 2019

JPMorgan Says Blockchain’s Impact Looks to be Marginal

A new report by JPMorgan says they don’t believe blockchain technology will be transformative for the global payments system and...
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FintechNews RoundupUSA
·Jan. 23, 2019

Coupa and JPMorgan Teaming on Virtual Coupa Pay Cards

Coupa Software and JPMorgan have announced that they are now working together to integrate JPMorgan’s Single-Use Accounts (SUA) virtual cards...
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FintechNews RoundupUSA
·Jan. 15, 2019

AI Not Tops When it Comes Managing Money, Says JPMorgan Exec

While there are those that may feel the robot takeover in financial services is  imminent, there is a much larger...
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FintechNews Roundup
·Dec. 15, 2017

Ant Financial’s Yu’e Bao is Risky Despite Their Growth

Ant Financial’s Yu’e Bao fund has grown since launch in 2013 to become the largest money market fund in the world; JP Morgan’s fund, which launched in 1993, was recently passed by Yu’e Bao in assets and is still seen as the safer fund; according to a report by Fitch Ratings Yu’e Bao is a lot riskier in terms of market concentration, credit quality, liquidity and regulatory risk. Source.

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