Dorsey was recently interviewed at the Computer History Museum in Mountain View; Dorsey is bullish on the future of blockchain describing it as the "next big unlock"; believes that people need to be thoughtful in the applications of blockchain, focusing on what are the best applications of the technology; also discusses bitcoin and how it is beginning to reach more people. Source
Banks are under significant pressure to modernize and one of their core providers is helping to drive that change; Jack...
Jack Henry & Associates banking division recently signed up their seventh community bank in as many months; the banks have contracted the company to use their Windows-based banking platform; Jack Briner, president and CEO California International Bank, tells Banking Technology: “When evaluating core providers, we could tell that Jack Henry & Associates would be the best partner for our bank. The advanced technology and forward momentum that Jack Henry Banking provides will give our bank the integrated and robust capabilities needed to get ahead.” Source.
Speaking on CNBC with Jim Cramer on Mad Money, Reses shared that Square is capitalizing on the lack of access...
Speaking at an industry conference JPMorgan Chase CEO Jamie Dimon said bitcoin was a fraud and that it will eventually blow up; American Banker reports, “If we had a trader who traded bitcoin, I’d fire them in a second,” Dimon said. Not only would doing so be against company rules, but it would also simply be “stupid.”; he also talked about the bank's future plans in new locations and mobile banking. Source
JPMorgan Chase CEO Jamie Dimon says the current crisis is a wake up call for both government and business to...
Crain's talked with JPMorgan CEO Jamie Dimon this week as he toured the Midwest, meeting with bank employees; Dimon discussed the credit market; also gave his perspective on online lending, noting some of the risks from depending on investor capital versus bank capital. Source
Dimon noted that new customers can open a new deposit account in less than five minutes and that the bank...
Looking to broaden their presence in Silicon Valley the e-commerce firm JD.com partnered with accelerator Plug and Play; JD.com said it will share technologies like artificial intelligence, cloud and smart supply chain tech with the new program; they will look to focus on companies in robotics, AI, AR/VR and the cloud; “Partnering with Plug and Play, we hope to unlock the potential of the next generation of companies, and help them succeed both in the US and China,” JD’s chief strategy office Dr. Jianwen Liao told TechCrunch in a statement. Source.
According to a report from GlobalCapital, Jefferies and Lending Club are partnering on a new securitization for Arcadia Funds; the portfolio is expected to include approximately $300 million of prime consumer loans from Lending Club. Source