The bank is closing 20% of branches and reducing staff in the ones that will remain open; they are the...
Business Insider recently sat down with with Lori Beer, JPMorgan's chief information officer, about the bank’s strategy for working with companies in the fintech market; they have chose to work with fintech firms of all different sizes through a residence program for younger companies to partnership or acquisitions with maturing companies; the bank sees fintech as a core component of their offering. Source.
American Banker reports that JPMorgan Chase will cut several hundred jobs within their consumer unit which includes deposit, credit card,...
JPMorgan Chase intends to spend close to $600mn more on technology in 2019 than they did in 2018; almost half...
JPMorgan’s Interbank Information Network (IIN) has already signed up more than 220 banks and now they plan to expand the...
JPMorgan Chase launched a new account for low income consumers that offers access to their mobile app, branches and ATMs...
JPMorgan Chase announced a JPM Coin to allow for interbank payments on a closed network using their Quorum technology; the...
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.
Later this year cardholders will be able to access loans from JPMorgan Chase through “My Chase Plan” which features a...
The bank announced today plans to open 90 branches by the end of 2019 as competition from other top banks...