Revolut, Robinhood and others have seen a great deal of growth in the last couple of years as consumers have...
Big banks like Citi and JPMorgan Chase are trying to beat fintechs at their own game with launches of new...
Data storage startup Snowflake is adding Google’s public cloud to their support which already can service Amazon Web Services and...
Despite the rumors of a spinoff and losing Amber Baldet JPMorgan Chase is still pushing forward with their Quorum blockchain; they recently tested the issuance of a $150 million, one-year, floating-rate Yankee certificate of deposit on the blockchain, in parallel with the actual issuance of the CD according to American Banker; in regards to the spinoff the bank has yet to completely deny the rumors, though they could spinoff parts of the group and still house Quorom within the bank. Source.
Big banks like J.P. Morgan Chase and Wells Fargo have developed new mobile only banking apps in an effort to attract younger customers; “It’s about helping people start in banking and doing it in the way that fits their lifestyle,” said Steve Ellis, executive vice president and head of the Wells Fargo Innovation Group, to Business Insider; the banks are looking to get users at a younger age then keep them over the lifetime with additional product offerings; focusing on the consumer experience and new technology will help the banks to claw back some of the market that fintech companies have taken. Source.
Plaid CEO Zach Perret is in favor of banks allowing customers to have control over access of their data; Plaid...
JPMorgan Chase and Wells Fargo announced their earnings late last week and digital channels continue to be a growing force at the banks; JPMorgan Chase saw a 13 percent jump in active mobile customers to over 30 million; Wells Fargo’s growth was not as pronounced at 3 percent to over 21 million active mobile customers; this points to a broader industry trend where according to Business Insider’s Mobile Banking Competitive Edge study 83 percent of respondents use mobile banking; some recent trends the study has also seen include more attention to security, mobile transfers and users asking for more advanced features. Source.
You have to acknowledge the star quality of JPMorgan Chase chairman and CEO Jamie Dimon after reviewing the investor day details yesterday.
Marqeta will be providing JPMorgan Chase its virtual card technology that will allow new Chase commercial card customers to use...
A 2019 survey by Cornerstone Advisors found that 44 percent of millennials banked with Bank of America, JPMorgan Chase and...