The market turmoil has sparked banks like JPMorgan Chase and Bank of America to try for further easing of certain...
Big banks like Citi and JPMorgan Chase are trying to beat fintechs at their own game with launches of new...
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.
JPMorgan Chase, HSBC and Deutsche Bank are amongst a group investing $20mn in online shareholder platform Proxymity; the company is...
Some of the biggest banks have started to invest greater resources in quantum computing as they hope the technology is...
JPMorgan Chase, Wells Fargo and now Ally Bank have all outsourced a part of their home lending process to fintech...
Revolut, Robinhood and others have seen a great deal of growth in the last couple of years as consumers have...
JPMorgan Chase, American Express and HSBC said they are leading a $40mn round into Menlo Security; banks are usually a lot more secretive about security investments but they see a wider industry potential in using isolation technology; the technology can better defend against phishing attacks which account for most breaches as employees click on a fake link that then causes malware to infect the computer; when a user clicks on a link they open a browser that really is a one time instance in the cloud and prevents malware from downloading onto a computer; while some big banks have started using the technology more there has not been a significant rush yet. Source.
Asset management divisions within big banks have always been a solid revenue source but recently they have taken on greater...
According to a new study released by J.D. Power consumers gave the highest ratings to some of the biggest banks...