The bank announced today plans to open 90 branches by the end of 2019 as competition from other top banks...
In a positive announcement for consumer data sharing, JPMorgan has agreed to allow Intuit customers to access bank data without sharing their passwords; the agreement will provide added convenience for JPMorgan customers using Intuit's Mint.com, TurboTax Online and QuickBooks Online; the elimination of passwords is expected to improve security and real-time access of account data. Source
Lending Club has hired Santiago Suarez, JPMorgan's head of new technologies; he will join Lending Club as the firm's head of strategy and mergers and acquisitions; at JPMorgan, Suarez was involved with testing blockchain and machine learning; he also worked in the bank's corporate strategy group, focused on managing top strategy issues for the bank. Source
[Update 12/1/2015 5:38 PM ET: We learned that JPMorgan is partnering with small business lender OnDeck. You can read...
As an elder Zoomer born in '97, the 'Crypto Bowl,' the JP Morgan "metaverse" and Facebook's Meta is nonsense to me, and here's why.
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
Ant Financial’s Yu’e Bao previously had the title for the largest money market fund; however, JPMorgan and Fidelity have now...
JPMorgan's Jamie Dimon has released his annual letter which provides details on the bank's fintech spending and future initiatives; in 2016 the bank spent $9.5 billion on technology with approximately $3 billion allocated to new initiatives, including $600 million specifically focused on fintech solutions and projects; in 2017 it plans to introduce new technology services for digital banking, online investment advice and electronic trading; Dimon also said that the firm is "collaborating with some excellent fintech companies to dramatically improve our digital and other customer offerings"; business partners include Zelle for consumer payments, Roostify for online mortgages, TrueCar for auto finance and On Deck Capital, for small business loans. Source
Kristin Lemkau, chief marketing officer at JPMorgan, says the bank has limited its web ads to 5,000 from 400,000 in an effort to improve the quality of ad displays; marketers have taken a programmatic advertising approach which features ads across the web based on browsing habits versus investment in individual sites; the new limitations for JPMorgan use a more customized white listing approach and are also the result of fewer ads on YouTube following recent issues. Source
The largest mortgage lender in the U.S. has confidentially filed for an IPO according to CNBC; the report indicates the...