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JP Morgan Chase goes in for the Bill for digital payments platform

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JP Morgan Chase has teamed with Bill, the largest digital business-to-business (B2B) payments network in the US, for its new paytech platform. This B2B solution, to be rolled out next year, will be integrated into Chase’s digital platform for businesses, used for online and mobile solutions. Andrew Kresse, CEO of business banking at JP Morgan […]

Blockchain and Bitcoin round-up: 14 September 2017

Bitcoin coins - virtual digital crypto-currency. Accurately stacked coins, closeup, background, 3D illustration.

Arguments, exchanges and something getting launched. It’s our blockchain and Bitcoin round-up. Features JP Morgan Chase, the Financial Services Agency of Japan and Wish Finance. There will be blood. Sort of. JP Morgan Chase CEO Jamie Dimon got plenty of attention with his scepticism and criticism of Bitcoin – calling it a “fraud”. Using the […]

Where top US banks are investing in fintech – CB Insights

Click on the image to enlarge. Source: CB Insights

Since 2012, the top ten US banks (by assets under management) have participated in 72 rounds totaling $3.6 billion to 56 fintech companies, according to CB Insights. While investment activity dropped on a quarterly basis in Q1 2017, four of the last five quarters have seen over $1 billion invested into fintech start-ups in the US backed by venture capital firms.

JP Morgan Chase start-up portfolio with CFSI powers on

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JP Morgan Chase is more than halfway through its five-year $30 million commitment to start-up innovation in its partnership with Centre for Financial Services Innovation’s (CFSI) FinLab, reports Finovate (Banking Technology’s sister company). Each of the past three years, fintech start-ups have been invited to apply to the accelerator which is focused on finding financial solutions for low- and […]

Finicity and JP Morgan Chase pair for data share

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Data aggregation provider Finicity has signed an agreement with JP Morgan Chase to let the bank’s customers choose data to share with apps. The companies will use a direct API to allow Chase customers to share information with the apps and services that Finicity supports. According to the firms, this tokenised access will eliminate the […]

KeyBank and JP Morgan Chase backing Ohio fintech accelerator

Ohio vector seal.

KeyBank, Fifth Third Bank and JP Morgan Chase are funding and backing a new Ohio-based accelerator, Fintech71 – a nod to the cross-state highway I-71 connecting Ohio via its three largest cities, Cincinnati, Columbus and Cleveland. The accelerator will focus on growing entrepreneurial activity in Ohio and offer mentor and partnership options. Finalist teams will […]

JP Morgan Chase exits R3 blockchain consortium

R3 logo

JP Morgan Chase has finally bid farewell to the R3 blockchain consortium as it pursues its own interests. As Banking Technology reported in November, JP Morgan was understood to be in the “leave” camp as it opted out of a fundraising effort for R3. R3 had initially planned to raise $200 million from its members […]

JP Morgan Chase unveils new blockchain

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JP Morgan Chase is developing its own blockchain, called Quorum, on the Ethereum network. Amber Baldet, program lead, blockchain centre of excellence, JP Morgan Chase, says it is working with Ethereum “because it has been around a while and banks are familiar with it”. With Quorum, the firm says all public and private smart contracts […]

JP Morgan Chase invests in InvestCloud for digital wealth management

JP Morgan

JP Morgan Chase and InvestCloud, a California-based fintech firm, are partnering to develop digital capabilities for individual investors at both the JP Morgan and Chase franchises. JP Morgan has also made an equity investment in InvestCloud, but hasn’t revealed the figures. This investment is just one part of JP Morgan’s three-year $300 million digital strategy […]

Big US banks to fight for instant payments market

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Some of the major US banks are planning to tap into the instant payments market via their digital network, according to Reuters. Banks including JP Morgan Chase, Bank of America, Wells Fargo and US Bancorp will use their jointly-owned network, clearXchange, to let their customers transfer money. “What we are doing now is delivering payments […]

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