Artificial intelligence is a transformative tool for the banking industry, and access to the right talent is one of the biggest challenges right now. JPMorgan has hooked workers by emulating the practices of tech firms, a new report finds. JPMorgan has topped a new index that ranks some of the world’s biggest banks on their […]
Tag: JPMorgan
JPMorgan realized that it could prevent its IT department from being a “bottleneck” to innovation by pairing rigorous technology standards with independence for product teams. Legacy financial institutions are under enormous pressure to keep up with innovative fintechs – and it requires them to rethink how they structure and run their businesses. For JPMorgan, that […]
As the economic climate remains precarious, technology for optimizing client portfolios can provide advisors with an edge as they try to help their customers build wealth. JPMorgan Private Bank just made a strategic investment in Swiss software firms Edgelab and Evooq – which specialize in risk analytics, portfolio construction, advisory platforms, and workflow – as […]
Pay-by-bank capabilities – which let consumers pay bills directly from their bank accounts without having to type in routing or account numbers – reduces risks and costs for merchants and can earn goodwill from consumers. Mastercard and JPMorgan just announced a new pay-by-bank product to let consumers pay bills directly from their bank accounts with […]
Travel is one of the most aspirational and big-ticket spending categories for consumers. By providing an exceptional in-house booking experience where customers can spend their credit card points, banks are building loyalty while also carving out additional travel spend for themselves. Capital One is the latest bank to step up its bid to build out […]
Banks are realizing that by pairing automated rebalancing and algorithmic advice with phone advisor consults, they can win over younger, digital-savvy investors without a high price tag. The likes of JPMorgan, Ally Financial, Truist, and Bank of America have all expanded from offering standard automated robo-advising to providing supplemental personal consultations with financial advisors. Clients […]
With startups increasingly staying private longer, banks can benefit from expanding their services and bonding with companies early. JPMorgan just launched a new platform called Capital Connect to strengthen its connections with young, venture-backed companies that could eventually swell into major enterprises. The platform aims to simplify the fundraising process for startups, allowing them to […]