Tag: JP Morgan

April 23, 2024

JTC describes FRTC-DE as “highly complementary” to its previous acquisitions of South Dakota Trust Company (SDTC) and New York Private Trust Company (NYPTC). The proposed deal, which is subject to customary closing conditions, will see FRTC-DE and its $9 billion […]

February 20, 2024

The US bank first acquired a 48.5% stake in Viva Wallet in December 2022 in an effort to tap the European payments market, with WeRealize, led by Viva Wallet founder Haris Karonis, retaining the remaining share. However, reports have suggested […]

October 23, 2023

The solution leverages Mastercard’s open banking technology to enable consumers to share their financial data to pay third parties directly from their bank account using traditional ACH banking rails. This process eliminates the need for customers to manually enter their […]

September 29, 2023

As part of the agreement, JP Morgan’s corporate and investment bank will corroborate payment information for the department’s fiscal service prior to its payments being issued. It will seek to authenticate payment details by leveraging its own customer information alongside […]

September 26, 2023

The soft-launched service seeks to enable the bank’s clients to complete high-value transfers between Bahrain and the US through JP Morgan’s Coin Systems, which sits upon the JP Morgan Onyx blockchain system which was launched in 2020. Coin Systems supports […]

September 5, 2023

Utilising Network International’s acceptance solutions and “decades of expertise” in card processing and value-added services, JP Morgan Payments aims to “expand and complement” its existing payment offerings in the region. Founded in 1994 and headquartered in Dubai, Network International offers […]

July 25, 2023

Following earlier speculation that it might pursue the German market, Dimon finally confirmed the move with regional newspaper Handelsblatt on Friday, sharing that the US banking giant has “ambitions plans” for its arrival. Chase’s European debut has so far only […]

April 24, 2023

Sharegain’s digital securities lending solution will bolster JP Morgan’s existing client offering for wealth managers and online broker participants across 30 markets. The fintech’s end-to-end digital solution allows investors to generate revenue through loaning out their financial assets – including […]

March 23, 2023

The acquisition, expected to close in H1 2023, will build out JP Morgan’s private markets platform for companies, employees and investors. The US multinational says the deal will complement its recent acquisition of Global Shares and the launch of its […]

January 12, 2023

According to the lawsuit, filed in December last year in the US District Court in Delaware, Javice allegedly claimed Frank – a student loan application fintech – had more than 4.25 million student users but had used “synthetic data” techniques […]

September 22, 2022

The new “global strategic alliance” will see Cleareye work with JP Morgan’s Trade and Working Capital Group, leveraging the former’s digital solution ClearTrade to simplify the due diligence processing associated with trade finance transactions and related physical documents. Over the […]

January 27, 2022

The financial services multinational says the “strategic investment” supports the firm’s plan to expand its payments business targeted at European SMEs and middle market merchant services clients. The financial terms of the transaction have not been disclosed. Founded in 2000, […]

June 28, 2021

Deutsche Bank has seen head of group architecture, John Smith, depart to join IHS Markit. Smith arrived at Deutsche from NatWest Markets in March, but is headed out after less than four months. Once CIO at NatWest, Smith has a […]

December 28, 2020

Some hefty penalties have hit headlines this year, punishing a range of indiscretions including market manipulation and money laundering. Here are the largest regulatory penalties announced this year. 10. Commerzbank fined £37.8 million by FCA for AML failings The UK’s […]

May 6, 2020

The fresh capital comes from eight heavy weight investors including Citi, Deutsche Bank, HSBC, JP Morgan, State Street, Clearstream, and Computershare. All eight investors are in the fintech’s newly created consortium. The fintech says it will use the backing to […]

January 31, 2020

The report did not mention the exact number of jobs to be cut but said the planned layoffs represent about 1% of employees in the unit. JP Morgan will notify the impacted staff on 6 February and give them a […]

January 21, 2020

J.P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects. The lender said it can finance more than $100 billion annually from its investment bank and created […]

January 3, 2020

Bill Wallace, Chase’s head of digital, told the Financial Times the lender was working towards getting customers’ passwords “out of the system” and instead issuing tokens that send third parties a narrow range of data in a secure form. Aggregator […]

November 18, 2019

According to the firms, the new system will address the challenge of having to tie-up excess funds across the clearing workflow by integrating settlement instructions for custodians and other funding sources into existing treasury platforms. The resulting end-to-end automation of […]

July 15, 2019

The big banks are kicking off earnings season, and while Citi (C – Get Report) did so with a bang there are some particular factors to watch for in the rest of the earnings reports. Citigroup Citi beat analyst’s estimates […]