The bank’s secretive project comes just weeks after it closed its millennial retail offering Finn in the US.
The US bank has been reaching out to developers to build a product which could challenge Goldman Sachs’ Marcus and the competitive UK challenger bank scene, dominated by brands like Monzo.
Several incumbent banks are known to be developing new digital-first products in a bid to keep the new wave of challenger banks at bay and now it appears that the latest to make that move is JP Morgan.
