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JP Morgan’s secretive UK digital bank plans revealed

June 21, 2019

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.

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