Tagged: jpmorgan chase

March 31, 2025 @ 10:08 am By Omar Faridi  |  

In a striking verdict that has reverberated through the financial services and Fintech sector, Charlie Javice, the once-celebrated founder of the college financial aid startup Frank, was convicted on March 28, 2025, of defrauding JPMorgan Chase. The Manhattan federal court jury found her guilty on… Read More

June 1, 2024 @ 3:15 pm By Omar Faridi  |  

In a new paper in Science Advances on May 29, researchers at JPMorgan Chase (NYSE: JPM),  the U.S. Department of Energy’s (DOE) Argonne National Laboratory and Quantinuum have demonstrated clear evidence of “a quantum algorithmic speedup for the quantum approximate optimization algorithm (QAOA).” This algorithm… Read More

July 26, 2023 @ 1:17 pm By Omar Faridi  |  

Fintech unicorn Tipalti recently announced an additional $150M in growth financing, bringing the company’s total equity and debt raise to more than $700M. Led by JP Morgan Chase Bank and Hercules Capital, this incremental growth financing will enable Tipalti to further invest in product innovation… Read More

June 22, 2023 @ 9:43 am By Omar Faridi  |  

JPMorgan Chase (NYSE: JPM) has reportedly appointed Teresa Heitsenrether to serve as the Head of a data and analytics division. This, according to a report from Bloomberg on Wednesday (June 21, 2023). This new appointment is part of the banking institution’s wider focus on artificial… Read More

April 5, 2023 @ 8:16 am By Omar Faridi  |  

The Securities and Exchange Commission has charged Charlie Javice, the founder of the defunct student loan assistance company previously known as Frank, “with fraud in connection with the $175 million sale of the company to JP Morgan Chase Bank, N.A. (JPMC) in 2021.” The SEC’s… Read More

April 1, 2023 @ 3:06 pm By Omar Faridi  |  

QC Ware and JPMorgan Chase (NYSE:JPM) have completed a study of quantum “deep hedging,” paving the way “for future increased risk mitigation capabilities in financial services.” In a new paper released on March 30th, 2023, JPMorgan Chase and QC Ware examined two questions “on how… Read More

January 30, 2023 @ 8:51 pm By Omar Faridi  |  

Commonwealth and JPMorgan Chase (NYSE:JPM) announced the next phase of their collaboration to address “the challenges and opportunities that emerging technologies present for advancing the financial lives of US workers earning low and moderate incomes, who are disproportionately Black, Latinx, and women-led households.” This project… Read More

March 1, 2022 @ 11:15 am By Omar Faridi  |  

JPMorgan Chase (NYSE:JPM) announced on Monday (February 28, 2022) that it would be making an investment in TRM Labs, a blockchain analysis company, becoming the latest in a growing number of Wall Street giants who are expanding their footprint in the crypto and DLT  industry…. Read More

February 27, 2022 @ 7:34 pm By Omar Faridi  |  

C6 Bank clients who have a global account with a US dollar or Euro balance are now able to withdraw cash from Chase ATMs free of charge beginning on February 24, 2022. The ATM network is available in the US and has over 16,000 units… Read More

September 11, 2021 @ 12:34 pm By Tony Zerucha  |  

Oportun Financial Corporation (NASDAQ: OPRT), a financial services and technology company that uses artificial intelligence to inform its credit decisions, this week announced the closing of a new warehouse credit facility of $600 million, backed by a portion of Oportun’s unsecured and secured personal loans…. Read More

June 29, 2021 @ 2:41 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) today announced JPMorgan Chase & Co. (NYSE:JPM) subsidiary Neovest, Inc. has agreed to pay a $2.75 million fine for failing to register as a broker-dealer in violation of federal securities laws. This is the first time the agency has… Read More

June 18, 2021 @ 11:55 am By Omar Faridi  |  

London-based 10x Future Technologies, a Cloud banking solution provider, has finalized an oversubscribed $187 million Series C round. The company states: “10x Future Technologies is … focused on transforming banking to be 10x better for customers, banks and society. The group has developed its own… Read More

February 11, 2021 @ 12:17 am By Omar Faridi  |  

JPMorgan Co-President Daniel Pinto recently noted that he doesn’t see another stock market correction “anytime soon,” unless the current situation “changes dramatically.” Pinto also said during his interview with CNBC that Fintech challengers are really good at providing “great client experience.” He acknowledged that they’ve… Read More

December 3, 2020 @ 10:32 pm By Omar Faridi  |  

JPMorgan (NYSE:JPM), the largest US bank, is reportedly planning to acquire Fintech firm 55ip in order to assist financial advisors with setting up tax-efficient investment portfolios. JPMorgan Chase’s management noted that the bank’s asset management unit has decided to buy Fintech company 55ip so that… Read More

November 18, 2020 @ 10:17 pm By Omar Faridi  |  

JPMorgan Chase (NYSE:JPM), the largest bank in the US and sixth-largest in the world in terms of assets, is reportedly planning to enter the rapidly evolving Buy Now, Pay Later (BNPL) market. Chase revealed that it will be offering its credit card customers the option… Read More

July 16, 2020 @ 7:47 am By Omar Faridi  |  

JPMorgan Chase, the largest bank in the US and sixth-largest in the world in terms of assets, has reportedly acquired a minority stake in FitBank, a Brazilian Fintech firm. The amount paid by the bank for the part acquisition hasn’t been shared publicly. Established in… Read More

May 4, 2020 @ 7:35 am By Omar Faridi  |  

Mobile and online banking users have increased significantly due to the COVID-19 pandemic. This, as banks across the globe have taken measures to limit or restrict in-person visits to physical branches, in order to prevent the further spread of the Coronavirus. A recent J.D. Power… Read More

April 6, 2020 @ 9:45 am By JD Alois  |  

Legendary banking CEO Jamie Dimon has published his annual letter to investors that typically deals with the performance of JP Morgan Chase (NYSE:JPM). This year’s letter that always garners a broad readershp, has taken a different tone as the bank, as well as the rest… Read More

March 19, 2020 @ 7:36 am By Omar Faridi  |  

Chase, part of JP Morgan Chase – the largest bank in the US with over $2.6 trillion in total assets, is planning to shut down around 1,000 of its physical branch locations in order to prevent the further spread of the coronavirus (COVID-19). On March… Read More

January 3, 2020 @ 8:39 am By Omar Faridi  |  

JPMorgan Chase, the largest US bank and the sixth-largest in the world, will reportedly be enforcing stricter security policies and measures by preventing third-party Fintech applications from gaining access to user passwords. The current method of data sharing offers (with permission) several external Fintech apps… Read More