Tagged: jpmorgan

January 6, 2021 @ 8:46 pm By Omar Faridi  |  

Bitcoin (BTC), the leading digital currency, continues to set all-time highs while the US dollar keeps falling (but still remains the world’s most dominant global currency). Notably, Bitcoin is now being supported by even more Wall Street giants. The OKCoin team has noted: “We’ve said… Read More

December 4, 2020 @ 7:08 pm By Omar Faridi  |  

The Tifin Group, a Boulder-headquartered VC company that focuses on the Fintech sector, has reportedly sold off 55 Institutional Partners LLC, a financial tech firm known as 55ip, to JPMorgan’s asset management unit. 55ip has created tax automation software solutions for investment advisors. The terms… Read More

December 4, 2020 @ 7:42 am By Omar Faridi  |  

The team at Security Token Advisors, which aims to “reinvent” finance with security tokens, reveals that the world’s top 100 banks in terms of assets under management (AUM) are learning how to “reinvent themselves” with blockchain or distributed ledger technology (DLT). The Security Token Advisors… 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 @ 1:57 pm By Samantha Hurst  |  

UK-based fintech firm Nutmeg announced on Wednesday it has joined forces with JP Morgan Asset Management to launch Smart Alpha portfolios. Nutmeg reported that Smart Alpha portfolios are underpinned by the duo’s shared commitment to sustainable investing.  “Today, Nutmeg and J.P. Morgan Asset Management have joined forces to create a truly pioneering product that… Read More

October 30, 2020 @ 8:22 am By Omar Faridi  |  

UK-based Icon Solutions, a payments tech firm, has reportedly received an equity investment from JPMorgan, the world’s sixth-largest bank in terms of total assets. The value of the investment has not been shared publicly. Icon Solutions notably counts major institutions including BNP Paribas, HSBC and… Read More

October 27, 2020 @ 9:43 am By JD Alois  |  

JPMorgan’s (NYSE:JPM) JPM Coin is being used live today by a “large international technology company that is using it for round-the-clock cross-border payments,” according to a report. JPM Coin was revealed back in early 2019. More of a stablecoin, the digital currency is viewed as… Read More

October 3, 2020 @ 8:45 am By Omar Faridi  |  

JPMorgan, the largest US bank and the world’s sixth largest in terms of total assets, is reportedly working with Fintech firm Affinity Capital Exchange, in order to develop new types of financial assets – which will be based around the trading of loyalty point portfolios…. Read More

September 24, 2020 @ 8:26 am By Omar Faridi  |  

Brazil-based FitBank Pagamentos Eletronicos SA, a Fintech firm backed by JPMorgan Chase, one of the world’s largest banks in terms of assets and scope of operations, is planning to establish an additional business office in the US during the first half of next year. The… Read More

September 14, 2020 @ 8:06 am By JD Alois  |  

Nesta has launched a £2.8 million Rapid Recovery Challenge to encourage Fintechs, among other entities, to come up with solutions to help workers impacted by COVID-19. Nesta is encouraging Fintechs to participate in the challenge where individual firms may win up to £475,000 plus other… Read More

September 5, 2020 @ 2:29 pm By JD Alois  |  

Singapore recently completed a pilot program for a blockchain-based multi-currency payments network prototype. Project Ubin, launched in 2016, engaged with several private parties as well as government entities seeking to better understand the benefits of blockchain technology. The prototype was developed in collaboration with JPMorgan (NYSE:JPM) and… Read More

August 23, 2020 @ 10:59 pm By Samantha Hurst  |  

JPMorgan Chase, the largest bank in the US and sixth-largest in the world in terms of assets, is planning to launch a UK challenger bank in the first quarter of 2021, Sky News recently reported. The media outlet revealed that the launch is considered a… 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

July 13, 2020 @ 10:22 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) and Temasek have published the final report on a blockchain trial. The report, “Project Ubin Phase 5: Enabling Broad Ecosystem Opportunities” shares insights into the blockchain-based multi-currency payments network prototype that was built and describes how the network could… Read More

July 10, 2020 @ 9:23 am By JD Alois  |  

Taulia, a top supply chain financing Fintech is raising $60 million, according to the company. Big-name investors are participating in the round including JPMorgan, Ping An, Saudi Aramco, and existing investors including Zouk Capital. CEO of Taulia, Cedric Bru said the funding round is a… Read More

June 5, 2020 @ 8:25 am By JD Alois  |  

Cloud9 Technologies has closed on a $17.5 million Series B funding round led by global bank UBS, with participation from existing investors including JPMorgan and Barclays. Cloud9 has developed a product that uses the “voice communication talk path” for the “trading floor of the future.”… Read More

May 22, 2020 @ 6:46 pm By JD Alois  |  

  Last week it was reported that JPMorgan (NYSE:JPM), one of the largest banks in the world and the doyenne of Wall Street big banks, is providing banking services to both Coinbase and Gemini. More specifically, JPMorgan is providing cash management services like wire transfers,… Read More

May 12, 2020 @ 8:10 am By JD Alois  |  

According to a report in WSJ.com, JPMorgan is now offering banking services to two well known digital asset exchanges – Coinbase and Gemini. Typically, digital asset exchanges have been shunned by big banks as compliance officers have viewed the risk as too large fearing the… Read More

May 12, 2020 @ 7:23 am By Omar Faridi  |  

UK-based digital bank Monzo has reportedly hired David Laramy, the former head of fraud at JPMorgan Chase. Laramy will be serving as Monzo’s new vice president and head of its global financial crime division. Laramy’s appointment has come shortly after the banking challenger appointed former American… Read More

April 28, 2020 @ 8:26 am By JD Alois  |  

Taulia has officially announced a strategic alliance with the largest US Bank JPMorgan (NYSE:JPM). According to a release, the partnership is said to create a unique trade finance solution for JPM clients. Crowdfund Insider covered the partnership this past weekend. Going forward, JPMorgan’s clients will… Read More