J. P. Morgan Asset Management is announcing a major upgrade to Target Date CompassSM, the groundbreaking tool that advisors use to help plan sponsors make informed target date fund selections.
JPMorgan is to spend £28.6 million to revitalise its Bournemouth Technology and Operations Centre, the firm's operational hub in Europe employing more than 4000 people.
US credit card fraud increased last year despite efforts by firms to beef up their security, according to an Association for Financial Professionals (AFP) survey.
US authorities have charged three men accused of using information hacked from more than a dozen financial service firms in a bid to steal at least $15 million.
Up to 95% of the world's ATMs could be left wide open to hackers next month when Microsoft ends tech support for the Windows XP operating system, the PCI Security Standards Council is warning.
Interbank messaging network Swift has recruited a group of major banks to help develop its centralised KYC utility for the collection and distribution of standard information required by banks as part of their due diligence processes.
The National Retail Federation has called on American banks to follow the lead of JPMorgan Chase and move to chip and PIN credit cards, rather than chip and signature.
JPMorgan Chase has set out plans to cut around 8000 jobs this year as it shrinks branches and pushes self-service and the use of digital channels.
Chase today unveiled a new simple and clear disclosure form for its Chase Liquid® prepaid card.
Capital One has taken a stake in ClearXchange, the US bank-backed clearing house for person-to-person online payments transfer via mobile or e-mail.
© Finextra Research 2014