German digital bank N26 has become Europe's most highly valued non-listed fintech startup following a $300 million fundraising round that prices the company at $2.7 billion.
US bank JP Morgan has hired a former Google executive as its new head of artificial intelligence (AI) and machine learning (ML).
RobinHood, meet the Sheriff of Nottingham. JP Morgan Chase is entering the retail investing business, launching an app that lets its millions of customers make free trades.
truePTS, the automated trade processing platform for derivatives, has processed its first buy-side trades with J.P. Morgan and Citadel, as demand grows across the industry for a fully-integrated allocation and validation platform.
Warren Buffett, arguably the world's most successful and respected investor, has issued a scathing assessment of cryptocurrencies and predicted a "bad ending" for the current bitcoin boom.
Bank's IT departments are unable to pursue innovation with the latest digital technologies because they have lost influence in the boardroom with senior managers that do not properly understand new technology.
Some of America's biggest financial institutions, including American Express, Bank of America, JPMorgan and Wells Fargo, have set up a new company that will carry out risk assessments on suppliers and partners.
American bank-owned ACH The Clearing House (TCH) has launched its real-time payments system (RTP), helping to usher the country into the 21st century.
A recently published report states that, contrary to the fears of Brexit-sceptics, the UK's exit from the European Union will create as many as 80,000 new jobs - the majority of which will be in financial services. The only problem for Brexiteers is that the jobs will be in Frankfurt rather than London.
Robots, artificial intelligence and other forms of automation could take over almost a third of investment banking jobs within just a few years, according to a recent report from consultant McKinsey.
© Finextra Research 2019