JPMorgan Chase has agreed to pay nearly half a million dollars to settle a class action lawsuit brought by former prisoners who claimed that the bank was ripping them off with debit card fees.
Virtu Financial, Inc. (NASDAQ: VIRT) a leading technology-enabled market maker and liquidity provider to the global financial markets, today reported results for the second quarter ended June 30, 2016.
Eschewing the usual accelerator route, JPMorgan is setting up an 'in-residence' programme for fintech startups, inviting them to spend six months side-by-side with the banking giant working together on digital answers to the industry's most pressing questions.
Following the lead of Apple, Google and Samsung, Microsoft is bringing contactless payments to Windows 10 mobile phones.
Chase customers can now send and receive money with customers of Bank of America and U.S. Bank in minutes by using Chase QuickPaySM.
Two Israeli men accused of orchestrating a series of hacks on the computers of several US financial institutions as part of an elaborate stock manipulation scheme have pleaded 'not guilty' as they face trial in a Manhattan court
JPMorgan Chase has stepped on the gas as it bids to win the mobile payments race, inking a multi-year deal with Shell that will see Chase Pay accepted at stations across the US.
In the age of fintech, Wall Street aristocracy JPMorgan Chase is loosening its dress code in a bid to shed its stuffy image - although bankers will still be expected to wear pullovers rather than hoodies.
As the world's banks scramble to shore up security in their connections to the Swift interbank payments network, US Securities and Exchanges Commission chair Mary Jo White has described cyber hacking as the biggest risk facing the world's financial markets.
JPMorgan Chase has committed to hiring 1000 US military veterans into technology positions over the next five years.
© Finextra Research 2016