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.
Cloud9 Technologies LLC, a cloud-based voice trading communication provider for financial firms and institutional traders, announced today the closing of an initial investment round with J.P. Morgan, ICAP, and Barclays.
Four major banks, the DTCC and Markit have announced the completion of a successful test of the use of distributed ledger technology and smart contracts to manage post-trade processes in the credit default swaps market.
Chase Bank has been barking up the wrong tree, halting a disabled dog owner's online payment because of a mix up over the mutt's name and terrorist outfit Isis.
JPMorgan Chase is testing the use of distributed ledger technology to move US dollars between London and Tokyo, working with about 2200 clients on the trial ahead of possible live transactions later in the year.
The Financial Solutions Lab (FinLab), an innovation programme created by the Center for Financial Services Innovation (CFSI) and founding partner JPMorgan Chase, has opened applications for a £3 million, two-year challenge to address financial shocks.
Markit has acquired syndicated loan technology from JPMorgan in a bid to ease third party connectivity issues for market participants and shorten loan settlement timeframes. Financial terms were not disclosed.
JPMorgan has begun a trial project to test the use of blockchain technology in its loan trading operations, according to a report in the Financial Times.
© Finextra Research 2016