Digital Asset Holdings, the blockchain startup helmed by former JP Morgan luminary Blythe Masters, has raised more than $50 million in a funding round joined by some of the biggest names in financial services, including Citi, Deutsche Börse and Santander InnoVentures. One of the investors, the ASX, has also handed Digital Asset a contract to design a post-trade settlement system using distributed ledger technology.
Digital Asset Holdings, the blockchain startup helmed by former JP Morgan luminary Blythe Masters, has brought onboard more banking heavyweights and opened a London office.
Bloomberg's second-largest client, JPMorgan, is reportedly preparing to pull the plug on the market data firm's expensive proprietary terminals in a move that would save the bank up to $36 million per year in charges.
Just weeks after falling victim to a massive cyber theft of customer assets, JPMorgan sent a fake phishing email to all employees to test their reaction. You can probably guess what happened next.
The Securities and Futures Commission (SFC) has reprimanded J.P. Morgan Broking (Hong Kong) Limited (JPMBHK), J.P. Morgan Securities (Asia Pacific) Limited (JPMSAP) and J.P. Morgan Securities (Far East) Limited (JPMSFE) (collectively “JP Morgan”), and fined them $15 million, $12 million and $3 million respectively for various regulatory breaches and/or internal control failings.
US bank JPMorgan Chase and Co has recruited the technology heads of two FTSE100 companies to serve as non-executive directors, according to a report by the Wall Street Journal.
JPMorgan Chase has become the latest bank to team up with an alternative lender, striking a deal with OnDeck Capital to deliver loans to its small business customers.
To help merchants implement Chase PaySM, Chase will work with the following technology companies:
Apple is in talks with some of America's biggest banks about launching a Venmo-style mobile person-to-person payments service, according to the Wall Street Journal.
US prosecutors have unveiled charges against three men accused of hacking into a host of major financial institutions, including JPMorgan Chase, and stealing the data of millions of people.
© Finextra Research 2016