So much has happened with blockchain over the past couple of weeks—so very much—but let’s talk about the banks: Firstly, Bank of America is the latest to join the ranks of financial institutions experimenting with blockchain. Bank of America Merrill Lynch recently announced at Sibos that it was collaborating withRead More
Post Tagged with: "JP Morgan Chase"
JPMorgan Chase was among five banks that were reported to have been hacked earlier this year, and details have emerged on how the hack took place.
Apple isn’t the only company to suffer a security breach in the last few days. You may have noticed some garbled posts employing broken English and offering for sale Louis Vuitton handbags and Christian Louboutin shoes on our site earlier today. Those posts were not from Bank Innovation.
Uber, the red-hot transportation startup, may move some of its payment processing to JPMorgan Chase from longtime partner Braintree, Bank Innovation has learned.
If you know bitcoins, Capital One Financial Corp. wants to hire you. Specifically, Cap One is looking to hire data scientists with extensive knowledge of Bitcoin, cryptocurrency, and other emerging technology, according to a job posting on its career page. First noted by Coindesk, the job posting is for aRead More
Another payments company is backing off digital wallets. MasterCard CEO Ajay Banga, speaking in a fireside chat today at the JPMorgan Chase Global Technology, Media, and Telecom Conference in Boston, talked mobile payments and said, “I don’t want to be in the wallet business.” Banga said that he didn’t thinkRead More
JP Morgan Chase is planning a major redesign of its retail banking iPhone app. Chase, the retail arm of JPM, told customers today that its newly redesigned app will be released later this month. According to Chase, the new app will include the following features: Simpler, more-streamlined login; Design modificationsRead More
Lost amid the waterfall of news this week was the fact that the average profit on mortgages has fallen to their lowest point since the Mortgage Bankers Association started recording the data in 2008. Last quarter, mortgages paid lenders an average profit of $150. It was $743 in the fourthRead More
I now have at least four digital devices that I use for various chores. The latest, a Google Nexus 10 Tablet, has taken up residence on my night table within the last couple of weeks. Oddly, however, I have grown to appreciate not the technology of innovation, but the humanRead More
No one who reads my blog will be surprised to learn that 1 in 4 Americans are underbanked. But I do see quite a few raised digital eyebrows when I point out that these 80 million consumers spend almost $80 billion on fees and interest for the most basic of financial services every year. While […]