JPMorgan, Indian banks team on blockchain-powered settlement system
JPMorgan has teamed with Indian banks to test the potential of blockchain technology to provide 24/7 settlement services for Indian FIs.
JPMorgan backs Indian PayTech ISG
JP Morgan has provided a strategic investment in leading Indian payment solutions provider In-Solutions Global (ISG).
FinTech for low-income families Propel nets $50m
Propel, a FinTech company designed to help low-income families in America to improve their financial health, has reportedly raised $50m.
Thought Machine doubles valuation to $2.7bn
Cloud-native banking technology developer Thought Machine has reached a $2.7bn valuation after the close of its Series D on $160m.
The five biggest compliance failure fines of 2021
As another challenging year comes to an end, the task for organisations to remain compliant in new working environments is still ongoing. Despite firm efforts by many to avoid penalties, some institutions were unable to duck fines last year. Here are the top five compliance failure fines from the year of 2021.
SEC punishes JPMorgan for recordkeeping failures with $125m fine
The Securities and Exchange Commission (SEC) has fined JPMorgan $125m due to ‘widespread and longstanding failures’ by the bank to maintain and preserve written communications.
Cybersecurity company Enso Security closes its seed round on $6m
Enso Security, which builds application security posture management, has closed its seed round on $6m.
JPMorgan will block any FinTech not following its new cybersecurity rules...
FinTech companies have until the summer to get on board with JPMorgan’s new data access agreement or risk being cut off from accessing the investment bank’s data.
JPMorgan Chase and Envestnet | Yodlee sign data sharing agreement
Envestnet | Yodlee, the data aggregation and analytics platform, has entered a partnership with JPMorgan Chase, the investment bank JPMorgan’s community and consumer banking arm.
JPMorgan and Goldman Sachs reportedly refused involvement with Facebook-backed cryptocurrency Libra
Investment banks JPMorgan and Goldman Sachs are no strangers to betting on big tech ventures, but even they seem to have shunned Libra.
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