JPM Chase Names J.P. Jolly Head of Commercial Banking Payments Solutions

JPMorgan Chase has named Hubert J.P. Jolly the new head of payments solutions for its commercial banking business.

Jolly is co-head of global corporate and eCommerce sales at J.P. Morgan Payments, the company said in a Tuesday (Dec. 5) press release emailed to PYMNTS.

In his new role, Jolly will help deliver JPMorgan Chase Commercial Banking’s payments, liquidity and account solutions to clients, according to the release.

“In this role, J.P. and his team will be focused on identifying, developing and commercializing integrated payments solutions for its clients, including high-growth startups, midsize businesses, government entities, not-for-profit organizations, large corporations and commercial real estate investors, developers and owners,” the release said.

Before joining JPMorgan Chase in 2020, Jolly was head of treasury services for Bank of America’s commercial bank, per the release.

In his new role, he will report to Doug Petno, CEO of Commercial Banking, and have accountability to Takis Georgakopoulos, global head of payments, according to the release.

“We’re excited about the opportunities ahead and look forward to continuing to build momentum under J.P.’s leadership,” Petno and Georgakopoulos said in a joint statement.

Commercial banking is primed to refashion commercial payments and make them more user friendly by helping businesses of all sizes scale more easily by deepening their ties to the connected economy, Sam Yen, chief innovation officer for Commercial Banking at JPMorgan Chase, told PYMNTS in an interview posted in November 2022.

“Technology is not as scary as it once was,” Yen said, noting that while businesses are more open to new ideas today than in the past, it’s also important for financial institutions and their clients not to get too hung up on the details of payment modalities or the hardware and software aspects, which are just “instruments and tools.”

PYMNTS Intelligence has found that corporate banking clients are becoming increasingly demanding when it comes to getting advanced digital tools and support from their financial institutions.

Whether it’s a small to medium-sized business (SMB) or a large corporation, business leaders have cranked up their acceptance of and need for digitization across their empires, according to the “Next-Gen Commercial Banking Tracker®,” a PYMNTS and FISPAN collaboration.