J.P. Morgan Payments has unveiled two new proprietary payment terminals that integrate in-store biometric authentication with payment capabilities. The terminals — a payment tablet called J.P. Morgan Paypad and a payment pin pad called J.P. Morgan Pinpad — are scheduled to be released in the...
America’s biggest banks apparently have Donald Trump to thank for a successful quarter. Banking giants are set to report $31 billion in profits for the last three months of last year, fueled by a surge in trading and dealmaking following the U.S. presidential election, the...
While the cryptocurrency market continues to oscillate between hype and real-world potential, many of the world’s biggest banks have for years been quietly cutting their teeth on the technology that underpins it: blockchain. For at least the past few years, a handful of pilot initiatives...
Wells Fargo has reportedly hired the former head of JPMorgan Chase’s branded credit card business, Ed Olebe, to lead its own credit card business. Olebe left JPMorgan Chase late last year, was succeeded in his position at that bank by Chris Reagan, and will take over for Ray Fischer...
October 11, 2024
As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday (Oct. 11), consumer spending, in the words of CFO Jeremy Barnum, is seeing a period of “normalization” as consumers are on “solid footing.” Spending growth is still growth. “I think […]
October 02, 2024
The private credit market is booming — and has the potential to reshape lending, and risk, too, in financial services. Generally and conceptually speaking, the private lending market, estimated by...
July 22, 2024
T.S. Eliot wrote that the world would end not with a bang but a whimper. It may be the case that the unstoppable wave of consumer spending may end that...
May 28, 2024
Following a trend that has been predicted since JPMorgan Chase announced Chase Media in early April, PayPal has announced the creation of a new advertising division, PayPal Ads, which aims...
January 21, 2025
Goldman Sachs has introduced an AI assistant for its traders, bankers and asset managers. Marco Argenti, the bank’s chief information officer, tells CNBC in an interview published Tuesday (Jan. 21) that it’s part of a larger artificial intelligence (AI) program that will ultimately take on the traits of a Goldman Sachs (GS) employee. The GS AI Assistant has […]
January 13, 2025
J.P. Morgan Payments has unveiled two new proprietary payment terminals that integrate in-store biometric authentication with payment capabilities. The terminals — a payment tablet called J.P. Morgan Paypad and a...
January 13, 2025
America’s biggest banks apparently have Donald Trump to thank for a successful quarter. Banking giants are set to report $31 billion in profits for the last three months of last...
January 09, 2025
Wells Fargo has reportedly hired the former head of JPMorgan Chase’s branded credit card business, Ed Olebe, to lead its own credit card business. Olebe left JPMorgan Chase late last year, was succeeded...
