J.P. Morgan and Visa have teamed to offer faster domestic payments via Visa Direct. The collaboration, announced Monday (May 6) is designed to improve merchant experiences and empower cardholders for customers of J.P. Morgan Payments. “With Visa Direct’s extensive reach in the U.S., J.P. Morgan Payments will empower merchants, businesses...
J.P. Morgan Chase reportedly unveiled an artificial intelligence-powered tool designed to facilitate thematic investing. The tool, called IndexGPT, delivers thematic investment baskets created with the assistance of OpenAI’s GPT-4 model, Bloomberg reported Friday (May 3). IndexGPT creates these thematic indexes by generating a list of keywords associated with a particular theme that are...
In B2B interactions, faster payments — especially ad hoc payments — may prove to be a competitive advantage. PYMNTS Intelligence found that non-recurring payments represent roughly a quarter of total accounts payable volume. One-third of companies surveyed said improved customer/client satisfaction would be part of improved ad hoc payments....
Earnings season, so far — and chiefly through the big banks — is pointing to some strength in consumer credit. And that strength has been measured through FICO scores detailed by the FIs, in charge-off rates, and in general commentary on spending. Bank of America...
April 10, 2024
The jury is still out as to how artificial intelligence (AI) will affect jobs in the financial services industry. But if the past six weeks have shown anything, it is this: AI is definitely coming for the org chart. The technology’s impact has been felt at major and minor levels for almost every company in […]
April 09, 2024
Friday marks the beginning of earnings season. And, as is always the case, every three months, the big banks will give a glimpse into the state of consumer spending and...
March 06, 2024
In the bid to build out a pan-European card network, will it be different this time? More than a decade ago, the Monnet Project Association, a group of 24 European...
January 16, 2024
As earnings season rolls on, key themes from banks are emerging. Consumers are continuing to engage with their banks via mobile means, and branches are being woven tightly into the...
May 15, 2024
New York Community Bank (NYCB) is selling $5 billion in loans to J.P. Morgan Chase. The sale of these “mortgage warehouse loans” is designed to strengthen the regional bank’s capital and liquidity, according to a Tuesday (May 14) press release. “Consistent with my guidance during our recent earnings call, we are moving forward quickly to implement our strategic plan, […]
May 06, 2024
J.P. Morgan and Visa have teamed to offer faster domestic payments via Visa Direct. The collaboration, announced Monday (May 6) is designed to improve merchant experiences and empower cardholders for customers of J.P. Morgan Payments....
May 03, 2024
J.P. Morgan Chase reportedly unveiled an artificial intelligence-powered tool designed to facilitate thematic investing. The tool, called IndexGPT, delivers thematic investment baskets created with the assistance of OpenAI’s GPT-4 model, Bloomberg reported Friday (May 3). IndexGPT creates these...
April 08, 2024
J.P. Morgan Chase’s board said Monday (April 8) that planning for an orderly CEO transition in the medium term is one of its top priorities. “The board is focused on...
