FinTech Magazine November 2019 | Page 61

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JP MORGAN CHASE

[ USA ]

Of the world ’ s leading financial institutions , JP Morgan Chase has one of the biggest technology budgets . In 2018 , according to Research and Markets , the company allocated US $ 10.8bn for tech spending , with $ 5bn being set aside for fintech investment . JP Morgan Chase ’ s mobile offering is regularly updated to reflect customer demand for personalisation and ease of use ; the firm frequently collaborates with fintech leaders to keep it at the forefront of technological changes ; and it is involved in exploring , investing in and developing technologies in areas including blockchain , AI , Big Data , cloud and robotics .
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