JPMorgan Chase stories

Marqeta has hired veteran payments executive Patti Kangwankij as CFO, completing a leadership reshuffle under chief executive Mike Milotich.

Banks are turning apps and accounts into ad space, with SAS tipping media networks to lift non-interest income by up to 30% within two years.

Mphasis appoints tech and banking veteran Punit Sood as independent director to bolster its AI-led push into global finance clients.

US banks tighten grip on AI patents in finance, with a small North American elite racing ahead as European rivals fall further behind.

Despite billions invested in AI, financial firms see slow adoption as solutions must prioritise trust, transparency, and augment human judgement over automation.

IBM launches Digital Asset Haven, a secure blockchain platform for institutions, combining advanced custody features across 40+ blockchains from late 2025.

ŌURA's Oura Ring sales surpass 5.5 million, doubling revenue to USD $500 million in 2024 with plans to reach USD $1 billion by 2025.

New research reveals 84% of fintechs lack robust API security, exposing sensitive payment data to significant cyber risks beyond regulated sectors.

MirrorWeb has launched Sentinel, a platform using AI to cut false compliance alerts by 90%, helping firms tackle rising risks from digital communication tools.

Kumail Nanjiani will headline Datadog’s DASH conference in New York, speaking on creativity under pressure on 10-11 June 2025.

Allvue Systems boosts its AI and data capabilities with a 70% R&D budget rise and key hires, aiming to enhance tools for alternative investment markets.

Goldman Sachs is at the forefront of an AI revolution in banking, with a new report revealing 167 AI applications across global banks, shifting industry norms.

Senetas has sold its subsidiary Votiro to Menlo Security for USD $37.5 million, a strategic move expected to enhance its position in the cybersecurity market.

Databricks has secured USD $10 billion in Series J funding and a USD $5.25 billion credit facility to enhance its AI capabilities and global reach.

Nearly one-third of the world’s largest banks now disclose AI use cases and ROI, with UK banks like Barclays and NatWest tripling AI references over the past year.

GTreasury partners with Necto to expand API connectivity in APAC, enhancing its ClearConnect Gateway with seamless data integration from additional regional banks.

UK and European banks ramp up AI recruitment to boost workforce productivity, with a 12% rise in AI roles in UK banks and Deutsche Bank and Santander leading efforts.

AI-driven roles in US and European banks show robust growth, doubling overall headcount growth despite job cuts, according to Evident report.

The banking industry is seeing a significant acceleration in AI innovation, with a rise in new patents and research publications.

GTC 2024 by NVIDIA sets to break convention with its hybrid model and a robust focus on AI, serving as a fertile ground for collaborative AI development.