Sunday, January 29, 2023
  • Login
198 Crowd Funding News
No Result
View All Result
  • HOME
  • VIDEO
  • CROWD SUPPORT
  • ARTICLES
  • NEWS
  • BLOG
  • ADS
  • CROWDFUNDING SOURCES
  • BOOKS
  • SPONSORSHIPS
  • CONTACT
  • HOME
  • VIDEO
  • CROWD SUPPORT
  • ARTICLES
  • NEWS
  • BLOG
  • ADS
  • CROWDFUNDING SOURCES
  • BOOKS
  • SPONSORSHIPS
  • CONTACT
No Result
View All Result
198 Crowd Funding News
No Result
View All Result
Home Crowdfunding News

JP Morgan to Launch Digital Bank in the UK

January 27, 2021
in Crowdfunding News
0
Share on FacebookShare on TwitterShare on Email

[ad_1]

The digital banking sector will get a bit more crowded in the UK following the news that JP Morgan (NYSE:JPM) is planning to launch a digital bank in the country. JP Morgan will follow in the footsteps of Marcus, created by Goldman Sachs, entering the fray to compete with the likes of Revolut, Monzo, Starling Bank, and others.

According to the bank, the digital iteration will be based in London with operations in Edinburgh. Sanoke Viswanathan will be the CEO of the digital bank and the new operation is said to have already hired 400 people with more to follow. Of note, Viswanathan is on the board of Digital Asset and thus he is engaged with the blockchain/digital asset sector.

Gordon Smith, CEO of consumer and community banking for JPMorgan, commented:

“The UK has a vibrant and highly competitive consumer banking marketplace, which is why we’ve designed the bank from scratch to specifically meet the needs of customers here.”

JP Morgan’s presence in the UK harkens back to the late 1700s. According to the bank,  J. Pierpont Morgan’s father, Junius, was in the merchant banking business in London from 1854 until his death in 1890.

No word on branding for the new digital bank. Perhaps, JPM will take a page out of the Goldman playbook and call the new bank Pierpont. Regardless, UK consumers will not have long to find out as the launch is expected within the next few months.

The move by JPM is interesting and represents another attempt to maintain relevance in the Fintech world (remember Finn?). By creating a differentiated product, with leadership tasked to capture market share from other Fintechs, JPM should be better positioned to compete with fast-growing upstarts like Revolut. The UK is one of the most vibrant and robust Fintech ecosystems in the world. If the JPM digital bank gains traction with the Brits expect it to cross the channel and perhaps the Atlantic.

 



[ad_2]

Source link

Tags: BankDigitalLaunchMorgan
ShareTweetSend

Related Posts

Crowdfunding News

Learning To Play Piano Is Made Easy With PopuPiano

June 3, 2022
Crowdfunding News

Solana Teaches Crypto Investors a Critical Lesson

June 3, 2022
Crowdfunding News

Caught naked!? | Crowdability

June 2, 2022
Crowdfunding News

EP #395 The Formula Nebia Towel Used To Raise $167,750 On Kickstarter

June 2, 2022
Crowdfunding News

News Fix: Startups Face a Souring Economy, SpaceX Skyrockets to $125 Billion

June 1, 2022
Crowdfunding News

Top 5 Crowdfunding Campaigns – May 2022

June 1, 2022
Load More
Next Post

U.S. Digital Banking & Lending Startup Milo Attracts $6 Million Through Seed Funding Round Led By QED Investors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST STORIES

Between Music – Crowdfunding video

June 5, 2022

Attacking A Market Failure With Candice Matthews Brackeen

June 5, 2022

Crowdfunding video – Kabeção 1st solo Album – Touching Souls

June 5, 2022

The Gecko – Failure is not an option

June 5, 2022

Roller Kingdom Crowdfunding Video

June 4, 2022

Introduction – Art of Failure with Eli Zelkha

June 4, 2022

Radbahn Crowdfunding Video + Fast Forward Science 2017 Film

June 4, 2022

Jorge Newbery at Failure Lab

June 4, 2022

Outland Denim Equity Crowdfunding Video

June 4, 2022

What I learned about Failure, Loneliness, and Red Lizard at the Spark Fest Cebu

June 4, 2022
Load More
198 Crowd Funding News

Own and operated by The Ike Lemuwa Group, LLC a Commonwealth of Virginia Limited Liability Company, USA.
Info@nigeriasmartnews.com / info@ikelemuwagroup.com
Toll-Free: 1 888 642 8433
3821 Dominion Drive Dumfries, Virginia, 22026. USA

Categories

  • Home
  • Crowdfunding News
  • Blog
  • Articles
  • Sponsorship
  • Crowd Support
  • Crowdfunding Sources
  • Partner with 198TILG Mastermind Platinum Group
  • Video

Recent News

  • Between Music – Crowdfunding video
  • Attacking A Market Failure With Candice Matthews Brackeen
  • Crowdfunding video – Kabeção 1st solo Album – Touching Souls
  • The Gecko – Failure is not an option
  • Roller Kingdom Crowdfunding Video
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2021 198 Crowdfunding News.

No Result
View All Result
  • HOME
  • VIDEO
  • CROWD SUPPORT
  • ARTICLES
  • NEWS
  • BLOG
  • ADS
  • CROWDFUNDING SOURCES
  • BOOKS
  • SPONSORSHIPS
  • CONTACT

Copyright © 2021 198 Crowdfunding News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In