Currently, Bank of America’s only competitor to have its own stablecoin is JPMorgan, with JPM Coin. But it’s limited to institution-to-institution use, per CNBC. How we got here: President Trump’s initial cabinet picks and executive orders signaled a favorable environment for cryptocurrency ahead, and financial institutions (FIs) naturally want to participate.
Article
| Feb 28, 2025
The news: The Consumer Financial Protection Bureau (CFPB) dismissed its lawsuit against Zelle-owner Early Warning Services (EWS) and three of its member banks, JPMorgan Chase, Bank of America, and Wells Fargo. The lawsuit claimed EWS and the banks failed to protect consumers from more than $870 million in fraud over Zelle’s seven-year existence due to the banks’ inaction.
Article
| Mar 4, 2025
Delta expects Q1 revenues to be roughly $500 million lower than its previous guidance, CEO Ed Bastian said at the JPMorgan Industrials Conference. The airline also halved its profit forecast to $0.30 to $0.50 per share. American Airlines is projecting flat revenues this quarter, a sizable downgrade from its prior estimate of up to 5% growth.
Article
| Mar 11, 2025
JPMorgan Chase COO Jennifer Piepszak said the bank is "cautiously optimistic" at a Bank of America conference. She reiterated that “the underlying economic environment is still very strong.”. Citi CEO Jane Fraser said that despite the tariffs, “2025 doesn't look that different from '24,” during the issuer's Q4 earnings call.
Article
| Mar 6, 2025
JPMorgan Chase and Citi both reported higher-than-expected earnings in Q2 2024. Moreover, they were buffered from crises in commercial real estate and banking as a service that pummeled smaller peers. They’re now funneling some of this profit into advertising.
Report
| Oct 4, 2024
For example, JPMorgan will require its employees to work in the office five days per week, according to Fortune. What this means for banks: Cybersecurity incidents cost banks money and customer trust, and many banks are vulnerable with significant gaps. Seventy-nine percent of FIs reported unauthorized access in the last year.
Article
| Feb 7, 2025
JPMorgan Chase uses the technology in-house to customize offers for its credit card customers. Other top credit card issuers may also have the resources to implement in-house solutions. Mastercard layers genAI-powered targeted offers into its Smart Subscriptions solution, which it sells to financial institutions with fewer in-house resources.
Report
| Oct 25, 2024
JPMorgan and Capital One dominated the top spots across all categories, demonstrating their investment in expert staff.
Article
| Nov 17, 2023
JPMorgan Chase made headlines in April by announcing its new ad business, followed by PayPal in May. They were the most high-profile FIs to do so yet—signaling that FMNs could be a meaningful new revenue stream for the financial services industry. FMNs will remain a niche—yet massively growing—space.
Report
| Dec 10, 2024
How banks have responded: Despite scrutiny, JPMorgan and Goldman Sachs stated at Davos that they’re committed to maintaining DEI initiatives, per MSNBC. When asked about investors’ push against DEI in a CNBC interview, JPMorgan’s CEO Jamie Dimon responded, “bring them on.”.
Article
| Jan 28, 2025
GenAI-powered personalized offers from major players are already on the market: JPMorgan Chase, for example, uses the technology to customize offers and discounts for its credit card customers. Building out and training proprietary LLMs is beyond the resources of most smaller players, but off-the-shelf options exist.
Report
| Sep 26, 2024
JPMorgan Chase uses AI to analyze massive data sets to generate marketing copy that performed better than human-authored content. In its “Clustomer” campaign, Intuit Mailchimp used AI tools like DALL-E and Midjourney for rapid concept visualization, efficient testing and refinement, and multilingual adaptation.
Report
| Oct 15, 2024
“Geopolitical conditions remain the most dangerous and complicated since World War II,” JPMorgan CEO Jamie Dimon said. Worsening consumer financial health could crimp spending and raise delinquencies and charge-offs for issuers. But so far, some are holding on to “cautious optimism,” per Citi CFO Mark Mason said, heading into 2025.
Article
| Jan 16, 2025
JPMorgan and Capital One contribute to open-source projects that develop AI and how banks use it. This type of collaboration also helps them attract top talent by offering opportunities to work on cutting-edge projects with real-world applications. Banks that actively contribute to open-source projects gain recognition within the tech community as forward-thinking organizations that drive innovation.
Article
| Jan 23, 2025
Retail media’s rapid growth has spurred nonretail verticals to harness their first-party data to fuel their own commerce media networks. Retail media spending still dominates the commerce media landscape, but distinct challenger cohorts are finding their footing.
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| Feb 14, 2025
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| May 28, 2025
Source: Catchpoint
JPMorgan reported a record annual profit of $58.5 billion—becoming the first bank to top $50 billion in annual profit, per CNN. Citibank recorded a $2.9 billion profit in Q4 2024, a strong departure from its $1.8 billion loss in Q4 2023. Goldman Sachs, Morgan Stanley, and Bank of America reported Q4 2024 profits that more-than doubled since Q4 2023, per Yahoo Finance.
Article
| Jan 17, 2025
Since then, Capital One, American Express, and JPMorgan Chase have all reportedly been involved in discussions about taking over the portfolio. Why hasn’t there been a new deal yet? Apple and Goldman have a nontraditional partnership, which likely cut into Goldman’s profits from the venture. A new issuer will have to accept these terms or negotiate concessions.
Article
| Jan 16, 2025
JPMorgan and Bank of America offered mortgage forbearance to affected customers, allowing them to pause or reduce loan payments, per Reuters. And several banks have donated to charitable relief efforts or to their foundations to support long-term recovery. The impact of climate change: These tragedies have a steep cost for banks:.
Article
| Jan 17, 2025
US banks are optimistic and in “go mode,” according to JPMorgan Head of Asset Management Mary Erdoes—and they’re preparing to seize all growth opportunities that arise from regulatory rollbacks, per PYMNTS. We will closely track any regulatory changes that result from the president’s future executive orders or from changes in regulator leadership.
Article
| Jan 24, 2025
JPMorgan Chase. Klarna. PYMNTS.com. Zip.
Report
| Oct 10, 2024
JPMorgan Chase. Liberty Street Economics. NCSL. PayPal. PYMNTS.com. Stripe. Target. Trustly. Visa. Walmart. Worldpay.
Report
| Feb 27, 2025
The P2P player was able to make this pivot thanks to the success of its integration in banks’ apps, which currently lead to 98% of its transactions
Article
| Apr 1, 2025
Incumbents like HSBC, CIBC, and JPMorgan Chase have also launched mass affluent products. Alternative data is the key to identifying mass affluent consumers. Banks have increasing access to alternative data sources and vendor solutions to help them identify and segment mass affluent consumers. These include:. Alternative wealth assessment.
Report
| Aug 30, 2024
From the rise of sophisticated AI-driven tools to new policies reshaping data privacy and competition, 2025 promises to be a year of relentless change. Companies that adapt will thrive, while others risk being left behind in a swiftly moving market.
Report
| Nov 14, 2024