JP Morgan is reportedly planning on hiring hundreds of staff in the new year for its UK digital bank, Chase.
Sanoke Viswanathan, head of JP Morgan’s international consumer business, told Reuters in an interview that the bank wanted to take staff numbers over 1,000 in order to support products in savings, consumer lending, and investment.
According to the report, Viswanathan said the venture had already hired 200 staff since it launched in September.
The total headcount is now at 800.
"We had a plan, and we are definitely ahead of it," Viswanathan told the news agency. "We want to be in all the major European markets over time, all being well.
“The idea is to be pan-European."
In the UK, the bank is planning to extend its existing savings and investment products via an integration with Nutmeg, the digital wealth manager, said the report.
JPMorgan Chase officially announced the launch of its new digital bank in October. [link]
Latest News
-
Allica bank buys Kriya as challenger sets sights on £1bn SME lending
-
Canada to launch Financial Crimes Agency as part of anti-fraud measure
-
Innovate Finance partnership to develop Real-Time Industry Classification for RegTech
-
FCA exec says Open Banking payments ‘on cusp’ of becoming ubiquitous
-
Allica Bank ‘waiting on sidelines’ for Open Finance due to unclear regulation
-
HSBC appoints former NatWest CEO to lead UK business
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories