January 27, 2021: On Wednesday, the biggest U.S. bank by assets said it is planning to expand its retail presence to the U.K. for the first time. It is only offering services via a mobile app instead of traditional bricks and mortar branches.
JPMorgan’s first product, which is being tested after its release later this year, will be a checking account that will be followed by a “range of products” including credit cards and home loans, according to a person with knowledge of the plans.
“We are bringing Chase to the U.K. because we want to provide customers with a new banking choice, that will enable them to benefit from a simple and exceptional banking experience, built on the significant capabilities of JPMorgan Chase,” said Gordon Smith. He runs JPMorgan’s retail banking division.
“The U.K. has a highly vibrant and competitive consumer banking marketplace, which is why we’ve designed the bank from scratch to meet the needs of customers specifically,” he said.
In recent years, reports that JPMorgan was working on a secretive project in the U.K. emerged after the bank listed job openings for technical positions.
In 2019, TechCrunch reported that the bank was in the early stages of creating a retail digital bank in the U.K. after shuttering a similar offering in the U.S. called Finn. Bloomberg first reported on the official rollout of the U.K. product.
The announcement comes after news that Dimon has admonished his management team about the rise of fintech competitors. Square and PayPal have surged in market capitalization in recent years, fueled in part by wallets’ viral success that is increasingly becoming full-service digital bank accounts.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
AspenTech, a Massachusetts-based company, plays a pivotal role in the oil and gas industry by leveraging cutting-edge technologies, including AI (artificial intelligence). Let’s delve into how AspenTech contributes to this dynamic sector
It’s no secret that oil and gas is a boom-and-bust industry. Production is currently up, projected to increase to 13.7 million barrels daily in 2024. But this won’t last forever. Whether production is up or down, the key to maximizing production, optimizing efficiency, and taking advantage of increased profits is innovation, digital transformation,and automation.For stakeholders looking to deliver safer, more efficient, and cheaper energy, innovation and automation must be a top priority. Those who fall behind in the race to innovate, ultimately, run the risk of losing market share.
Talking to Thomas Hundertmark, a senior partner in McKinsey’s Houston office, Darren Woods is chairman and CEO of ExxonMobil made some crucial points and also gave some insights on what the conglomerate was doing in order to save the climate.
When Darren Woods took the reigns of ExxonMobil six years ago, no one could have anticipated that the Kansas resident would soon face what Texas oil patch vets call “a whole pile of trouble.” Three years later, the oil market collapsed during the COVID-19 pandemic, which dealt the 140-year-old oil organization its first annual upset in four decades.
Today oil and gas producers face severe regulatory and public relations obstacles due to the concern with greenhouse gases and resource depletion. Calgary-based start-up, Advanced Upstream (“AU”), has been disrupting the oil and gas industry with simple and reliable innovative technologies. AU’s products help the oil and gas producers to enhance energy production while reducing the corresponding environmental impact. By decreasing personnel and time on site, and lowering overall HSE risks across the board, the clients can see a notable improvement in their ESG rating, contributing to their bottom line.
Jasmin Staiblin, Chief Executive Officer of ABB Switzerland, says, “Global energy consumption continues to grow and, if left unabated, will lead to an ever-greater risk of irreversibly changing our climate. To take advantage of more sustainable energy sources, the energy landscape is in a state of profound change to allow the integration of increasing amounts of renewable energy sources into the grid, to allow infrastructure to run more intelligently and efficiently, and to ensure the supply of energy is available at all times.
The activation of the Fallon Two Rock solar farm project has recently bolstered the Californian energy …