JPMorgan and BBVA Making Moves in Fintech

JPMorgan is in talks to invest an undisclosed amount in 10x Future Technologies, the company founded by former Barclays CEO Antony Jenkins; it is likely that JPMorgan will incorporate 10x’s technologies and solutions within its own business in the future; BBVA is launching a fintech accelerator, a nine-month long program aimed at fintech companies; many other large banks also have accelerator programs where they often team up with fintechs that they are nurturing in their own accelerator. Source.

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