JPMorgan Continues to Outspend Everyone on Fintech

JPMorgan Chase intends to spend close to $600mn more on technology in 2019 than they did in 2018; almost half of their budget goes to change the bank projects, with the rest on upkeep of current technologies; sometime in the next few years there will most likely be a plateau on tech spending at big banks according to Chris Kotowski, analyst at Oppenheimer; JPMorgan CEO Jamie Dimon has said that we can’t afford it should never be an excuse, the bank is clearly showing that they are willing to lead the way. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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