Jamie Dimon, chairman and chief executive of JPMorgan Chase, said in his 2021 letter to shareholders that waves of technological innovation are becoming faster and the science behind them increasingly complex as technology, such as artificial intelligence, is “embedded” in more products. He said: “In today’s world, I cannot overemphasize the importance of implementing new technology. https://twitter.com/jpmorgan/status/1510972960110047232?s=20&t=uzu7jSe1HMFKji-hSHc6Kw The bank announced in January this year that total expenses would increase by approximately $6bn, with $2.5bn mostly related to people, travel and entertainment reflecting higher inflation and increasing competition for labor. Dimon wrote: “This year, we announced that the expenses related to investments
Date
19/04/2021
Today the Chancellor of the Exchequer made an announcement as part of UK FinTech Week 2021, welcoming the Bank of England’s new omnibus account model, devised to allow new and innovative financial market infrastructures to access central bank settlement money. Her Majesty’s Treasury and the Bank of England also issued a press release on the publication of this policy. Fnality International
, a private sector initiative supported by 15 major financial institutions, is delighted to announce that it has already made an application and notes this major milestone on its journey to launch innovative DLT based payment systems, together comprising Fnality Global Payments.