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JPMorgan Has Mixed Emotions About China’s FinTech Situation

Tuesday, Apr 09 2019
News
Written by  FinTech News Brief Staff
JPMorgan Has Mixed Emotions About China’s FinTech Situation

Jamie Dimon, the CEO of JPMorgan Chase & Co., said he is both “impressed and a little worried” about China’s fintech progress. So reports Bloomberg.

After sending executives overseas, Dimon said his management team is motivated to make adjustments. The travelling executives visited companies employing machine learning for new accounts as well as firms that use smartphone images to quickly pay claims. Dimon noted the importance of technology, while also pointing out JPMorgan has not always adapted to changes as fast as it should.

Read the full article from Bloomberg.

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