This report analyzes how 5G will change financial services, focusing on five key applications: mobile banking, authentication and security, insurance and investments, community banking, and operations.
JPMorgan gives in: ‘Yes, you can have your crypto funds’: In a first from a big US bank, JPMorgan is offering some of its retail clients a choice of five funds. This could help the banking giant dissuade customers from moving funds to fintechs—and spur other incumbents to make similar rollouts.
The US banking giant will launch its first international retail presence this week. Its resources, market experience, and patience about attaining profitability suggest that it could be a formidable player.
The growth of investment robo-advisors—algorithm-based account services—spiked last year across the US, the UK, and Canada as investors, especially those belonging to younger populations, took advantage of investment opportunities during the pandemic. For instance, independent robo-advisors Wealthfront and Betterment both reported double-digit increases in account openings during the pandemic.
Its app is mainly used as the front door for clients that they visit most, allowing clients to view investment,banking, and lending assets all in one place, he said. Chatbots: Thirty percent of wealth managers are looking to invest in chatbots and assistance for customer service support, per Capgemini.