JPMorgan Chase Declares Preferred Stock Dividends

JPMorgan Chase & Co | July 15, 2020

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.2 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co.

Spotlight

Did you know we were one of the first insurance companies to fly drones to help our clients? When one of our clients experienced a wildfire, we flew drones to capture imagery and shared the data to help our client control losses. Watch this video to learn how we're using drones to better understand danger zones without risking human lives.

Spotlight

Did you know we were one of the first insurance companies to fly drones to help our clients? When one of our clients experienced a wildfire, we flew drones to capture imagery and shared the data to help our client control losses. Watch this video to learn how we're using drones to better understand danger zones without risking human lives.

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FINTECH

Emprise Bank Selects Treasury Prime as Banking-as-a-Service (BaaS) Partner to Create New Embedded Banking Program

Treasury Prime | November 16, 2021

Treasury Prime, the leading Banking as a Service (BaaS) company, announced today that after a competitive evaluation, Emprise Bank has chosen Treasury Prime as its strategic partner for its new embedded banking initiative. Together, Emprise Bank and Treasury Prime will build a program to enable companies to quickly and easily embed banking services, including bank accounts, payments, and cards, into their products or offerings. The program is scheduled to go live in the first quarter of 2022 and the teams are lining up the first fintech clients. "There has been an explosion of investment in fintech companies and the vast majority of them need a supportive and reliable bank partner so they can build their businesses," said Chris Dean, CEO of Treasury Prime. "Emprise Bank understands what it takes to be a great fintech bank: moving fast, providing clarity and counsel on regulatory issues and compliance, and supporting their clients as they go from launch to growth to scale. Together we're going to power a new generation of fintech and neobank innovation." "The banking industry is rapidly evolving as fintechs and neobanks develop exciting new products and capabilities for their customers," said Emprise Bank Chairman and CEO Matt Michaelis. "We see an extraordinary opportunity to support their efforts by delivering a strong and agile sponsor bank service, in partnership with Treasury Prime, that allows our fintech clients to focus on what they do well. These partnerships will lead to enhanced experiences and improved outcomes for consumers." Embedded finance has become a critical enabler in delivering personalized and relevant solutions as part of someone's daily life. Through our partnership with Treasury Prime, we are able to accelerate innovation, partner with fintechs, do what we do best, and be a meaningful contributor to the rapid evolution of consumer behavior by delivering banking services in new ways." Jason BeckmannEVP Innovation and Strategy "We chose to work with Treasury Prime because our companies have strongly aligned values and Treasury Prime offers a personal touch and a true partnership that goes far beyond a traditional vendor/client relationship," said VP Technology Operations Manager Emily Reisig "They understand our goals of serving fintech clients and give us the ability to do that at scale. Treasury Prime is also the ideal size to be agile as needs change." With each new bank partner, Treasury Prime does a deep and thorough integration into all of the bank's core systems and payments gateways. Treasury Prime then provides an API to make it simple for external clients, like fintech companies or other businesses to embed banking services. With Treasury Prime and Emprise, clients will benefit from direct partnerships with both firms so they can move fast to bring their companies or offerings to market. Treasury Prime is seeing exponential fintech customer growth and is adding a new bank partner every month. About Treasury Prime Treasury Prime is the leading Banking as a Service (BaaS) company that connects banks and fintechs through an API so developers can start building in minutes and launch in days. Treasury Prime's full integration into core banking systems gives developers access to a wide range of banking services from opening accounts to making payments to issuing cards. Treasury Prime is backed by Deciens Capital, Nyca Partners, Pacific Western Bank, QED Investors, SaaStr Fund, Susa Ventures, and Y Combinator. Developers can start building today at https://developers.sandbox.treasuryprime.com/. For more information, visit www.treasuryprime.com. About Emprise Bank Emprise Bank is a customer-focused, purpose-driven financial institution whose mission is to empower people to thrive through personalized solutions and services. Based in Wichita, Kansas, Emprise Bank is FDIC insured with total assets exceeding $2.3 billion. Learn more at emprisebank.com.

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Temenos’ SaaS Technology Allows FlowBank to Create Hyper-Efficient Cost Model and Offer Online Trading and Banking Services

Business Wire | October 12, 2020

Temenos, the banking software company, today announced that FlowBank has selected Temenos Transact delivered as SaaS to power its new digital bank in Switzerland. Temenos Transact core banking technology will enable FlowBank to rapidly launch and offer a new investing experience to private and institutional investors in Switzerland and internationally. FlowBank has recently secured its banking license in July 2020 and is planning to launch the operations by the end of 2020. The bank aims to meet the needs of both sophisticated and new investors, who wish to manage their banking and investments on their own. The bank addresses this growing market segment by offering a simple, reliable investment experience open to all, using an optimized trading platform underpinned by Temenos Transact. The bank is FINMA-regulated and deposits are guaranteed up to CHF 100,000. With Temenos SaaS, FlowBank will create a hyper-efficient cost model and reduce IT costs, which will enable it to go up against established players by offering online trading and banking services at competitive rates. Using cutting-edge technology, Temenos top-performing banks achieve cost-income ratios of 26.8% twice better than the industry average.

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SECURITY AND COMPLIANCE

With C3 AI, FIS Introduces the First in a New Series of AI-Enabled Risk Solutions for the Financial Services Industry

FIS | June 11, 2021

FIS®, a financial technology pioneer, today launched the first in a new series of solutions developed in collaboration with C3 AI to assist capital markets organisations better manage regulatory compliance and risk by leveraging the power of their organisational data. To drastically improve the efficiency of financial crime detection, the AML Compliance Hub combines C3 AI's superior machine learning technology with FIS' extensive financial industry domain understanding. The machine learning-based technology, designed to help capital markets organisations combat the growing threat of financial crime, gathers and analyses client data across various systems to improve AML and KYC processes, improve decision-making, and reduce false positive alerts. Nasser Khodri, Head of Capital Markets at FIS, said, "As an early adopter of AI technology in our solutions, FIS is boosting its investment in machine learning to assist our clients better take advantage of the massive amount of structured and unstructured data within their systems." “AI provides significant promise for forward-thinking financial institutions that wish to tap into their data for competitive advantage, from cost savings through AI-powered automation to enhanced decisioning and analysis.” According to the FIS Readiness Report, 78 percent of capital markets organisations want to invest in AI in 2021 to achieve their strategic objectives. “We believe that AI will become a more important tool for capital markets organisations in a variety of use cases and applications,” said Chartis Research research director Sidhartha Dash. “The ability of AI to aggregate data and use learnings from previous events to automate decisioning has enormous potential in the battle against financial crime. The technology also offers a lot of promise in terms of optimising workflows and lowering expenses connected with time-consuming manual data evaluation processes.” Users can read reports and receive warnings about major risk factors, suspicious activity, and AML score on the FIS Compliance Hub's dashboard. Organizations can focus on serious dangers that require dedicated attention and quick response by eliminating false positives. “Money laundering and other illicit actions are dynamic, fast-moving concerns for the financial services sector, and the data needed to identify financial crimes is scattered across multiple dissimilar systems,” said Ed Abbo, president and chief technological officer of C3 AI. “Present rule-based detection systems generate a large number of false positives, which necessitates time-consuming and inefficient manual review and increases the danger of missing investigations. “The FIS AML Compliance Hub is a next-generation system that can properly identify, prioritise, and report suspicious behaviour while lowering the number of false positives by employing C3 AI's sophisticated capabilities to unify and analyse all relevant data using machine learning." FIS' commitment on partnering with innovative startups to accelerate the delivery of disruptive new technologies and solutions into the market is reflected in its cooperation with C3 AI. About FIS FIS is a global leader in providing technology to merchants, banks, and capital markets organisations. Using our scale, deep experience, and data-driven insights, our people are dedicated to improving the way the world pays, banks, and invests. We assist our clients in utilising technology in novel ways to solve business-critical challenges and provide outstanding consumer experiences. FIS is a Fortune 500® business with headquarters in Jacksonville, Florida, and is a member of the Standard & Poor's 500® Index. About C3.ai C3.ai is a leading provider of Enterprise AI software that helps businesses accelerate their digital transformation. C3 AI offers a suite of fully integrated products, including C3 AI® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution for applying data science to a variety of applications. The C3 AI platform is built on an open, model-driven AI architecture that makes data science and application development much easier.

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