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Tech spend down at JPMorgan Chase with shift to cloud

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Technology spend in the third quarter was down slightly for JPMorgan Chase, despite the $3.7 trillion bank’s announcement last month that it would replace its U.S. retail core banking suite with cloud-based technology from U.K. fintech Thought Machine. JPMorgan Chase, which reported Q3 earnings today, spent $2.5 billion in Q3 on technology, communications and equipment, […]

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Source: https://bankautomationnews.com/allposts/retail/tech-spend-down-at-jpmorgan-chase-with-shift-to-cloud/

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