JPMorgan Commits $25M For Altruistic FinTech Services

Monday, September 30, 2019

JPMorgan Chase is committing $25 million to its Financial Solutions Lab in an effort to help grow and develop FinTech solutions for people in underserved communities.

The money will help the lab invest in ways to help people and work on a specific model for the demographic. The financial institution is also opening a new branch in Harlem that is specially designed for the community it serves, the bank said in a press release.

“What we are doing in Harlem is inspiring our work in other communities across the country,” said Thasunda Brown Duckett, CEO of Chase Consumer Banking. “We will continue to make our branches community destinations, strengthening relationships with community partners and investing in FinTech that can help serve people and their personal financial journey, wherever they are.”

Photo courtesy of Anaya Katlego.

Source: PYMNTS (link opens in a new window)

financial health, financial inclusion, fintech