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EXCLUSIVE: This JPMorgan memo shows the bank is 'aggressively' investing in blockchain..

• Business Insider

A note sent to employees by Daniel Pinto, head of JPMorgan's Corporate and Investment Bank, shows that the lender wants to ensure its $9 billion (£6 billion) investment in technology continues in 2016.

Blockchain, big data, and robotics are the focus for JPM. Working groups are also being pushed to develop "market-leading platforms," with no detail on what they might be.

Here's an excerpt from the memo (emphasis ours):

As we look ahead to 2016, one of our major priorities will be to aggressively pursue the innovative technologies that we have been making investments in. Internal working groups have made significant advances this year and will be provided even more freedom to develop market-leading platforms in 2016.

We have also established teams dedicated to areas such as blockchain technology, big data applications and robotics.


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