Thursday, December 17, 2015

JP Morgan wants banker bot

JPMorgan is "aggressively" investing in the next generation of technology like blockchain and robotics and is one of its "major priorities" in 2016, according to an internal memo seen exclusively by 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.

They have no choice.  When banker bots take over, JP Morgan wants to be programming the thing.

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