JPMorgan Chase is reportedly planning to launch a challenger bank in the UK.
In Brief:
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According to Sky News, this is planned for Q1 2021.
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It has made deals with AWS and 10x Future Technologies to help with the bank.
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This will be under the “Chase” brand.
What does this mean?
This will be the first time JPMorgan Chase has dealt with personal banking in the UK. According to the reports the business aims to take advantage of the increasing popularity of digital banking services which has been accelerated by Covid-19.
