JP Morgan Chase has hired Jeremy Balkin as head of FinTech and Innovation for Wholesale Payments.
In Brief:
Balkin joins from HSBC.
There, he was head of Innovation and Strategic Digital Partnerships.
His new role will reportedly involve decisions on investing or partnering with other companies.
What does this mean?
Partnership and investment are becoming an even bigger part of any bank’s innovation journey, so it makes sense that JP Morgan would hire somone experienced in navigating this landscape.