JPMorgan to Adopt Fintech Startups With In-House Incubator
- Emerging fintech companies to receive access to funds, network
- Startups attend ‘In-Residence’ program for six months
This article is for subscribers only.
JPMorgan Chase & Co. is the latest bank to take on financial technology startups, starting a new program to foster these companies in-house as they try to find ways to operate faster, with more security at a lower cost.
The bank will adopt fintech startups for six months in a program called In-Residence, offering them access to its facilities, systems and expertise, according to a statement Thursday from the company’s corporate & investment bank. Those with potential may receive continued support after the official period ends, the bank said, advertising its ability to help integrate businesses into bank networks and provide further funding.