JPMorgan CEO Jamie Dimon said there is new competition in the financial sector


Dimon emphasized that artificial intelligence, data processing, and automation will play a key role in the future of financial services. Banks that can effectively implement these tools will gain a significant advantage. This is because they will be able to speed up operations, reduce costs, and improve service quality.
Against this backdrop, JPMorgan is developing its own technology directions. One of the key projects remains the Kinexys platform, intended for fast settlements without intermediaries. It is aimed at large institutional clients and international companies that are interested in accelerating financial transactions.
The platform has already neared a transaction volume of $10 млрд в сутки. Connecting Japanese corporation Mitsubishi was an important milestone in its development. Among other participants, the National Bank of Qatar, Siemens, and BlackRock can be singled out. This shows growing interest from key players in the segment.
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