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Technology Innovation at JPMorgan Chase

“Our world is changing at a pace never experienced before and innovation is continuous. This undoubtedly brings opportunities and challenges for our clients and so it’s essential that within this environment we are able to advise and provide them ...

ET Spotlight|
Sep 25, 2019, 10.00 AM IST
ET Spotlight
Technology Innovation at JPMorgan Chase
JPMC’s India tech team supports and leads the development of cutting-edge technology that are core to JPMC’s vision of how to better serve its clients.
As technology redefines the banking industry, JPMorgan Chase (JPMC), a leading global financial services provider with an annual tech budget of USD 11.5 billion, is creating a work environment that thrives on innovation. Holding its first technology showcase in India, JPMC provided a glimpse into how the firm is driving a culture of continuous and exciting change.

JPMC’s Innovation Week, held each year, brings together employees from across the world to participate in over 400 events covering topics such as AI, Internet of Things, digital, machine learning, cybersecurity and big data. This year, JPMC brought together the full might of its India tech team under one roof to engage with the country’s top tech students at its Evening @ JPMorgan Chase Technology event, held in Bengaluru.

Around 160 students, including summer interns from premier technology and engineering (IITs & NITS) colleges, participated in the event with senior JPMC executives sharing insights and knowledge with them on key areas of innovation and current technology trends.

“Our world is changing at a pace never experienced before and innovation is continuous. This undoubtedly brings opportunities and challenges for our clients and so it’s essential that within this environment we are able to advise and provide them with innovative solutions quickly and at scale. This means that while we are one of the leading financial institutions in the world, we are also one of the leading technology firms globally. We have brought together over 50,000 technologists into collaborative tech centres around the world who are focused on reinvention, innovation and solving,” said Anil Puttegowda, Bengaluru Tech Center lead for JPMC.

JPMC’s India tech team supports and leads the development of cutting-edge technology that are core to JPMC’s vision of how to better serve its clients, particularly in areas such as AI, digital, big data analytics and robotics. In Bengaluru, JPMC executives took the opportunity to showcase digital platforms and applications developed in-house in collaboration with global counterparts.

One such example on show was Athena, a next generation risk, pricing, and trade management platform created by JPMC. “Our clients work with a lot of complex data sets. They want insights into the exposure and performance of their trades and investments in ways that are faster than ever before and in a controlled environment. Athena provides an integrated data and analytics solution that aggregates data of various financial products from various sources into one singular view. This enables clients to more effectively visualize, analyze and evaluate their trades and investments and gather insights on their portfolios,” explained Ramesh Mullangi, Managing Director, Corporate Technology.

The audience in Bengaluru also heard about the firm’s investments in Machine Learning and Artificial Intelligence to improve client experiences in areas such as digital, sales optimization, and business process automation as well as how they can be implemented to protect them against fraud and cyber security. “Our large investments into AI, blockchain, big data and bots enable us to serve our clients with greater depth, sophistication and efficiency,” said Puneet Sharma, Executive Director, Asset & Wealth Management Technology.

Clearly, JPMC is creating plenty of opportunities for its employees to develop creative solutions that deliver great customer experience and help businesses and markets to grow.

Watch the video here:


About us:
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J.P. Morgan is a leading global financial services firm with assets of $2.7 trillion and operations worldwide and we have a long history of providing our clients with innovative financial solutions. As a leading financial institution globally we are able to provide scale, a diverse set of operations, and offer a variety of roles to help foster our talent. J.P. Morgan established its operations in India in 1922 and has been present and committed to this regionally and globally important market. India is a critical part of our global franchise and we continue to invest in our infrastructure, people, technology and operations across our businesses. Click here to learn more about our technology innovation and career opportunities at J.P. Morgan.

(This article is generated and published by ET Spotlight team. You can get in touch with them on etspotlight@timesinternet.in)
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