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JPMorgan Chase will maintain tech investment, despite recession

In Q2 the bank spent $2.4B on technology, communications and equipment

Whitney McDonaldbyWhitney McDonald
July 14, 2022
in Core
Reading Time: 2 mins read
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JPMorgan Chase will continue investing in technology in the event of a recession as its artificial intelligent (AI) capabilities monitor risk and losses, Chief Executive Jamie Dimon said today during the bank’s second-quarter earnings call.   “We spent $100 million building certain risk and fraud systems so that when we process payments on the consumer […]

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Tags: earningsJPMorgan ChasePremiumtechnology
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