JPMorgan Chase moving retail bank's core system to cloud - NewsBreak

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By Alexdemarco in Business
Updated 3 years ago

JPMorgan Chase is deploying a new, cloud-based core system for its retail bank using software developed by U.K.-based Thought Machine, the two companies said Wednesday. Thought Machine's clients include large international banks like Standard Chartered, which uses the company's Vault software for its digital bank Mox in Hong Kong, and Swedish financial services group SEB, which uses it to run UNQUO, a banking app for entrepreneurs and business owners. Lloyds Banking Group in the U.K. also uses Thought Machine's technology.

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