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A joint report from J.P Morgan and Oliver Wyman has predicted up to $100bn annually could be saved in transaction costs through a central bank digital currency (CBDC) network.
Investment analytics platform Aumni has closed its Series B round on $50m to help it increase its customer base.
JP Morgan has partnered with DBS Bank and Singapore government-owned firm Temasek to introduce a new joint payments company.
FinTech platform The Tifin Group raised $22m in Series B funding from JP Morgan and others with the aim to become a one-stop shop for wealth and asset management.
Candex, which manages payments between companies and their vendors, has reportedly scored $20m in Series A funding.
Investment bank and financial services juggernaut JP Morgan has revealed it is using blockchain technology to improve money transfers between banks globally.
Brooklyn-headquartered blockchain technology firm ConsenSys raised $65m from major banks and financial services players including JP Morgan, Mastercard Inc and UBS Group AG to fund its growth and global expansion.
Cloud security platform Menlo Security has closed its Series E round on $100m, bringing its enterprise valuation up to $800m.