The digital bank will have offerings and functionalities designed to meet the requirements of British customers through a mobile app. JPMorgan believes the country has a “vibrant and highly competitive” consumer banking arena, and, for that reason, the company created the bank from the ground up to meet the requirements of clients there.
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JPMorgan plans rollout of UK digital retail bank
“We are bringing Chase to the U.K. because we want to provide customers with a new banking choice — one that will enable them to benefit from a simple and exceptional banking experience, built on the significant capabilities of JPMorgan Chase,” Gordon Smith, CEO of consumer and community banking and co-president of JPMorgan Chase, said in the announcement.
