JPMorgan Makes UK Digital Banking Debut
(26 August 2020 – United Kingdom) JPMorgan are set to launch their digital banking platform in the United Kingdom (UK) by early next year, after ending similar efforts in the United States (US).
This will be the bank’s second attempt in providing a digital-only platform which should help mitigate past mistakes.
The first launch of its digital platform experienced major challenges in the US, being quite similar to the bank’s existing mobile banking application. However, this shouldn’t be an issue in the UK because it will be the bank’s first digital product offering in this market.
If the bank execute their plans in alignment with the demands and expectations of corporates, then this would provide a very lucrative business for the near future.
“The construction of digital banking platforms have been challenging and demanding given the needs of corporates. It is therefore paramount that these platforms are built with a strong focus on customer experience” commented East & Partners Europe Market Analyst, Pierre Sokoya.
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