JPMorgan ‘lines up former regulator’ for UK digital bank launch

JPMorgan has reportedly tapped up a former regulator to help it launch digital banking services into the UK market.

According to reports in the Financial Times over the weekend, Clive Adamson, a former head of supervision at the Financial Conduct Authority, has been chosen to chair JPMorgan’s neobank venture, which is said to be launching under the Chase brand later this year.

The move would see the world’s largest investment bank by market value enter the UK’s rapidly expanding consumer banking sector, taking on the likes of Monzo, Starling, Revolut and incumbent banks’ digital operatations such as NatWest’s Bo.

According to Sky News, which first reported the plans to launch Chase in the UK, the bank will launch a new range of savings and loan products. It follows the closure of Finn, a consumer banking venture launched in the US in 2018.

JPMorgan declined to comment on the reports.

    Share Story:

Recent Stories


Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.

Using Adobe analytics helps businesses achieve 1.7x customer retention
99% of experience driven FS Businesses consistently use analytics for testing and optimisation, improving customer satisfaction metrics by 1.8 times.

To learn more – please read the 2019 Digital Trends: Financial Services in Focus report. Download here