JPMorgan donates $25M to get fintech in hands of underbanked

American Banker
Tuesday, September 24, 2019

JPMorgan Chase announced Tuesday a $25 million commitment to the Financial Health Network's Financial Solutions Lab, a program meant to focus on the creation of fintech tools to help consumers better manage their finances.The Financial Health Network (formerly the Center for Financial Services Innovation) previously received a $30 million philanthropic donation from the bank that spanned the last five years. JPMorgan also unveiled a new branch in the Harlem section of New York City that will feature a digital innovation lab. It will test new ways to use digital channels to rapidly assist customers with their needs.