Sources: J.P. Morgan working on a secretive digital banking project based out of London

techcrunch.com

Finally, an AWS for banking? A number of incumbent banks are known to be developing new digital-first products in a bid to keep the new wave of challenger banks at bay. Now, according to multiple sources, it appears J.P. Morgan is doing the same. The bank has begun recruiting for a secretive skunkworks project in London, looking to hire full time employees who are sworn to secrecy by NDA to build something that could be a competitor to Goldman's Marcus or the AWS like infrastructure of financial services. We'll have to wait and see.

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