CoinDesk reports that an internal memo at JPMorgan Chase states that blockchain lead Amber Baldet is moving on from the bank to start her own firm; Christina Moy, senior product manager of Quorum, will take over Amber’s position; JPMorgan spokeswoman said in a statement, "Amber is extremely talented and helped build the outstanding team we have today. We respect her desire to start her own venture and we wish her nothing but the best." Source.
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Speaking at EthCC, an Ethereum conference in Paris, JPMorgan’s Amber Baldet talked about the concerns of private and public blockchain builders; “These problems really aren't so far apart, it's just that people are trying to solve the problems in different ways,” says Baldet as reported by CoinDesk; she doesn’t think public and private blockchain need to be so different, what everyone wants is the ability to interoperate; CoinDesk went on to interview Amber about building connectivity, feedback loops and more. Source.
Before leaving JPMorgan Chase their former blockchain unit lead Amber Baldet sat...
Americans continue to build up consumer debt; in the fourth quarter of 2017 consumer debt (excluding home loans) rose 5.5% from the prior year to $3.82 trillion; this a record since the Federal Reserve Bank of New York began tracking in 1999; non-housing debt was around 29% of overall debt, another record; some aren’t worried just yet with delinquencies coming off of record lows; The WSJ provides more data points on consumer debt, including various perspectives on the American consumer. Source
American Banker announced its 15th annual ranking of the Most Powerful Women in Banking and Finance; the ranking includes three parts: Most Powerful Women in Banking, Most Powerful Women in Finance and Women to Watch. Source.
American Banker has released their list of the most powerful women in...
American Express started making the slow transition a few years ago to...
After only two days American Express has ended their partnership with fintech...
American Express has joined the Hyperledger Project; the Hyperledger Project which is hosted by the Linux Foundation and supported by IBM, now includes over 100 members from various industries; in regards to joining the Hyperledger Project, Marc Gordon, executive vice president and chief information officer at American Express said, "We're excited to join Hyperledger, as we're looking to take full advantage of blockchain to deliver new and innovative products for our customers and partners, while transforming existing business processes and applications."; with the firm's membership, senior executive Sastry Durvasula, who is responsible for leading enterprise-wide big data, blockchain, digital payments and partnerships at American Express will join the Hyperledger Project's governing board. Source
American Express' Pay It Plan It mobile feature allows for installment payments on purchases of over $100; the mobile feature is associated with a customer's American Express card; the company says Pay It Plan It is available now on several consumer credit and co-branded cards and cards issued after June 1 will have the feature added by 2018. Source