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10 Monday AM Reads

Barry Ritholtz

Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks. Maybe they should try turning the whole thing on and off. Bloomberg ) see also How Much is the Rule of Law Worth to Markets?

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JPMorgan’s Finn, Digital Banking App For Younger Clients, Is Finis

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Barely more than a year after banking giant JPMorgan launched an effort to bring younger clients into the fold — through digital means and specifically through a digital banking app — the firm is killing that particular nationwide project. The shuttering comes as JPMorgan has spent heavily on technology with $11.5

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The Data Dive: The Week In Reversals, Rewards And Rebuffing Warren Buffett

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Apple flipped a long-held policy in opening up the iPhone’s NFC chip to developers, Chase decided that it can afford to make its premier rewards card a bit less rewarding and Uber took a pass on an investment from Warren Buffet. Chase’s Sapphire Rewards Rollback. Despite the cutbacks, Chase said the card remains popular.

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Bitcoin For Night Owls

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and hacking attacks on JPMorgan Chase, among others. Amazon is set to become the eCommerce leader in India, and bitcoin companies are keen to tag along for the ride. Those who profit “illegally” from bitcoin deny its credibility, but does that make any difference? Purse And Unocoin Want A Piece Of Amazon’s Indian Pie.

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Brighterion CEO: How AI Can Stop Criminals Who Win By Gaming Banking Rules

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After all, regulators warned Danske in 2007 of potential worries in Estonia, a concern JPMorgan Chase echoed six years later in 2013 when it cut its relationship with Danske. AML is more complicated, he noted, but AI’s proven strength is in noticing and tagging abnormal behavior, and making it apparent in real time.

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Data Dive, Farewells Edition: Apple, Chase, SoFi, Uber

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JPMorgan Chase Pulls the Plug on Finn. Finn, a no-fee banking app that JPMorgan Chase rolled out last year in an attempt to woo younger customers, is finished. Finn also offered some additional features, mostly designed around flexibility, like free access to a partner network outside of the Chase ATM network.

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What’s Next In Libra’s Serial Cliffhanger?

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Sounds a bit to us like tag teams: One partner switches out but tags in another teammate who is game to go — and Libra tokens, of course, stay in the pot. Libra, according to reports, is not getting support from JPMorgan based on concerns over possible use in criminal activities involving money laundering.