The startup was founded by former Barclays chief executive officer and the US lender is in talks to buy a sizeable minority stake in the British company that allows banks to retrieve customer data more quickly, supporting faster, cheaper banking services.
A formal agreement between J.P. Morgan Chase and 10x Future Technologies is expected to be signed in the next few weeks.
J.P. Morgan Chase is an US-based multinational investment bank and financial services company headquartered in New York City. J.P. Morgan Chase is considered to be largest bank in the US, and is ranked by S&P Global as the sixth largest bank in the world by total assets as of 2018, to the amount of USD 2.535 trillion.
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