In his annual letter to shareholders, Dimon shared his perspectives on a range of subjects. However, he placed a distinct focus on JPMorgan's efforts to advance its capabilities through AI.
On the same day, the company's annual proxy statement was also made public. Besides zeroing in on the growing significance of AI in banking, it highlighted the board's priority of planning for an orderly CEO transition in the medium term.
JPMorgan Chase has introduced its newest endeavor, a retail media network named Chase Media Solutions.
Breaking away from its traditional banking methods, Chase has embraced a rather unexpected and contemporary approach by stepping into a market already under the sway of major retailers.
While the Visa-Mastercard settlement news is still fresh and unfolding, understanding the degree to which different players — merchants, banks, or consumers — truly benefit or stand at a disadvantage in the value chain will necessitate clarity once the dust settles.
Currently, it remains an intricate conundrum to unravel.
Financial institutions grapple with obstacles in navigating the technology and route for credit risk assessment and management.
Carl Rutstein, Visa's Global Head of Advisory Services, sheds light on the impact of data and AI on credit risk assessment and discusses the challenges faced by FIs in going down this route.
Goldman Sachs Asset Management is strategizing an expansion of its private credit portfolio, with aspirations to increase it to $300 billion within the next five years.
Leveraging its investment bank to originate deals, Goldman has established a leading position in the private credit market, a sector it entered nearly three decades ago.
