#DigitalBanking / JPMC Plans UK Digital Lender Launch In Early 2021

The move “will enable it to capitalize on the accelerating transition of millions of bank customers from branch-based activity to digital services…”


… the Sky News report said Amazon Web Services and 10x Future Technologies had signed on as major service providers for the new venture… 10X Future Technologies describes itself as “leading a revolution with our next-generation cloud-native technology platform.” … its solution allows client banks to “engage their customers with more timely, relevant and personalized experiences when it comes to managing money.”

[Sky News:] “When it does take place, the launch will be among the most significant new entries into the UK consumer banking sector since the 2008 financial crisis… It could spark a new price war among lenders…”