J.P. Morgan Is Bringing Some Fintech Startups In-House

The New York-based investment banking giant announced an “in-residence” program for fintechs (startups working in the financial industry) Thursday—joining a growing number of traditional financial institutions that are partnering with their nimbler competitors in the hopes of learning from their handle over technology and innovation. Earlier this week, Fortune reported that J.P. Morgan was looking to do more partnering with fintech companies. Other banks like Citigroup were defending against start-up competitors with their own in-house dedicated teams.

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