CIYIS Blog Posts
JPMorgan Said to Plan Tripling Size of New York Technology Hub
April 24, 2017 | Big Data, Cloud Computing, Information Technology (IT), Technology
JPMorgan Chase & Co., the biggest U.S. lender, is planning to more than triple the size of its technology hub in New York City to increase space for the bank’s coders and data engineers, a person with knowledge of the matter said.
Banks are competing fiercely for technologists as the industry enters a new era of automation, fueled by cheap computing power and fears of losing customers to startups. JPMorgan has a $9.6 billion annual technology budget and has recently set up hubs across the U.S. for teams specializing in big data, robotics and cloud infrastructure to find new sources of revenue and reduce expenses and risks. –Hugh Son and David M. Levitt (Bloomberg)
Source JPMorgan Said to Plan Tripling Size of New York Technology Hub
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