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JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts

PYMNTS

JPMorgan Chase developed an eWallet product for tech companies like Airbnb, Lyft and Amazon designed to help them provide customers with virtual bank accounts, Bloomberg reported on Wednesday (Nov. China’s Alipay and WeChat, for example, handle payments and cash flow without the need for any banks at all.

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JPMorgan Develops Wallet To Help Tech Firms Offer Virtual Bank Accounts

PYMNTS

JPMorgan Chase developed an eWallet product for tech companies like Airbnb, Lyft and Amazon designed to help them provide customers with virtual bank accounts, Bloomberg reported on Wednesday (Nov. China’s Alipay and WeChat, for example, handle payments and cash flow without the need for any banks at all.

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A First Look at What’s Coming to the FinDEVr Stage this October

Fintech Labs Insights

Backbase will talk about its Digital Banking Platform and its Open Banking Marketplace. Fueled by a strong, open API strategy, Backbase’s platform gives FI’s the ultimate freedom and flexibility to work with any core and third party vendor, to create a best-of-breed digital banking offering for their clients.

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37 Corporate Innovation Labs In Finance

CB Insights

DBS Bank — DBS Asia X (DAX). DBS launched its Singapore innovation lab to break out of its “traditional banking mindset to think, behave, and deliver more like a technology company,” according to Neal Cross, chief innovation officer. Notable projects: Fidelity Charitable is a public charity that accepts non-cash financial assets.

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The payments regulation roadmap: Q2 2025

The Payments Association

Key developments include progress on stablecoin regulation with draft legislation anticipated, advancements in open banking and variable recurring payments (VRPs), outcomes from the PSR's review on card fees, and the introduction of buy now pay later (BNPL) legislation in Parliament.