Laboratory for innovation: JPMorgan Chase
Posted: Sep 04, 2008 18:20:29
Chase Manhattan Corporation launched its first Internet banking application in early 1997. Since that time, Chase has offered its customers a variety of e-finance services and also has been instrumental in pushing the industry forward.
In December 2000 Chase merged with J.P. Morgan; as a result, the combined JPMorgan Chase has more than $715 billion in assets, 32 million customers, 300,000 small-business customers, and 5,000 corporate and institutional clients. By June 2000 Chase had more than 3 million online banking customers, 14% penetration of its customer base.
Chase's Internet strategy includes creating new technologies and growing the effort overall through LabMorgan, the e-- ...