Great example of the Innovation API I’ve advocated for so that financial services incumbents can shape collaborations with #intech at scale in a mutually beneficial manner.
The rapid proof of concept (RPOC) was developed in 2019 to “to speed up how quickly the CIB could decide if it wanted to work with a fintech” from months to weeks. Components include: streamlined documentation needs, standardized NDAs, “fintech-friendly” evaluation agreements, and synthetic datasets in an AWS sandbox.
"One of our goals is to partner more and work with the fintech community to build an innovative ecosystem" - Michael Elanjian, head of digital innovation at J.P. Morgan’s Corporate and Investment Bank.
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