JP Morgan invests in 2 Swiss fintechs

JP Morgan invests in 2 Swiss fintechs to provide personalised client services and optimise portfolio management

JP Morgan’s private banking unit has invested in 2 Swiss fintech firms, Edge Laboratories and Evooq to provide more personalised advice to clients.

These technology providers offer risk analytics, portfolio optimisation / construction, advisory, and workflow capabilities.

The transaction aims to enable the bank’s client advisors to enhance the quality of portfolio and planning services for UHNW clients.

This strategic investment in multi-asset class risk engine capabilities is expected to provide advisors with access to effective risk analytics and a much higher level of portfolio customisation. This will help private banking clients to make more informed decisions in line with their investment goals and risk tolerance.