JPMorgan to build Silicon Valley campus

JPMorgan Chase & Co. plans to open a FinTech campus in Palo Alto, California as part of its efforts to attract more Silicon Valley talent. The campus, scheduled to open in 2020, will have more than 1,000 employees and will make it easier for the company to host events and collaborate on new products and services.

JPMorgan has been moving further into FinTech as of late. Last year, the company acquired startup WePay and formed partnerships with FinTech companies Bill.com and On Deck Capital Inc.

Source: www.bloomberg.com