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JP Morgan to Open a Payments Innovation Lab in Athens

As part of a wider Greek expansion, the Wall Street giant will launch a research and development unit in a new Athens head office

JP Morgan Athens Payments Innovation

JP Morgan to Open a Payments Innovation Lab in Athens. Source: unsplash.com

JP Morgan has announced it will open a new office in Athens with a dedicated Payments Innovation Lab to support the business growth in the country. 

The local team would consist of approximately 50 people, predominantly payments product and engineering specialists. The Lab will provide research and development services to the payments business globally. They will also cooperate with Onyx, JP Morgan’s unit focused on cutting-edge technologies such as blockchain.

Mainly, the Lab will focus on ledger technology, AI and cryptography related to payment systems. JP Morgan’s existing employees based in Athens, who work across the Corporate & Investment Bank and Asset & Wealth Management segments will also move to the new office.

“Our investment in a new office and local, highly skilled talent is a testament to J.P. Morgan’s long-term commitment to Greece. We are looking forward to growing our franchise in this market and to continue serving local and international clients from this new home.”
Stelios Papadopoulos, Senior Country Officer for J.P. Morgan in Greece

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Nina Bobro

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https://payspacemagazine.com/

Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.