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 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.