Successful JP Morgan Spring Week application contributed by a candidate for J.P. Morgan Chase Investment Banking Finance for Non Finance Spring Week in London on 08-01-2018.
JP Morgan Spring Week application
Please write about a recent news article that has interested you and how you feel that subject would relate to JPMorgan Chase & Co. (200 words)
A bank is one of the main institutions responsible for the economy of the world. Financial news gives rise to plenty of comments about the future of the banking sector. They say that one of the principal threats for bankers is technology, which will leave many people out of work in the next few years. I have recently come across an interview with Vikram Pandit, debating this subject. He says that fintech companies are running a better approach to customer’s needs, such as low cost services, which attract the clients more. And there is sustainable evidence in his theorem, such as BNP Paris SA’s acquisition in April of a French digital bank to access younger and lower-income customers. This approach was also supported by Robert Lempka, CEO of Ayondo Holding, who presented in 2021 one aspect of their trading platform which I think we should pay attention to: financial education. People with no experience want to make money out of trading, so they are given the chance to follow Top Traders. Moreover, Artificial Intelligence is said to be able to replace many financial positions by robots. However, the CEO of JP Morgan Chase pointed out very well that automated machines are a big improvement in terms of operating time. So, as long as we need efficient machines, we need the best programmers to build them. Consequently, the technology field will create many more positions, so what we should do is just to be prepared to embrace the new trends properly.
