Wall Avenue big JP Morgan is opening a funds innovation lab in Athens as a part of a wider Greek enlargement.
The financial institution intends to initially rent round 50 workers for the lab, together with funds product and engineering specialists.
It’ll present analysis and improvement to the funds enterprise globally, together with working with Onyx, JP Morgan’s unit focussed on cutting-edge applied sciences equivalent to blockchain.
From the outset, the centre will think about supporting the event of options round distributed ledger expertise, synthetic intelligence and cryptography associated to funds programs.
The lab will likely be situated in a brand new Athens head workplace that may home workers throughout the agency’s company and funding financial institution and asset and wealth administration companies.
Takis Georgakopoulos, world head, JP Morgan Funds, says: “We need to keep on the apex of funds innovation, and our new location in Athens will likely be a key nerve centre for our innovative funds innovation work.”