Product informationFinancial technology also known as FinTech is an area within computer science that focuses on computer programs and other technologies used to support financial services. Financial technology is used by companies in the financial industry to create better financial services to not just the business but also consumers (Sanicola, 2017). Financial technology has disrupted areas such as mobile payments, money transfers, loans, fundraising and investment management (Munch, 2017). FinTech can be broadly thought of as any technology that that can be applied to financial services and banking or technology used to help businesses manage the financial aspects of their company (Mearian, 2017).Types of FinTechWealth ManagementFinancial technology helps professionals focus less on the actual investment management as it can be automated more; more attention will be drawn on building client relationship. Although FinTech adds a layer of complexity it is designed in a way that is more efficient by employing faster working methods. The user friendliness makes day to day portfolio management less difficult to carry out. Advisors are then able to spend more time with clients and build their company (Marguerita Cheng, 2017). Millennial trust e-Advisors more to invest their money rather than an actual financials professional (Blanding, 2017). Actual companies in FinTech wealth management include wealthfront it is a valuable software that supports consumers to manage their personal finance by following a selected monetary plan. It also serves as a digital financial advisor. Wealthfront enables to choose one of the account types, each targeted at attaining a particular objective: saving funds for university, retirement or saving money to accumulate wealth. Betterment is another E-Advisor which is designed to take full advantage of money management and wealth constructing. Betterment also offers a diverse range of solutions concerning financial planning, retirement, and tax related to problems (Hiring | Upwork, 2017).LoansFinTech have made applying for loans much easier. Peer-to-peer loaning platforms as well as underwriter and loaning platforms using machine learning technologies and algorithms to assess creditworthiness. Prosper a peer to peer loaning bring together borrowers and lenders for loans that are not secured at fix rate interest; This FinTech lending platform has originated around £4 billion in loans. Other FinTech companies such as ZestFinance uses untraditional metrics to support loans to those with bad credit scores or people who have little credit history (Empirica, 2017).Mobile bankingMobile banking is the process of doing financial transactions on a mobile device such as smartphones, tablets and laptops. This activities can range from simple things as a financial institutions sending fraud or usage activity to a customer’s smartphones or as complex as a client paying bills or sending money to one another. Mobile banking apps doesn’t remain behind fast-growing financial technology. Mobile banking apps are constantly improving with features such as Touch ID, facial recognition, locking bank cards. In the coming years even better features are likely to develop (Hiring | Upwork, 2017).Company profileJPMorgan Chase & Co is a global banking and financial service holding company which is based in the United States with headquarters being in New York City. The company has assets of $2.5 trillion making it the sixth largest bank in terms of assets and second highest valuable bank in terms of market capital. JPMorgan Chase is a leader in many areas within finance which include: asset management, investment banking, commercial banking and lending money to consumers and small businesses (Jpmorgan.com, 2017).JPMorgan Chase entrants into FinTechAlthough the concept of financial technology is not exactly new, it is only recently it began to cause disruptions in the financial sector (Mearian, 2017). JPMorgan Chase has entered the FinTech revolution from the 2010’s, funding has since exploded in that area (Jpmorgan.com, 2016). Interestingly they have only made their first major acquisition recently when the purchased WePay which was believed to be around $220 million dollars in October 2017 (Rudegeair, 2017). JPMorgan Chase entrants into FinTech has revolved largely around them working with smaller start-ups; these collobarations have included companies such as “Zelle” to bolster Chase’s consumer payment systems, “OnDeck Capital” for small business lending and “Roostify” for mortgages, they also have a budget where they develop technology internally through the traditional R&D (JP Morgan Chase & Co., 2017).