Business Lab

Using Technology to Power the Future of Banking


Listen Later

A heritage financial services institution isn’t necessarily the first place a technologist looks to grow their career. But that hasn’t been a problem for JPMorgan Chase, which has made itself an appealing career destination for technologists. “Technology is not an afterthought,” says Gill Haus, chief information officer of consumer and community banking at JPMorgan Chase. “It is in everything we do, from our offices to our branches to our contact centers to our web and mobile applications.”

Haus explains that there’s more to being a technology company than using technology to solve problems. “What really makes a technology company is how you think about the way you hire teams, the way you groom teams, the way you build software, the way you deploy that software,” says Haus. “It's how you organize around products, not around your business units.”

Like a technology startup, the technical teams at JPMorgan Chase solve real-world problems. “Every single day, we are launching new features and products that make it easier for everyone. It's incredibly exciting,” says Haus.

However, unlike a startup, JPMorgan Chase has scale. The financial services institution supports 44 million mobile active customers and 59 million digitally active customers in general. The company spends $12 billion on technology annually. “When we launch a solution or bring a new product to market, we don't bring it to market for 1,000 people. We don't bring it to market for a 100,000 people. We bring it to market for millions of customers immediately, and that is incredible,” says Haus. “There's incredible talent here, as you can imagine, because we have such a technical need. Talent begets talent. It's exciting to go to a place where you know you're going to be challenged.”

...more
View all episodesView all episodes
Download on the App Store

Business LabBy MIT Technology Review Insights

  • 4.2
  • 4.2
  • 4.2
  • 4.2
  • 4.2

4.2

25 ratings


More shows like Business Lab

View all
The McKinsey Podcast by McKinsey & Company

The McKinsey Podcast

378 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,060 Listeners

Gartner ThinkCast by Gartner

Gartner ThinkCast

110 Listeners

Cold Call by HBR Presents / Brian Kenny

Cold Call

195 Listeners

Azeem Azhar's Exponential View by Azeem Azhar

Azeem Azhar's Exponential View

609 Listeners

NVIDIA AI Podcast by NVIDIA

NVIDIA AI Podcast

341 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,990 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

226 Listeners

HBS Managing the Future of Work by Harvard Business School

HBS Managing the Future of Work

105 Listeners

Practical AI by Practical AI LLC

Practical AI

187 Listeners

Inside the Strategy Room by McKinsey & Company

Inside the Strategy Room

164 Listeners

Big Technology Podcast by Alex Kantrowitz

Big Technology Podcast

458 Listeners

MIT Technology Review Narrated by MIT Technology Review

MIT Technology Review Narrated

256 Listeners

Me, Myself, and AI by MIT Sloan Management Review

Me, Myself, and AI

107 Listeners

HBR On Strategy by Harvard Business Review

HBR On Strategy

73 Listeners