Sam covered JP Morgan's Fintech ambitions in detail a few weeks ago. Remember that Finn by Chase is the earmarked brand to target millennials and people who want to do the majority of their transactions on their phones.
Yesterday it was announced that the Finn app, which allows clients to do all their transactions on their phone, has gone national. Finn is offering $100 to people who open accounts and do 10 transactions, this will get clients familiar and loving the app. All sounds very similar to FNB and e-bucks. Well done SA banks!
Anyways, rather late than never. And from a US perspective, they seem like early movers. We still see this as a fantastic theme to be invested in. Here is the Reuters article titled JPMorgan Chase takes smartphone account Finn nationwide.