JP Morgan Chase launches mobile app Finn for millennials
Finn from Chase, digital banking designed for millennials
JP Morgan Chase has launched its new mobile banking app, Finn. Designed for millennials, Finn will allow customers to open a bank account, make deposits, track spending and set up a saving plan.
According to Chase, after carrying studies with about 250 potential millennial customers, it learned that many “wish for a lower-stress way to control their spending”. By designing the app catered for millennials, Chase says it will put “itself in a competitive space against other financial rivals”.
An initial iOS app will be available to customers in St. Louis, where Chase has no branches. The bank plans to roll out Finn in other US cities and for Android next year.
Finn debit cards will also be available for access to cash from 29,000 ATMs.
Previously, back in March 2017, JP Morgan Chase acquired MCX payments technology to help expand Chase Pay, the mobile and digital wallet for Chase customers.
