Inside J.P. Morgan’s Deal with On Deck Capital
Wall Street Journal, Dec. 30, 2015–Rudegeair, Peter; Simon, Ruth; Glazer, Emily
J.P. Morgan Chase & Co. spent about $8 billion this year on technology. But when it came to developing a new online loan for small business, the bank turned to an unlikely outsider. Early next year, J.P. Morgan will start using online lender On Deck Capital Inc. to help make loans to some of the bank’s roughly four million small-business customers.
