JPMorgan Chase It is making nearly $14 million in philanthropic investments to support seven organizations working to combat fraud and fraud through real-time consumer education and prevention.
These investments build on the bank’s AI-driven defences, real-time monitoring and rapid incident response by helping build a coordinated defense system, JPMorgan Chase said on Tuesday (May 12). press release.
“By supporting these impactful organizations, we invest in innovative solutions and community-oriented programs that enable the most vulnerable people to identify fraud, prevent fraud and keep their finances safe.” Merceda MortazaviJPMorgan Chase’s head of financial health said in the statement.
Supports JPMorganChase’s philanthropic investments Aspen Institute Financial Security Programwhich he works with to push To trial real-time transaction blocking to prevent Electronic Benefit Transfer (EBT) theft; the BBB Market Trust Institutewhich is developing an AI-powered platform that detects, detects and reports emerging fraudulent activities to users; com.finEQUITYwhich is creating a mobile and web platform that provides a fraud checker and financial coaching to formerly incarcerated people; the Office of the Treasurer and Tax Collector of San Franciscowhich will launch a city-led initiative called StopScamsSF that aims to protect vulnerable residents; Technology services for seniors (oats) from AARPwhich will organize a two-year campaign to support financial safety and prevent fraud among seniors; Prosper nowwhich is working with Alumbra to develop a platform to help community banks and their consumer and small business clients prevent fraud losses; and Stop Alliance Fraudwhich we partner with Gallup To develop a comprehensive consumer survey on fraud and fraud which will be published in June.
“Across the company, we are constantly investing in new technology and better education to protect our customers — and we are extending that mission to the communities where we live and work.” Ryan LoftusManaging Director and Head of Trust & Security at JPMorgan Chase said in the statement.
In a previous initiative, JPMorgan Chase said in November that it was hosting more than 20 free educational workshops across the United States to celebrate… International Fraud Awareness Week. The workshops are designed to help the public recognize and protect themselves from it scam And fraud.
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A Federal Trade Commission (Federal Trade Commission) Official to a congressional committee in March that the FTC had received $3 million scam Reports from consumers in 2025 and that these consumers reported losses of $15.9 billion.
