LONDON, March 9 - JPMorgan Chase & Co hashired former HSBC Holdings Plc executive Jeremy Balkinas head of fintech and innovation for wholesale payments, thebank said on Tuesday. In his new role, Balkin will oversee fintech and innovationinitiatives for wholesale payments, and be involved inJPMorgan's decisions to invest or partner with companies thatcan help further its strategy in the space, the bank said. At HSBC in the United States Balkin served as head ofinnovation and strategic digital partnerships, leading a teamwhose responsibilities included improving digital customerexperience and identifying new products and services. Among theteam's projects was the deployment of humanoid robot Pepper inHSBC's Fifth Avenue flagship New York branch. HSBC suggested last month it was trying to sell its U.S.retail unit, a business that has long underperformed. Balkin's appointment comes as large banks continue to investin innovation and financial technology to improve their digitalofferings for both business and retail clients. There has beenexplosive growth in digital payments over the past few years asmore commerce moves online. REUTERS
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