By Kimberly Chin

JPMorgan Chase & Co. (JPM) said it would commit $125 million to an array of financial-health initiatives, including the development of fintech products, to help underserved communities across the globe with their finances.

The money would go toward developing and expanding fintech products, as well as financial-wellness coaching programs that help people build up their savings and credit, reduce debt and reach financial goals.

Over the past five years, JPMorgan has committed over $100 million to 250 nonprofit organizations and research institutions, the company said.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

May 15, 2019 09:40 ET (13:40 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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