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JPMorgan is revolutionizing the way Wall Street banks work with tech startups

JPMorgan is taking a new approach to working with tech startups.

The firm is expected to launch a residency program for financial technology, or fintech, companies on Thursday in an effort to tackle strategic and security-related challenges.

The in-residence startups will be tasked with finding innovative solutions to specific challenges — which will be listed on JPMorgan's website — using technologies like distributed ledger, big data, or machine learning.

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