JPMorgan banks on tech to boost business

Technology development is a high priority at JPMorgan Chase as it revamps its network, pours about $1 billion into consolidation of data centers and pushes out better customer service technologies. It's hoping that all the investment, time and new tech strategy will not only boost revenue and cut costs but also move the company out of the efficiency slide it's been in. Among the top 10 banks, JPMorgan ranks the lowest in overhead efficiency ratio and return on equity.

For more on the company's tech approach:
- check out this article [1] at BusinessWeek