JPMorgan Adds to Tech Acquisitions With College Platform Frank

JPMorgan Chase & Co. bought college financial-planning platform Frank, the latest in a string of acquisitions the largest U.S. bank has made this year to compete with both big technology firms and fintech upstarts.

Frank will help JPMorgan bolster its relationships with college students, the New York-based bank said in a statement Tuesday. The platform, which offers a streamlined financial-aid application process as well as online courses, serves more than 5 million students at more than 6,000 higher-education institutions. Financial terms of the deal weren’t disclosed.