JP Morgan is investing $48 million to revamp its technology and operations hub in Bournemouth, making it more akin to the working environments of large tech companies such as Google, which are increasingly luring some of the brightest and best candidates.

The bank announced today that the enhanced Bournemouth Technology & Operations Centre, which hosts over 4,000 employees, will include colourful breakout lounges to allow staff to work collectively and more collaboratively, as Financial News reported in March.