Among some of the companies he lists as challengers to the status quo in his annual letter to shareholders are Facebook, Amazon, Apple, Google and Walmart. Further, “fintechs, like Stripe, Robinhood and PayPal, have seen a lot of growth and success in recent years, which may present challenges to traditional banks,” according to the article.
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Dimon to Shareholders: Fintech Banking is 'Here to Stay'
Jamie Dimon, JPMorgan Chase CEO and chairman, told shareholders he believes fintech is an “enormous” competitive threat to the banking industry. So reports CNBC.
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