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.
Estimated reading time: 0 minutes, 25 seconds
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.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Sep 03 2020
-
Written by FinTech News Brief Staff
The IRS issued new guidance indicating cryptocurrency earned from crowdsourcing-based…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 21 2018
-
Written by Jacob Roberts
Online software vendor Kashoo is forming focus group to react…
-