{"id":15948,"date":"2021-04-13T14:33:53","date_gmt":"2021-04-13T14:33:53","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15948"},"modified":"2021-04-13T14:33:53","modified_gmt":"2021-04-13T14:33:53","slug":"jpmorgan-chase-ceo-highlights-the-threat-of-fintechs-to-traditional-banks","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/jpmorgan-chase-ceo-highlights-the-threat-of-fintechs-to-traditional-banks\/","title":{"rendered":"JPMorgan Chase CEO Highlights the Threat of FinTechs to Traditional Banks"},"content":{"rendered":"<p>Jamie Dimon, chairman and CEO of JPMorgan Chase, listed FinTechs as one of the \u201cenormous competitive threats\u201d to banks during his annual shareholder letter. In particular, he noted the great strides FinTechs are making in building both digital and physical banking products and services that are easy-to-use, intuitive, fast and smart. He also noted how FinTechs are benefitting from rise in popularity of blockchain technology (especially cryptocurrencies) and decentralized finance (DeFi). At the same time, Mr. Dimon called for government regulations aimed at creating a \u201clevel playing field\u201d for banks, FinTechs and non-bank financial institutions.<\/p>\n<p>Read the full letter <a href=\"https:\/\/reports.jpmorganchase.com\/investor-relations\/2020\/ar-ceo-letters.htm#banks-enormous\">here<\/a>.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15948 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Consumers prefer branches over digital for banking advice'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/consumers-prefer-branches-over-digital-for-banking-advice\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/man-doubting-about-the-direction_1133-21-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10265\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/man-doubting-about-the-direction_1133-21-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/man-doubting-about-the-direction_1133-21-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/man-doubting-about-the-direction_1133-21.jpg 626w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10265'>\n\t\t\t\tConsumers prefer branches over digital for banking advice\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 13th-20th February'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-13th-20th-february\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/02\/bfc-fintech-monitor-10th-18th-february-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14505\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14505'>\n\t\t\t\tBFC FinTech Monitor 13th-20th February\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Will your job become automated?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/will-your-job-become-automated\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Will-your-job-become-automated-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-6881\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Will-your-job-become-automated-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Will-your-job-become-automated-100x100.jpg 100w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-6881'>\n\t\t\t\tWill your job become automated?\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Jamie Dimon, chairman and CEO of JPMorgan Chase, listed FinTechs as one of the \u201cenormous competitive threats\u201d to banks during his annual shareholder letter. In particular, he noted the great strides FinTechs are making in building both digital and physical banking products and services that are easy-to-use, intuitive, fast and smart. He also noted how &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15948"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15948"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15948\/revisions"}],"predecessor-version":[{"id":15951,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15948\/revisions\/15951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15949"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}