{"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='Gartner Identifies Top 10 Government Technology Trends for 2021'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/gartner-identifies-top-10-government-technology-trends-for-2021\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/05\/fdef9607-24ad-3348-2d3c-9944d03e2a4a1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16027\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16027'>\n\t\t\t\tGartner Identifies Top 10 Government Technology Trends for 2021\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The rise of the robo-advisor in retirement planning'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-rise-of-the-robo-advisor-in-retirement-planning\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/the-rise-of-the-robo-advisor-in-retirement-planning-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10943\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10943'>\n\t\t\t\tThe rise of the robo-advisor in retirement planning\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Top Technology Trends for 2022'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/top-technology-trends-for-2022\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/10\/f537e0ea-9571-4415-c83b-0ac6159b5cf51-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16394\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16394'>\n\t\t\t\tTop Technology Trends for 2022\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}]}}