{"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='10 charts that explain IoT\u2019s growth'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/10-charts-that-explain-iot-s-growth\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/12\/10-charts-that-explain-iot-s-growth-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-11982\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11982'>\n\t\t\t\t10 charts that explain IoT\u2019s growth\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Top 10 digital transformation trends shaping 2020'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/top-10-digital-transformation-trends-shaping-2020\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/12\/top-10-digital-transformation-trends-shaping-2020-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-14251\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14251'>\n\t\t\t\tTop 10 digital transformation trends shaping 2020\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='IoT-powered transformation in the financial sector'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/iot-powered-transformation-in-the-financial-sector\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/12\/iot-powered-transformation-in-the-financial-sector-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-11927\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11927'>\n\t\t\t\tIoT-powered transformation in the financial sector\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":[],"class_list":["post-15948","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","bulletin_edition-04_april","bulletin_edition-fintech-2021","b_post_type-bfc-recommends"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15948","targetHints":{"allow":["GET"]}}],"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}]}}