{"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='Banks reviewing how consumers get perks from income cards'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/banks-reviewing-how-consumers-get-perks-from-income-cards\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/09\/16384-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13632\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13632'>\n\t\t\t\tBanks reviewing how consumers get perks from income cards\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The appeal of finance to top tech talent'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-appeal-of-finance-to-top-tech-talent\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/05\/male-executive-shaking-hands-with-female-coworker-teamwork-introduction_1163-3928-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12742\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12742'>\n\t\t\t\tThe appeal of finance to top tech talent\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='A Quick Look at Big Tech Lending to SMEs'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/a-quick-look-at-big-tech-lending-to-smes\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2022\/09\/ad9c7b4b-f6a0-4c15-4199-0e3f27e139901-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16831\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16831'>\n\t\t\t\tA Quick Look at Big Tech Lending to SMEs\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}]}}