How Banks Can Compete Against an Army of Fintech Startups
Harvard Business Review
APRIL 26, 2017
As JPMorgan Chase’s CEO, Jamie Dimon, warned in a June 2015 letter to the bank’s shareholders, “Silicon Valley is coming.” Established banks have real advantages in serving the SME lending market, which should not be underestimated. Banks’ cost of capital is typically 50 basis points or less.
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