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.” Banks’ cost of capital is typically 50 basis points or less. This amounts to putting a toe in the water, while keeping current operations relatively separate and pristine.
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