Fintech: Seems It Isn’t For Everyone

Jamie Dimon, J.P. Morgan Chief Executive

Jamie Dimon, J.P. Morgan Chief Executive

In Asian financial hubs, as well as in their global counterparts, the fintech hyperbole has reached maximum decibel levels. However, it seems not everyone is taking the bait.

Speaking at a conference in New York recently the straight-talking J.P. Morgan Chief Executive Jamie Dimon, said of the fintech innovators, «A lot of things they do, we can do; a lot of things they do, we don’t want to do.»

Giving it Away

Dimon believes that his own institution’s people are equally good at being innovative in digitising and adapting their offerings and also said that the firm could delve into robo-advising and even give it away to some of its most valued clients.

He did though, according to an article in the Business Insider, recognise that although technology has been disrupting banking for decades this time around it was proliferating wider and quicker.

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