‘ Fintech ’ Threat Has Big Banks Looking to Innovate

Image Source: Google Images

Image Source: Google Images

The nation’s largest bank, based in New York of course, is bidding for the title of the most farsighted bank in grappling with the latest challenge from that other center of cutting-edge American business: Silicon Valley.

JPMorgan Chase, the bank that emerged from the financial  crisis in 2008 even bigger than before, has embraced what is now a full-fledged strategy for learning from the burgeoning “ fintech ” industry that aims to disrupt the sort of banking that was once built around a relationship cultivated over time through visits to branches.

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