Jamie Dimon’s message to the management team of $3.4 trillion banking goliath JPMorgan Chase: Be frightened of fintech rivals.
“Absolutely we should be scared s—less about that,” Dimon told analysts.
Dimon said he sent his deputies a list of global competitors, and that PayPal, Square, Stripe, Ant Financial as well as Amazon, Apple and Google were names the bank needs to keep an eye on.
There is an imposter in the comments from time to time that has taken my profile and name. Sorry, we all deal with these scammers who leave phone numbers and replies which I never do. Just be aware.
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