Challengers and Banks

Whatever Jamie Dimon is "scared shitless" of it is not banks.

Jamie Dimon, the CEO of JP Morgan Chase, said that his bank should be "scared s***less" about fintech competitors and identified the fintechs PayPal, Square, Stripe and Ant Financial in addition to the techfins Amazon, Apple and Google as companies that the bank would need to compete with. I don’t doubt that he has already forgotten more about the banki…