On JP Morgan’s recent conference call, CEO Jamie Dimon had some very interesting comments for the broader FINTECH community. He said he has told his management team to “be frightened.” His message went on to say JP Morgan “should be scared shitless”, about how FINTECH companies have been able to take advantage of traditional banks and financial service companies. He finished his blunt assessment by saying “We’ve just got to get quicker, better, faster…”

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