Published on 3 Jun 2023 on Business Insider via Yahoo Finance
JPMorgan's No. 2 explains how the fintech threat made the nation's largest bank even bigger
Daniel PintoJPMorgan
JPMorgan Chase, the nation's largest bank by assets, is getting bigger every day.The bank's second-in-command said the fintech threat is driving some of its expansion plans.JPMorgan Chase COO Daniel Pinto made the comments at the Bernstein Strategic Decisions conference.
Jamie Dimon's war against fintechs is well documented. The outspoken CEO of JPMorgan Chase has made no secret of his plan to beat financial startups at their own game, an ambition that has led to more than a dozen fintech acquisitions in the last three years.