Big Banks can Slow the Fintech Momentum

Revolut, Robinhood and others have seen a great deal of growth in the last couple of years as consumers have started to consider digital offerings with lower fees and better user experience; banks have taken notice and it is only a matter of time before banks cause a fintech unicorn to go belly up according to UK based research firm Autonomous Next; bank like JPMorgan Chase and Santander have begun to ramp up their digital offerings, especially for millennials, so they can better compete with the fintech startups; as offerings become more competitive banks will ultimately win because they can handle the increased costs; the consumer will be the biggest winner as they will end up with the best, most cost efficient banking tool. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.