Banks Using Similar Methods to Beat Fintechs

Big banks like Citi and JPMorgan Chase are trying to beat fintechs at their own game with launches of new products; the traditional credit card model has come under threat from various fintech companies looking to upend the big banks and credit card companies; Citi, Chase and American Express have all started to offer the ability to turn their cards into installment loans; while the product is viewed as more innovative it could hurt profits; fintech firms like Affirm have established a place in the market that has forced these traditional brands to play defense; fintech executives have not been scared by the recent moves as it helps to point to the fact that they are doing something right. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He 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.

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