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 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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