Fintech is without doubt one of the “monumental aggressive threats” going through banks. That’s what JPMorgan Chase & Co’s (NYSE: JPM) Jamie Dimon stated months in the past in response to an accelerated digital disruption in finance, a results of the pandemic.
Amongst the fintechs constructing easy-to-use, quick, and sensible digital banking options is Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), an atypical participant available in the market on condition that the agency is extra of a know-how firm with core competencies moderately than a monetary providers firm.
However, Google’s head of retail banking Zac Maufe informed Benzinga, on the MX Applied sciences Cash Expertise Summit, the agency would morph right into a fintech heavyweight.
Right here’s extra on Google’s foray into monetary providers.
Context: After working at Wells Fargo & Co (NYSE: WFC) and HSBC Holdings PLC (NYSE: HSBC), Maufe made the choice to hitch Google and remedy monetary