Here's Why Fintech Has Such an Advantage Over Traditional Banks
When discussing fintech disruptors, it is often cited that they have a superior cost structure to traditional banks, due to the lack of branches and other costs of doing business. But there is another big advantage fintechs have that isn't talked about nearly as much: regulation, or the lack thereof.
In this Fool Live video clip, recorded on April 19, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss the list of regulatory disadvantages Jamie Dimon recently wrote in his letter to JPMorgan Chase (NYSE: JPM) shareholders and why it's such a major benefit to the fintech industry.
Source Fool.com
