Would Fintech Companies Be in Trouble During a Recession?
It's been an amazing decade of innovation in the financial technology, or fintech, industry but it's also important to realize that the economy has been quite strong for much of this time. There's simply no way to know how many of the biggest fintech disruptors would perform in a severe or prolonged recession -- and because most benefited from the unique circumstances of the COVID-19 pandemic, it didn't tell us much.
In this Fool Live video clip, recorded on April 12, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss what JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon recently said about fintechs, and why they could be vulnerable to recessions and other tough times.
Source Fool.com
