How the banks are fighting disruption

Livewire Exclusive

Livewire Markets

A few years ago, there were concerns over ‘disintermediation’ of the major banks – fintech disruptors were slowly chipping away at the various services the banks provide. Now, it’s a very different story. The banks are spending up on technology investment, with JP Morgan dedicating US$9B to technology each year.

“It will be difficult for Deutsche Bank to compete against JP Morgan in the next cycle, given the amount that JP Morgan can spend on technology, versus what Deutsche Bank has been able to spend. That’s where the difference between the winners and the losers will appear”

In the video below, Amit Lodha, Portfolio Manager of the Fidelity Global Equities Fund, explains how banks have been dealing with the fintech threat both on a global and local scale.

 

For further insights from Fidelity International, please visit our website


2 contributors mentioned

Livewire Exclusive
Livewire Markets

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment