JPMorgan's $20 Billion Tech Bet Could Shrink FinTech's Innovation Edge

As large banks modernize, FinTech’s edge in speed and UX may shrink, pushing startups toward niche innovation, partnerships and infrastructure rather than end-to-end disruption.Competitive advantage is moving from balance-sheet scale to software and proprietary data, enabling automated decisioning, embedded finance and platform-style banking models.Updating the banking core has traditionally been viewed as akin to docking a cruise ship, with modernization serving as shorthand for incrementalism. Digitize th ...