Embrace innovation, transform finances Traditional banks meet big tech and fintech.

January 15, 2024
1 min read

The recent announcement of Paze, a mobile wallet backed by banking giants like JPMorgan Chase, Bank of America, and Wells Fargo, marks a significant shift for legacy banks in their attitude to fintech. High street banks are seeking to fend off the encroachment of Big Tech, companies like Apple, Google, and Elon Musk’s X (formerly Twitter) into the financial services sector, but they may have missed the boat.

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