Fintech concept. Financial and Technology. Gold coins on banknotes and abstract binary code cryptocurrency or digital money. global money, . concept of financial world, finance and banking international. Source: Adobe Stock.

In 2021, Jaime Dimon famously proclaimed his $3.9 trillion financial institution should be "scared sh*tless" of the fintechs. The recent proposal by the CFPB to "jump-start" open banking demonstrates how right he was.

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