It isn’t every day that Wall Street fails so publicly.
And no, I’m not talking about a big investment firm or commercial bank going under.
Here’s the thing. You and I have been talking about financial technology for several years now. I like to think you have a real inside edge here.
This is a field I literally got involved with in the late 1980s, and have managed to get a piece of every new wave of innovation. Then again, it’s well worth it – global payments total some $100 trillion.
So, for J.P. Morgan Chase &Co. (NYSE:JPM) to tell clients it was shutting down a new app for young people, the offering, called Finn, must have been a train wreck.
Young people are some of the most coveted consumers on Earth because you can keep them for decades. For its part, JP Morgan has built a good digital franchise.
But its future now rides heavily on traditional banking… and physical branches, which most young people hate.
That’s why today, I am going to tell you about a terrific fintech leader that is crushing the broad market by 1,000%…