Fintech threat! Alipay hit $100b in less than a year with zero branches, DBS took 50 years to get there: Piyush Gupta

DBS CEO Piyush Gupta

It has been more than a year since the man who runs America’s biggest bank had warned that Silicon Valley was coming to eat Wall Street’s lunch. “Silicon Valley is coming. There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking,” JPMorgan CEO Jamie Dimon had warned in his annual letter to shareholders in April 2015.

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