🏦 DEFENSIVE STRATEGY: JPM sees billion-dollar businesses like Plaid, Cleo ($280M ARR), and CreditKarma ($7.1B acquisition) built on “their” data. Classic innovator’s dilemma—they’re trying to tax innovation instead of embracing it.

🏦 DEFENSIVE STRATEGY: JPM sees billion-dollar businesses like Plaid, Cleo ($280M ARR), and CreditKarma ($7.1B acquisition) built on “their” data. Classic innovator’s dilemma—they’re trying to tax innovation instead of embracing it.

— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025

🏦 DEFENSIVE STRATEGY: JPM sees billion-dollar businesses like Plaid, Cleo ($280M ARR), and CreditKarma ($7.1B acquisition) built on “their” data. Classic innovator’s dilemma—they’re trying to tax innovation instead of embracing it.

🌍 GLOBAL CONTEXT: Cross-border remittances cost 6.35% using traditional rails vs 0.5-3% with stablecoins. Sending $200 US→Colombia: $12.13 traditional vs $0.01 stablecoin. The infrastructure disruption is already happening globally.

⚖️ REGULATORY ARBITRAGE: While EU’s PSD2 mandates free data access, US banks exploit regulatory uncertainty. But consumers generate this data through their transactions—banks store it, they don’t own it. Just charge for storage right?