James P. Gorman Quotes

Our approach to banking is very different from the traditional banks or even some of the new banks. We do not necessarily go out and write single-cheque, large-ticket loans.

I think that, in addition of the intersection of media and technology, there has also been an intersection between technology and finance, which is something I find a little closer to home, seeing as I spend so much time covering Wall Street banks.

I keep wondering at night, 'Will I have a bank the next morning, or will some technology company be doing banking without needing a bank?'

If we want to be the banker to every Indian as we want to be, then we will have to use technology.

The changing nature of money is only one facet of the financial services revolution.

Elon Musk with PayPal revolutionized banking.

Technology has come a long way since PayPal.

The financial world is at the cutting edge of high technology.

Even if it does not become cashless economy, it will become a less cash economy, and I think that itself is going to be a good and big achievement, and I think we are, as a country, gone through many of large changes, and ICICI has been a leader in many of them.

All of the marketplaces like Prosper, LendingClub, etc., as they get larger, they flip from being retail capital to institutional capital.

Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!

I want the best people, not just on the banking side but on innovation and technology.

The blockchain is the financial challenge of our time. It is going to change the way that our financial world operates.

I think fiat currencies will become digital.

The main event isn't bitcoin. It's using the blockchain to disrupt other industries and Wall Street.

Countless banks around the world are already testing distributed ledger systems in proof-of-concept trials.

Digital payments have already made it easier to move and manage money. While there's more work to do, the potential is real and understood.

A lot of financial technology is foolhardy. Saying, 'We're going to kill banks. We're going to disrupt everything,' ignores some realities.

Everyone has all the power of a bank branch in the palm of their hand. And so in that world of software at scale, theoretically the incremental unit cost of something at scale approaches zero.

I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. Because I know how powerful the technology is.

The only thing useful banks have invented in 20 years is the ATM.

We created Addepar because we saw a place where a multi-billion dollar global platform clearly should exist - but did not yet - to fix many of the challenges that exist in the finance industry.

Liverpool, Manchester, Newcastle and Leeds have successful financial services sectors. There are good universities there which provide great opportunities for local technological innovation. And there are strong multinational and family businesses.

Bitcoin has the potential to destroy credit cards and banks as we know it. Maybe that is a good thing or a bad thing, but I like the idea that if someone needs to remit payments, they can do it without being gouged.

The reality is that unless you understand the regulatory environment and payment structure, you can't revolutionize it. I think most tech companies and startups have come to this realization: that you have to partner with people in the ecosystem.