Incumbent US banks — JPMorgan Chase, Wells Fargo, Bank of America, Citi — that dominate deposits, lending, and payments despite clunky software. The fintech narrative treats them as disruption targets; William Hockey argues the opposite. In his thesis, legacy banks will be the biggest AI winners because they already own the distribution, the trust, and the balance sheet — exactly like John D. Rockefeller's Standard Oil harnessing a new infrastructure wave rather than being killed by it.
Legacy Banking
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- COBOL Linked from · References
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