Tom Michaud

speaker

480 appearances 1 recordings 1 series first heard Jun 2026 last heard 3 Jun

Tom Michaud’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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But JP Morgan spends more money on tech than most of the number of tech companies in the world.

So if they spend more money on tech than the tech companies, they probably can be a pretty good fintech company themselves.

That's how I take that.

Same thing with Bank America.

Same thing with Morgan Stanley and Goldman.

So the amount of spend is incredible.

100%.

And they're opening in Germany.

I would expect, if you're kind enough to have me back in five or 10 years, they will have lots of market share in those countries, in my opinion.

But to get back to scale, so in the United States, there's something that I don't think everybody realizes.

There are 4,300 or so banks

120 of them are above 10 billion in assets.

97% of the industry are what you could describe as community banks.

They're in a class by themselves.

They can't afford that type of innovation.

They have to rely on providers to get them there.

But there can be tremendous success being a fast follower.

But what you need is you need Fiserv.

You need FIS.

You need Jack Henry.

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