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As banks become tech-driven, regulation needs to keep up

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A little over a year ago, JP Morgan's chairman and CEO Jamie Dimon gave a wake-up call to the banking and financial services industry (BFSI) by saying "Silicon Valley is coming".

A LITTLE over a year ago, JP Morgan's chairman and CEO Jamie Dimon gave a wake-up call to the banking and financial services industry (BFSI) by saying "Silicon Valley is coming".

In his report to shareholders last year, Mr Dimon noted that there were hundreds of startups "with a lot of