Goldman, JPMorgan seen as gaining most from tech while Amex suffers

New York

GOLDMAN Sachs and JPMorgan Chase will probably benefit most from the coming wave of financial technology disruption, rather than being supplanted by startups driving the change, according to an Autonomous Research survey.

The two firms have the best track record of implementing technology and will be able to successfully learn from new entrants in payments, blockchain and automated investing, said Brian Foran, an Autonomous Research partner who ran the research firm's survey this month. Eighty-five per cent of the 150 executives and investors predicted selected disruption or a mix of winners and losers, while 14 per cent thought banks face a significant threat.