Marcus, Zelle and Concord.
They’re not names for Silicon Valley start-ups, nor is this list drawn from a pre-K register in Brooklyn’s Park Slope. This is what Wall Street has been doing to defend itself from the growing threat of financial technology, or fintech.
“They’re reacting to the realization of what customers are using,” said Bob Ramsey, senior vice president of equity research at FBR & Co.
And most customers are using their phones increasingly often.
