I work for a chartered bank, I can tell you that nobody in upper management is nervous. Questions about this often come up during town halls or department wide

I work for a chartered bank, I can tell you that nobody in upper management is nervous. Questions about this often come up during town halls or department wide meetings, the justification is always that they already have the clients, and that clients are sceptical of financial startups. As a regular employee I just laugh it up, and watch startups launch similar products 10 times faster than we ever could. A startup could build an entire product, while my team is trying to get approval to even get considered for a launch.