They made their name on Wall Street. Now, they are trying to disrupt it.
Some of world’s highest profile bankers have poured millions of dollars into the booming fintech sector during the past year as they tap into new technology providing online financial services from payments and lending to digital currencies and cross-border transfers.
This month Blythe Masters, the former JPMorgan banker who pioneered the use of complex derivatives, was said to have turned down the job of running Barclays to focus on Digital Asset Holdings, a New York-based start-up designed to accelerate derivatives trading by using technology associated with bitcoin.
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