What an Amazon and Goldman Sachs partnership means for Wall Street and fintechs
Last year saw a series of announcements from Google, Apple, Facebook, and Amazon quartet moving further into financial services.
Why? The headache of getting, and maintaining, a banking license is too big a risk for these companies when they can enter the market with licensed partners. The Apple Card, Mastercard, Goldman Sachs collaboration is the model to follow. Apple gets the service to users, while Goldman gets to compete with Citi, Chase, and others with the benefit of one of the most trusted brands in the world.
Rather than offering one-size-fits-no-one products, they would be better looking at services that can be tailored to individual groups. To date that has tended to mean a generic digital service labeled as being aimed at millennials when in reality it means, mom and pop store owners, freelancers, gig economy workers and so on.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Amazon logistics boss Dave Clark runs marketing prime drone robotics - Business InsiderAn Amazon exec who was a Kentucky warehouse manager is now one of Jeff Bezos' most powerful generals, overseeing marketing, logistics, Prime and drones. Meet 'the sniper' and his 15-member team.
Les mer »
Jeff Bezos raked in $3.5 billion in 4 days by selling Amazon stockThe online-shopping giant's founder and CEO sold more than 1.7 million shares, or about 3% of his total holdings.
Les mer »
Amazon Prime Air partner lays off nearly 3,000 workers - Business InsiderTexas-based Pinnacle Logistics plans to lay off thousands of workers in Rockford, Illinois and Baltimore, Maryland.
Les mer »
Fitness Fanatics, These 20 Amazon Products Are Editor-ApprovedYou can buy almost anything on Amazon, and that includes some top-notch fitness products. From healthy snacks to home workout gear and even self-care items,
Les mer »
I Consider Myself a Snacking Expert, and These Are My 13 Healthy Favorites on AmazonIt's safe to say I'm a snacking aficionado; I can't go a day without some kind of afternoon snack. As someone who prioritizes healthy eating but still has a
Les mer »
Lifeblood of Amazon merchants threatened as coronavirus infects Chinese workersAmazon.com Inc sellers are bracing for product shortages as Chinese workers - wo...
Les mer »