Even though it does have a lending operation Amazon did not take part in the Paycheck Protection Program directly; but...
SunTrust Bank, Ally Ventures and Amazon Alexa Fund teamed up with others to raise $16mn for Greenlight Financial Technology; Greenlight makes smart debit cards for kids and college students to spend more wisely; The company also offers a mobile app complete with parental controls so parents can teach their kids how to spend; this is a further jump into financial services for Amazon as it looks to enter the space through the partnership model. Source
Patrick Sells is the Chief Innovation Officer of Quontic Bank, a community bank based in New York; he is American...
American Express started making the slow transition a few years ago to cloud computing but the pandemic forced wide adoption...
Digital banking is becoming more important than ever during the pandemic and leading VC Andreessen Horowitz believes branches are not...
The Wall Street Journal took a look at the relationship that’s evolved between JPMorgan Chase CEO Jamie Dimon and Amazon...
The continued push by Amazon into financial services could have a bigger effect on startups over banks; Nicolas Parmaksizian, global head of Capco digital, tells TearSheet, “If you combine an Amazon with a Capital One, you’re combining the amazing power of Amazon and Capital One’s data analytics, and that’s a challenging thing to compete with as a startup banking brand.”; digital only banks look to offer a better experience at a lower cost than the traditional banks, adding Amazon into the mix could drown out those startups before they ever get going. Source.
American Banker has released their list of the most powerful women in banking under 40; the 15 women are from...
American Express has historically focused on building their own products but the firm is now open to more partnerships to...
Big Banks vs. Silicon Valley Startups – Whose Customer Financial Data Is It Anyway? Mixed Bank Earnings; PeerIQ’s Modeling Archive...