Lindsay Davis: Amazon Bank Building

Posted by admin on Monday, October 1, 2018

Lindsay Davis Money Quote saying Amazon wants more people to have access to buying amazon products, so the’ve built a bank to provide financial services to Amazon customers. Lindsay Davis said:
 
Amazon is not building a bank by the traditional definition, Amazon is building financial services products to increase participation in the Amazon ecosystem. Amazon is building a bank for Amazon, and that may be even more compelling than launching a traditional deposit-holding bank. Quote
 

“Amazon is not building a bank by the traditional definition, Amazon is building financial services products to increase participation in the Amazon ecosystem. Amazon is building a bank for Amazon, and that may be even more compelling than launching a traditional deposit-holding bank.” — Lindsay Davis

 
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