Posts Tagged ‘financial services’
Dan Davies: Social Security Ponzi
on Saturday, November 4, 2023Meaning of Dan Davies Money Quote: saying Financial services companies want a bit of Social Security in fees. Dan Davies said:
“The claim that Social Security is a Ponzi scheme is itself part of the basis for calls to dismantle it and replace it with something that’s easier for the financial-services industry to charge fees on” — Dan Davies
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Lindsay Davis: Amazon Bank Building
on Monday, October 1, 2018Lindsay 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.” — Lindsay Davis
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David Hockey: All Companies Use FinTech
on Sunday, May 6, 2018David Hockey Money Quote saying All business is now requiring tech aspects and many may find themselves integrating with fintech to offer aspects of financial services. David Hockey said:
“Every company is becoming a tech company, and we have this thesis that every company needs to be a financial services company, too” — David Hockey
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David Hockey’s thesis is that every company needs to integrate financial services aspects into their business in some way. In the quote from the article, he says “Every company is becoming a tech company, and we have this thesis that every company needs to be a financial services company, too.”
His point is that as technology becomes more integrated into all businesses, companies will find it necessary to offer some type of financial services or products to their customers in order to remain competitive and meet customer needs.