Google: The Next Big Fintech Vendor

A sign of Google is seen at Google's stand during the annual meeting of the World Economic Forum ... [ ] (WEF) in Davos, on January 21, 2020. In an article titled Amazon's Impending Invasion Of Banking, I wrote: "Amazon has no incentive to cut banks out of the lending or deposit business. Amazon can make more money by providing technology services to help financial institutions underwrite, process, and service loans. Banks will gladly pay for this, because Amazon will do it for a lower cost that what banks incur to do it today." My argument then, as it is now, is that Amazon is poised to be a vendor--not a competitor--to financial institutions.