Amazon is reportedly in talks to offer bank accounts to its customers.
The move will likely not require the online behemoth to obtain a banking licence, as account holding will be handled by JPMorgan. The company is also reported to be in talks with credit-card provider Capital One.
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Bragi Fjalldal, |
Bragi Fjalldal, CMO, vice-president, product and business development at banking software company Meniga, says the move could finally be a wake-up call to the banking sector.
“Amazon are about to prove that it is possible to disrupt banking without a banking licence,” he says.
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