Amazon seeks bank partnerships on branded checking account
03/05/2018
Amazon is reportedly in talks with JPMorgan and other big banks about building a checking account-like product for its customers. Amazon is focused on creating a product that would appeal to younger customers and those without bank accounts. Experts say offering a product that is similar to a branded bank account could help reduce fees Amazon pays to financial firms and provide it with consumer income and spending data.
Source: Wall Street Journal