Bank of Google? Not exactly. But fintech's future is in Big Tech's ecosystems
China and the US simply aren't the same place, and happenings there don't necessarily equate to action on the part of US tech companies, Steadman says."Does Apple actually want to get a banking license? I honestly don't know. But would it detract from their core business? Probably."US banking regulations, like many American legal structures with authority split between state and the federal governments, are complicated.
Consider Amazon: It's one of the largest companies in the world, and in the US alone was responsible for 41 percent of ecommerce sales in 2021, as of October of that year. Not only is Amazon an ecommerce platform, but also offers the widest "Amazon is the most formidable. If Amazon can get you lower debt payments or give you a bank account, you'll buy more stuff on Amazon," Rampell said in 2017.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Surprise at 'screech and big bang' as lorry crashes through wallLady Bay Bridge crash 'screeching and big bang' surprises locals as lorry crashes through wall
Read more »
Lewis Hamilton makes U-turn after his 'big up' to British Grand Prix protestors“Lewis was endorsing their right to protest but not the method they chose, which compromised their safety and that of others.' BritishGP 🇬🇧 F1
Read more »
Big Zuu on breaking the mould for cookery showsTV cook Big Zuu reflects on his Dave show's double Bafta win and the importance of representation.
Read more »
Emmerdale's Jeff Hordley reveals 'big and life-changing' new story for CainCain Dingle is enduring the trauma of losing mum Faith, which is driving him close to the edge due to their complex relationship – but there is more drama ahead for the bad boy character.
Read more »
I've got big boobs - a gym blunder had people staring but left me laughingA GYM goer shared a hilarious recent experience she had while working out in public. A Reddit user, who goes by the username u/Excelgirl200, posted about an incident at her gym in the channel r/big…
Read more »