Amazon is entering the financial services market. While projects are still in the early stages, some estimates claim that Amazon could have as many as seventy million banking customers within five years.
With Amazon looking to offer financial services through its e-commerce accounts, the potential audience is huge. Its entry into alternative lending and similar strategies can seem daunting. However, this move offers banks insights into the sector.
Most notably, Amazon’s tactics highlight just how much banking and technology are now tied to one another. With some backend tech resources, organizations can now launch new services for banking customers quickly and respond to changing market dynamics. If you want to keep up, contact GDS Link and we’ll help you get the risk analytics base you need to innovate in a hurry.