Between Google, Amazon, Facebook, & Apple (GAFA)...APPL & AMZN seem best suited (by far) to go upstream & own consumer banking.
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Replying to @mdudas @alexadelman and
USA: Big non-banks can only get into banking as deep as bank-controlled regulators & politicians let them. See WMT bank attempts.
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Replying to @__JasonMarshall @mdudas and
Yes; of interest will be how far into bank-like svcs big cos can go w/o running into regulation. But that may look v diff than banking today
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Replying to @peter @__JasonMarshall and
Gentalmen, Amazon has the best data on the planet to not only be in merchant payments but to underwrite loans. Watch this space.
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Replying to @BrianRoemmele @__JasonMarshall and
Yeah, it's the closed-loop / private label payments and merchant lending that could get really interesting over time.
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Replying to @peter @BrianRoemmele and
Not just Amazon, but also Alibaba and http://JD.com in China and others who have enough data to bring supply chain finance to mkt
4 replies 0 retweets 4 likes
Cherian, indeed. Astute insights sir. The awakened giants.
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Replying to @BrianRoemmele @cherian_abraham and
fee fi fo fum i smell the blood of an archaic system
0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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