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.
1 reply 2 retweets 10 likes -
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
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Replying to @cherian_abraham @peter and
Best 2 be in flow of funds for ease of repayment; adjusting amount as revenue ebbs and flows a la
@square@PayPal1 reply 1 retweet 6 likes
Erin, Yes! Absolutely. We are only seeing the first act here. Let me tell you there is more to this.
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