Your Next Bank Will Be a Tech Giant
Tech giants like Google and Apple, the latter of which reported 1.4 billion users on its platform last year, understand consumers’ expectations, and are capitalizing on huge customer bases and loyalty. Tech giants have massive distribution systems and their insight into their customers is greatly superior to any financial system. This aspect alone allows them to effectively bundle financial products into an existing ecosystem. Amazon started out selling books; now it’s the first place most people look to buy products, get groceries delivered, furniture assembled, cleaning services, watch TV via its streaming service, and more.
Jaclyn Robinson
,
Senior Manager of Content Marketing
at
Crunchbase