Amazon Could Become the Next Big Bank

The e-commerce giant is positioning itself as a potential financial juggernaut

Aaron Schnoor
Marker
Published in
3 min readFeb 5, 2020

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Photo illustration of the Amazon logo displayed on a smart phone against a colorful stock ticker backdrop.
Photo: SOPA Images/LightRocket/Getty Images

AAfter taking on industries like publishing and groceries, e-commerce giant Amazon has turned its sights on the financial industry. As Steve Cocheo, executive editor of the Financial Brand, wrote in 2018, Amazon is quickly becoming a formidable financial institution…

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Aaron Schnoor
Marker

Wealth Management Professional, Occasional Writer