Google: The Next Big Fintech Vendor

“Google’s Banking Forays
Four recent stories regarding Google signal that it, too, is following a similar path and is on its way to becoming the next big fintech vendor:

  1. Google checking account.
  2. Google debit card
  3. Google AI tool for Paycheck Protection Program loan processing
  4. Google Cloud bank deal

With all the talk in the industry that Big Tech firms like Amazon and Google are going to “cut out the banks,” why would a bank hire Google as a technology vendor? Two reasons:

  1. Consumer prowess
  2. Technology and analytics expertise“

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