“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:
- Google checking account.
- Google debit card
- Google AI tool for Paycheck Protection Program loan processing
- 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:
- Consumer prowess
- Technology and analytics expertise“
https://www.google.com/amp/s/www.forbes.com/sites/ronshevlin/2020/05/11/google-the-next-big-fintech-vendor/amp/