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The Street

Video: You May Soon Have a Checking Account With Amazon

Video: You May Soon Have a Checking Account With Amazon

  • março 31, 2018
  • min read

The Street

Video: You May Soon Have a Checking Account With Amazon

If Amazon moved into consumer banking, they would likely be the low cost alternative to consumer banks, given the company's track record of lowering costs for consumers.

"The disruption is a big threat for the industry," said Gerard du Toit, a partner at Bain & Co., adding that banks are deciding whether to participate in Amazon's potential disruption or compete with it.