Amazon Continues to Flex their Muscle in Financial Services

The Wall Street Journal took a look at the relationship that’s evolved between JPMorgan Chase CEO Jamie Dimon and Amazon CEO Jeff Bezos; Amazon might not be a financial services company just yet but the firm is having a profound effect the space; JPMorgan Chase used to be the main driver of the conversation but it has since ceded that mantle to Amazon; the firm has forced banks like Chase to accept their terms on rewards card and has most of Wall Street wondering if they will make the move to become a bank; the article also delves into Bezos trying to hire Dimon, the potential partnership on a checking account and how JPMorgan Chase has changed to be more like Amazon. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.