Why Amazon Might be Looking to Team up With Big Banks
Amazon is looking to team up with banks to build a checking account-type product. The e-commerce giant is in talks with JPMorgan Chase according to the Wall Street Journal. Emily Glazer, banking reporter at the WSJ, explains her outlook for Amazon's ability to enter this sector.
"The Amazon effect is everywhere," says Glazer. "Banks would have a huge advantage of tapping into Amazon's data, their technology and then Amazon would have a huge advantage of not becoming a bank, not having to deal with stringent financial regulations, and capital restrictions, and all that comes with becoming a big bank."
But at what point does Amazon go too far with controlling consumers lives? Glazer says millennials don't care as much about privacy and security as older generations.
Adam Bierman, author of 'Weed Empire,' talks about the cannabis business in America and how he battled the Department of Justice and investment banks. Watch!
Hoyt McGarity, CEO & President of 8AM Golf, joins Cheddar to discuss TGL and how the technology is changing the game of golf right before our eyes. Watch!
Amy Farley, Executive Editor at Fast Company, joins Cheddar to reveal how the Top 50 companies were chosen for a coveted spot on the list of Most Innovative.
Chris Versace, CIO at Tematica, discusses the fed decision, the current state of the market and how news in the coming days will tell us even more. Watch!
