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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Although Bill Me Later was quickly scooped up by PayPal in 2008, Amazon has remained focused on reducing payment friction for customers. The 2017 FDIC National Survey of Unbanked and Underbanked Households shows: Approximately 6.5% US households, composed of 14.1M adults and 6.4M children, were unbanked in 2017. Approximately 24.2M

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Joseph Otting Confirmed As Next OCC Head

PYMNTS

Bank, Union Bank and most recently as the chief executive officer of OneWest — the lender that Mnuchin created on the heels of the real estate crash back in 2008. Keith Noreika has been advocating easing the sanctions slapped on Wells Fargo ever since he took control of the OCC in May, Reuters stated.

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