Advertisement

Cloud News

5 Rumored Industries That Amazon Might Break Into Soon

Gina Narcisi

Banking

Speculation began swirling at the end of 2017 that Amazon might be trying to break into banking, much to the chagrin of many in the financial industry.

Analysts have predicted that Amazon could throw its hat into the ring as a contender by acquiring a small or midsize bank in 2018. The internet giant already has doled out more than $3 billion in small-business loans to more than 20,000 merchants on its e-commerce platform, according to Bloomberg.

 
Gina Narcisi

Gina Narcisi is a senior editor covering the networking and telecom markets for CRN.com. Prior to joining CRN, she covered the networking, unified communications and cloud space for TechTarget. She can be reached at gnarcisi@thechannelcompany.com.

Advertisement
Advertisement
Sponsored Post
Advertisement
Advertisement