amazon

Amazon mulling checking-account like product with big banks: WSJ

(Reuters) – Amazon.com Inc (AMZN.O) is in talks to create a checking-account-like product with big banks such as JPMorgan Chase & Co (JPM.N), the Wall Street Journal reported, citing people familiar with the matter.

The process is still in its early stages and may not be completed, the report said.

Amazon’s talks with financial firms is an attempt to create a product to attract younger consumers, mainly those without bank accounts.

Whatever its final form, the initiative would not see the online retailer become a bank, the report said.

The e-commerce giant has been contemplating getting into the finance sector for years.

The company is trying to bring Amazon Pay to brick-and-mortar stores, the WSJ report said, adding that it is likely to begin with Whole Foods, which Amazon bought last year.

Article Source: Reuters

CloudBuzz

The latest in curated technology related news collected from many of the leading news distribution, industry research and technology vendor firms on the planet.

Here you will find recent news sources from companies such as Reuters, Marketwired, IDC, Gartner or directly from cloud vendors such as Google, Microsoft or Amazon.

Get Used To It – Artificial Intelligence For Real-time Gas Pricing

Get Used To It – Artificial Intelligence For Real-time Gas Pricing

Real-time Gas Pricing Get used to it – we will extract every dollar you can afford at your friendly … ...
The Cloud Debate - Private, Public, Hybrid or Multi Clouds?

The Cloud Debate – Private, Public, Hybrid or Multi Clouds?

The Cloud Debate Now that we've gotten over the hump of whether we should adopt the cloud or not, "which ...
The Future of Big Data and DNS Analytics

The Future of Big Data and DNS Analytics

Big Data and DNS Analytics Big Data is revolutionizing the way admins manage their DNS traffic. New management platforms are ...
What You Need To Know About Choosing A Cloud Service Provider

What You Need To Know About Choosing A Cloud Service Provider

Selecting The Right Cloud Services Provider How to find the right partner for cloud adoption on an enterprise scale The ...
Backups And Disaster Recovery Are Not The Same Thing

Backups And Disaster Recovery Are Not The Same Thing

Backups And Disaster Recovery Most business owners are aware of the consequences of losing data. Much of the value of ...
Four Cloud Security Mega Trends

Four Cloud Security Mega Trends

Cloud Security Trends Last year was a big year for the cloud. Cloud adoption continued to grow at a rapid ...
Tainted, crypto-mining containers pulled from Docker Hub

Tainted, crypto-mining containers pulled from Docker Hub

Security companies Fortinet and Kromtech found seventeen tainted Docker containers that were essentially downloadable images containing programs that had been designed to mine cryptocurrencies. Further investigation found that they had been downloaded 5 million times, suggesting that hackers were ...
NVIDIA Opening AI Research Lab in Toronto, Following Move in Seattle

NVIDIA Opening AI Research Lab in Toronto, Following Move in Seattle

Toronto is a thriving hub for AI experts, thanks in part to foundational work out of the University of Toronto and government-supported research organizations like the Vector Institute. We’re tapping further into this expertise by investing ...
Worldwide Spending on Industry Cloud by Healthcare Providers Will Be More Than Twice the Size of Financial Firms’ Industry Cloud Spending in 2018, According to IDC

Worldwide Spending on Industry Cloud by Healthcare Providers Will Be More Than Twice the Size of Financial Firms’ Industry Cloud Spending in 2018, According to IDC

FRAMINGHAM, Mass. June 14, 2018 – Industry cloud spending across four major industry groups (finance, manufacturing, healthcare, and the public sector) will total $22.5 billion globally in 2018, according to a new Worldwide Semiannual Industry Cloud Tracker from ...