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Banks Need to Play Catch Up with Amazon And Other Tech Giants When it Comes to Open Banking

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EXCLUSIVE—Tech giants have already figured out open banking, and more than the growth of fintech firms, this should make financial incumbents nervous. “You don’t need a banking license, which some of them have, to [create] financial services that people use: services like Amazon Lending, PayPal Credit, whatever it is,” Louise Beaumont, strategic advisor for SapientRazorfish […]

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