The E-commerce giant is not letting any industry to stay away from its business model disruption. According to Financial Times Amazon is talking with JP Morgan Chase to offer bank accounts to its clients.
Acquisitions are its biggest strategy to tap the unknown territories and utilize them efficiently in its empire of services. The recent acquisition of RING which is worth $1 Billion to tap the few of the delivery troubles along with a complete home security solution seems a nice utilization of services.
We will be able to know whether it is a small or mid-size bank which would be a part of AMAZON’s next acquisition or strategy.