FinTech Assignment (Due by June 6) Finding the Future with Fintech—“Bank of Amazon”

Amazon is building a Bank of Amazon, offering financial products from payment, lending, to insurance. Please research on Amazon’s fintech services and address the following questions.

1. Please pick two of the fintech services of Amazon and discuss the following questions. How does these two Amazon financial service work? Who are the main clients or users of these two financial services, respectively? In your opinion, how could Amazon manage the business and credit risks related to these services?

2. How are these fintech services related to Amazon’s traditional retail business?

3. What are the competitive advantages and disadvantages each of Amazon’s fintech services relative to 1) traditional banking services and 2) pure Fintech players?

4. Discuss the threats and opportunities posed by Amazon to incumbent banks and traditional financial institutions?

5. Please discuss the implementation challenges of Fintech innovations (e.g., regulation, adoption, technology infrastructure)

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and the critical elements that need to be considered for the success of each Amazon’s Fintech services.

6. Do you think the success of Amazon’s fintech innovations can be replicated by other retailers, such as WalMart, Target, BestBuy, and Costco?

7. What are pros and cons of the tech giants entering into fintech? Please discuss the question from the view of shareholders, consumers and regulators, respectively.

Suggested reading list:

CBInsights–Everything You Need To Know About What Amazon Is Doing In Financial Services (https://www.cbinsights.com/research/report/amazon-

across-financial-services-fintech/#product)

BIS.org–Big tech in finance: opportunities and risks (https://www.bis.org/publ/arpdf/ar2019e3.pdf)

Amazon Forges Financial Alliances as Bank Execs Brace for Full Invasion (https://thefinancialbrand.com/84807/amazon-banking-checking-payments-small-business-

lending-prime/)

Please feel free to use graphics, data, and links to other sites to corroborate your points.

Please note that your report contents should cover the above aspects but please do NOT write the article in the format of Q&A. Your article should be in the typical format of WSJ or Forbes articles.

The main body of your article should have at least 700 words but no more than 1000 words. Please include a “Reference” section at

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the end of your article.