TECH COMPANIES IN FINANCIAL SERVICES: How Apple, Amazon, and Google are taking financial services by storm
This is a preview of the TECH COMPANIES IN FINANCIAL SERVICES research report from Business Insider Intelligence.14-Day Risk Free Trial: Get full access to this and all Payments industry research reports.Tech giants are set to grab up to 40% of the $1.35 trillion in US financial services revenue from incumbent banks, per McKinsey. Three of the largest US tech companies - Apple, Google, and Amazon - are particularly encroaching on financial services and threatening incumbents with their size and ability to attract massive, loyal user bases.Apple is deepening its financial services play as a means of invigorating revenue, and its expertise could make it a legitimate threat to legacy players. Google's platform-agnostic approach, wide international penetration, and top talent position it as a
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