Amazon to Court Sovereign Wealth Funds for Lending Platform
As traditional banking services shift onto the online world, larger technology players are becoming involved. Amazon.com is looking to ramp up its presence in the online business lending game to compete with companies such as Lending Club and On Deck Capital. Online retailing giants such as PayPal, and Alibaba Group, have gravitated toward credit programs to enhance their vendor base. Alibaba has Ant Financial under its toolkit. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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