Source: Open Banking

The Signal: There’s a new wave of consumer-facing tech companies that are providing a range of add-on financial services to their core offering — while heavyweights like Amazon (e.g., Amazon Lending and Amazon Cash) and Apple (e.g., the Apple credit card) continue to invest in the financial services space. 

Just last week, Google announced that it would be expanding its digital banking services in the US. The company has teamed up with a further 6 banks, adding to its existing banking partners Citi and SFCU, to offer bank accounts to Google Play users. 

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