You know what keeps Wall Street up at night? The idea of today’s tech giants deciding to play in their backyard.
In the wake of the recession, trust in Wall Street has faltered. And yet, trust in firms like Google (GOOG ) and Amazon (AMZN ) has only increased. The idea of GOOG buying an asset manager or Amazon distributing mutual funds may seem far-fetched at first. But it isn’t out of the question, given big tech’s focus on disruption.
And we may be asking Alexa for our retirement information sooner than later.
A leading technology payment producer has recently partnered in a big way with a new leading investment platform. For the industry, it could be the first salvo in big tech’s advancement into the financial sector. For investors, it could continue to be a big win.