December 1, 2017
"Amazon knows something about me that a bank never will. It knows everything about my revenue, and they know my audience – that's something that I might not even know. It lets Amazon take this risk that a bank cannot," said Lex Sokolin, Global Director of FinTech Strategy at Autonomous Next. "Information makes risk-taking cheaper because you know who's going to default and who's not. It shows you how much more insidious it is to compete with a platform that truly knows you and your data."