Google's Pivot Away From Bank Accounts Shows Why Finance Is a Tough Industry for Tech Giants - NewsBreak
By Bryan in Business
Updated 3 years ago
Google is shuttering its bank account product nearly two years after announcing ambitious plans to take on the retail finance industry. One key factor: The new head of the business, Bill Ready, decided that he'd rather develop a digital banking and payments ecosystem instead of competing with banks, according to a person with knowledge of the decision.