Goldman is building technology to offer loans via Amazon. The loans would include Goldman’s brand and could launch as soon as next month, according to one person briefed on the talks. (Financial Times)

Talking point: This would be Goldman Sachs’s second partnership with a major tech firm, following last year’s launch of a credit card with Apple. Goldman is expanding from investment banking to offering a larger array of financial services. It’s still in the early stages (consumer ventures made up less than three per cent of revenue in 2019) but has already racked up US$7 billion in consumer loans and card balances. Amazon’s small business-loan growth has been uneven in recent years, and it’s facing new pressure from other tech firms. Last month, Shopify announced its own small business-lending initiative.