Square Receives FDIC Approval, Aims to Open a Bank By 2021

  • “The company will be primarily offering deposit products and small business loans for Square Capital’s commercial lending business.
  • Additionally, companies like Alphabet’s GOOGL Google, Amazon AMZN and Facebook are leveraging the power of artificial intelligence (AI), machine learning (ML), augmented reality (AR)/virtual reality (VR), data analytics and cloud technologies to make advances in this particular sector, in turn intensifying the battle.”


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