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

Brandon McGee

6 years ago

“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.”