10/13/2021

The Next Phase in Banking’s 
Digital Evolution

Just a few months after earning an industrial bank charter from the Federal Deposit Insurance Corp. and opening its bank, the payments company Square unveiled its small business banking suite, aptly dubbed Square Banking. Square had already extended more than $9 billion in business loans since 2014; to this it added a savings account with automated savings and financial management tools, and a checking account that provides instant access to card sales processed through the Square platform, a debit card and integration with Square’s payroll solution. It’s just another notch on Square’s belt. The company has continually expanded its payment…

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WRITTEN BY

Emily McCormick

Vice President of Editorial & Research

Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program. In addition to regularly speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily regularly writes and edits for Bank Director magazine and BankDirector.com. She started her career in the circulation department at the Knoxville News-Sentinel, and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.

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