Is Square a threat to traditional banks? #square

Provoke Media

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546 回視聴・ 5いいね・ 2025/03/21

Is Square a threat to traditional banks? #square

Just ask: who is getting all those deposits?

#Fintech #BankingInnovation #EmbeddedFinance #BusinessBanking #DigitalBanking #bankingdisruption #breakingbanks #unbreakthebank

As a part of our “Unbreak the Bank” series, we dissect the most significant existential threat to community financial institutions since the 2008 crisis: the systematic extraction of business banking services into everyday business software.

Community banks are hemorrhaging 12-18% of operational deposits annually to companies that don’t even consider themselves “banks," and they’re moving upmarket.

The competitive battlefield has shifted, and “relationship banking” is not enough to compete. Customers are integrating business solutions into their daily workflow, and banks risk being shut out altogether.

Discover why the future isn’t about being the best business bank – it’s about being a relevant layer in the best business experience.

Fintech Takes founder Alex Johnson and Velocita founder Barb MacLean join host JP Nicols to reveal how embedded lending is systematically dismantling banking relationships as Quickbooks, Square, Toast, and others integrate financial services directly into business workflows, and explore some options for how banks can respond.

Watch the full episode here: • How Software Companies Are Quietly St...

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Contact our Host & Guests on LinkedIn:

JP Nichols: www.linkedin.com/in/jpnicols/
Barb MacLean: www.linkedin.com/in/barbmaclean/
Alex Johnson: www.linkedin.com/in/alexhjohnson/

Learn more about Velocita: velocita.ca/