Square: An Increasingly Strong Player in Financial Services

Banking Transformed with Jim Marous · Nov 23, 2021 · 37m

In March of 2021, Square Financial Services officially launched its bank after receiving its Industrial Loan Company license from the FDIC a year prior. The Salt Lake City-based bank, is owned by Square, a fintech worth more than all but four US banks according to the KBW Bank Index.

Square Financial Services will offer banking services like deposits and other products, initially to service a nationwide market of small businesses, many that already operate on the Square payment processing platform.

I’m excited to have Square Financial Services CEO, Lewis Goodwin on the Banking Transformed…