1 Jul 2021

The Quarterly Review

The Quarterly Review: PayPal’s Jeff Pomeroy on scaling the firm’s payment services, and how crypto and agentic commerce fit in

• Pomeroy delivers on all three priorities set six months ago: near-universal tokenization adoption, PayPal's first omnichannel government deal, and Australia/Europe fully unified onto one global platform.
• His remit expands into Payment Services & Crypto, merging enterprise and small-business processing with crypto's 600M wallets.

Banking, SMB Finance

How BILL is becoming the financial backbone of the SMB economy

• BILL is embedding AP payments directly into major ERP and payroll platforms, turning fragmented SMB finance stacks into one seamless workflow with an 8M-business network behind it.
• New AI agents are slashing manual work in tax form collection and reconciliation by 80%+, part of BILL's bigger bet on becoming the financial infrastructure layer for the "Fortune 5 Million."

10-Q, Member Exclusive

Forget the earnings. Watch where these fintechs are placing their bets.

• Chime, Block, and Circle each used the quarter to make the case for where fintech’s next moat will be built.
• Chime is finding a lending advantage in the direct-deposit relationship, Block is rebuilding around AI, and Circle is betting that the bigger opportunity lies in owning the infrastructure beneath stablecoins.

Member Exclusive, Opinion

Have we mistaken ChatGPT-like LLMs and AI agents for the whole transformation?

• The industry is increasingly asking: What needs to surround AI before we can trust it?
• AI needs four things to work well in financial services: data, context, governance, and human oversight. The first two sharpen its intelligence; the latter two make it trustworthy.

10-Q

The Week in Market Moves | July 30-Aug 06, 2026

• This analysis tracks recent specific company developments and how markets responded, anchored to Thursday's close.
• This week’s prominent moves came from Mastercard, Wells Fargo, Chime, J.P. Morgan Chase, and Block.