Daily Tearsheet: How Amex uses Kabbage to help SMBs with cash flow, and why regulators are cracking down on bank-fintech partnerships


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Daily Tearsheet: How Amex uses Kabbage to help SMBs with cash flow, and why regulators are cracking down on bank-fintech partnerships

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How Amex uses Kabbage as 'the heartbeat' of its strategy to help SMBs with cash flow

In this episode of the Tearsheet Podcast, CMO Kabbage from American Express, Brett Sussman joins host Zack Miller, Tearsheet’s editor-in-chief. 

American Express' Kabbage is growing and evolving. As a standalone company, we’ve known Kabbage as a small business lender, and post-acquisition, as part of Amex’s strategy, it’s expanding its lending capabilities into becoming a cash flow home base for the firm’s SMB clients.

Sussman talks about the opportunities and challenges SMBs face, and how Amex and Kabbage are working to support them. He discusses the evolution of Kabbage as a product, and Amex in general as it expands to meet the needs of small businesses. He also talks about Amex’s two-pronged strategy to grow Kabbage.

Listen / read more

Why are regulators cracking down on bank-fintech partnerships?

Across the board, federal banking agencies seem to be preparing to clamp down on market activities by enforcing regulations in the finance industry. Just recently, CEOs of the largest banks in America were summoned to Capitol Hill, and probed on all manner of issues ranging from the war in Ukraine to their role in slavery.

Perhaps it’s a political tactic to appear busy due to the upcoming elections. Or a more cosmic shift is at play, with the new moon in Libra suggesting new legal developments are in order. Not fans of speculation, Tearsheet deferred to Brian Graham, partner at Klaros Group, to help us make sense of what is happening.

Read more (exclusive to Outlier members)

Just look at the charts

1. BaaS could hit mainstream adoption within 2 years

SourceDavid Jimenez Maireles

2.  Key differences between traditional apps and super apps

Source: Nicolas Pinto

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