1 Jul 2021

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.

Banking, Member Exclusive

How banks have stopped thinking in products and started thinking in customer journeys

• As banks weave AI into their customer experiences, many are looking for ways to translate years of customer data into a more complete picture of each customer's needs and context.
• The difference isn't the data itself, but how well a bank makes sense of a customer's context and goals and builds the right response around that.