Digital Banking 2020

American Express isn't acquiring any loans in its deal for the online small-business lender. Here's what it is getting.

Jane Gladstone, new president of Promontory Interfinancial Network, says the recession will accelerate the shakeout among the nonbank disruptors and that small banks have an opportunity to forge new bonds with the survivors.

Other challenger banks focused on personal loans have struggled since the onset of the coronavirus pandemic.