American Express Takes on Square, On Deck Capital

The video discusses American Express's new online loan platform for small businesses, highlighting its unique position in the market compared to competitors like JP Morgan and Wells Fargo. The platform targets existing Amex customers, offering short-term loans up to $750,000. This initiative aligns with Amex's strategy to focus on B2B services, expanding their offerings beyond traditional credit card services. The video also explores the competitive landscape and the potential business impact for American Express.

What is the primary focus of American Express's new online loan platform?

• Online loan platform for small businesses

• Loans for large corporations

• Credit card rewards program

• Personal loans for individuals

Who is eligible for the small business loans offered by American Express?

• New customers only

• Existing American Express cardholders

• Any small business

• Businesses with over 100 employees

What is the maximum loan amount that American Express plans to offer through this platform?

• $750,000

• $250,000

• $500,000

• $1,000,000

How does American Express's new platform align with their strategic focus?

• It focuses on consumer credit cards

• It targets international markets

• It emphasizes a pen-centric approach

• It aligns with a more B2B-centric strategy

Which companies are considered competitors in the B2B working capital loans market?

• PayPal and Square

• JP Morgan and Wells Fargo

• On Deck and Lending Club

• Visa and Mastercard