American Express and Kabbage made headlines this week with reports the card company is looking to acquire the fintech for $850 million. Industry thinkers point out Kabbage could provide AmEx with a strong technology platform and the ability to reach new clients. Big banks, meanwhile, spoke with Bank Innovation about the spikes in mobile adoption they are seeing since the pandemic began.

Find this and more in today’s edition of The Weekly Wrap, featuring Rick Morgan and Jeffrey Tower, vice president of marketing and business development at ChargeAfter, for the week ending Aug. 14, 2020.