Thirty-four percent of fintechs expect Big Tech firms will become aggregators of bank and fintech services, per a recent study from Tribe Payments. And 24% of respondents went as far as to say Big Tech firms will compete on an equal footing with banks and fintechs, similar to what has happened with Alibaba-backed Ant Group in Asia.

The report focuses on the top 15 lenders of PPP loans in terms of approved amounts, but it also looks at how fintech lenders—such as PayPal and Square—that were approved late into the first round of PPP fared in round two.

The report will focus on the top 15 lenders of PPP loans in terms of approved amounts, but it will also look into how fintech lenders — such as PayPal and Square — that were approved late into the first round of PPP fared in round two of the PPP, up to June 30. Further, an update will provide final numbers after the expiry of the PPP's second tranche, which is currently slated for August 8.