Their thriving fintech sector, already facing challenges from the global tech slump, has receded further amongst concerns for safety, staff shortages, and the emotional toll on all involved.
The city’s infrastructure remains intact as the epicenter of the conflict continues in Gaza. Still, workers are disrupted by sirens, calls for military service, and mounting anxiety about the future trajectory of the war.
However, aware that the tech sector feeds the country’s ongoing development, “after an initial shock,” technology companies are attempting to adapt to the conditions. As the war continues, smaller startups could face further challenges ahead.
With employees regularly fleeing to bomb shelters — and some being called away to military service — these technologists must still serve a global clientele while confronting fear and destruction at home.
USA: First Citizens unveils revised SVB community plan worth $6.5 billionThe agreement includes funds for small-business lending and mortgages for low- and moderate-income borrowers in California and Massachusetts. It puts an end to questions about the fate of an $11.2 billion plan that Silicon Valley Bank inked before it failed in March.
USA: A Fintech Titan In Community Banker’s ClothingAlready a force to be reckoned with in Silicon Valley, once-and-future billionaire Jackie Reses is out to disrupt financial services with a 95-year-old Missouri bank without disturbing federal regulators.
Isabelle is a journalist for Fintech Nexus News and leads the Fintech Coffee Break podcast.
Isabelle's interest in fintech comes from a yearning to understand society's rapid digitalization and its potential, a topic she has often addressed during her academic pursuits and journalistic career.