Arc were one of the self described first responders of the SVB crisis. They have now launched gold to help startups easily diversify risk.
Revolut recently launched their service in the US and has made some recent hires; Bruce Wallace previously served as chief...
The week has ended in a bank run caused by the SVB's "classic balance sheet restructuring" actions. Some are asking, "who is next?"
Days after the chaos, newly appointed CEO of the SVB bridge bank urges customers to hold deposits. Meanwhile regulators investigate the fall.
This week we sat down with Michele to talk about the outlook for financial institutions an innovation in the wake of the SVB crisis.
A majority of fintech companies today focus on providing faster and cheaper financial products to already well-served Americans. While this...
Silicon Valley Bank has a joint venture partnership with Shanghai Development Bank Co. Ltd; the partnership led the bank to open its first Chinese branch in Shanghai in 2012 and the firm has now announced their second location in Beijing; the banking branch in Beijing has 14 employees and will offer services for companies in technology, private equity and venture capital which are a key focus for Silicon Valley Bank globally. Source
BBVA Compass, Capital One, Silicon Valley Bank, Citi, CBW Bank are some of the early adopters of open APIs that are beginning to transform how banking operates; the big question is how open will banking become and will it be mandated by legislation or will banks work with only those they trust; the one thing all banks are starting to do is make bigger investments into digital products, whether through partnerships or development as they see that the old way of banking will not survive. Source.
A week on from Silicon Valley Bank's fall, Fintech Nexus hosted a webinar to discuss what happened and what's next for the institution.
Making news this week were First Citizens Bank, Early Warning (Paze), Apple, big banks vs small banks, the FDIC, venture capital, Binance, HM Treasury and more.