First Citizens Bank has acquired part of the failed SVB, announced the FDIC yesterday.
As the dust settles after the SVB fall, leaders are looking at ways forward. Many think fintech might have the upper hand.
The whole of finance has felt SVB's ripples. Crypto is no exception. Some are evaluating DeFi as a influencer of changes to the system.
The fintech news this week was dominated by the demise of Silicon Valley Bank, a fast moving story that took less than 48 hours to unravel.
Could AI have prevented the SVB crisis? Maybe not completely, but consumer sentiment analysis could have dramatically reduced its impact.
The Silicon Valley Bank collapse highlighted the importance of a little-discussed but key feature of healthy banks and fintechs - backup servicing.
The Silicon Valley Bank (SVB) collapse will improve financial system health if it moves systems towards decentralized finance (DeFi). That pulls them away from the single points of failure that caused the most damage over the past few weeks, Paystand CEO Jeremy Almond said.
The VC and startup community are tentatively settling into an optimistic action plan after SVBs failure. SVB Capital is still on the table.
The week has ended in a bank run caused by the SVB's "classic balance sheet restructuring" actions. Some are asking, "who is next?"
Will this be enough to break the spiralling loss of confidence in the banking system?