Penny Crosman is Executive Editor, Technology at American Banker and its publisher, Arizent. Prior to taking on this role, she was Editor in Chief of Bank Technology News. She has held senior editorial roles at Bank Systems & Technology, Wall Street & Technology, Intelligent Enterprise, Network Magazine and Imaging Magazine.
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Silicon Valley Bank served about half of all startups. As fintechs seek out new bank relationships, here are some of the things they are looking for.
April 4 -
StellarFi, Stratyfy, FinClusive and Oscilar have all had positive news in recent days.
March 31 -
Fintech funding was drying up before the collapse of Silicon Valley Bank, Silvergate Capital and Signature Bank. The banking crisis has set it back a bit further.
March 28 - AB - podcast
Brian Graham, partner and co-founder of advisory and investment firm Klaros Group, breaks down what went wrong with Silvergate Capital, Silicon Valley Bank and Signature Bank and what banks can do to avoid the problems that brought these banks down.
March 28 -
The shutdowns of Silvergate Capital and Signature Bank are likely to send crypto-related businesses and digital asset innovation offshore.
March 20 - Penny Lee, president and CEO of the Financial Technology Association, is pushing back on some claims banks and their trade groups have recently made about financial technology companies, for instance that fintechs don't meet consumer financial protection standards.Sponsored by IntraFi
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Some tech startup clients had to scramble to retrieve money as the bank was closing. Many wonder which financial institution will fill the void.
March 14 -
Observers say that most other banks with an overlapping customer base are in a better place than SVB to manage the risks.
By Miriam CrossMarch 13 -
Panic withdrawals brought down a bank within two days, and many point to some venture capitalists, who urged companies to pull money out of the bank.
March 13 - AB - Technology
Williams, the only woman to ever lead the Office of the Comptroller of the Currency, will help guide the bank as it continues to strengthen its compliance efforts.
March 9