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A look at three former bankers trying their hands at fintech startups at a time when investment in the sector is flush and banks are desperate for new ideas for digital transformation.
March 17 -
Big banks with innovation labs see them as a way to improve the customer experience and to test new ideas in an industry facing disruption. Skeptics see potential for waste.
July 15 -
Silicon Valley Bank, based in Santa Clara, Calif., has selected 18 students from colleges around the country to participate in its inaugural SVB Trek, a program connecting students to West Coast tech leaders, including entrepreneurs and venture capitalists.
November 18 -
Since Apple released the iPhone in 2007, mobile banking apps for retail banking customers have become a must have. Yet, one customer type has been neglected in the app stores: small business owners.
July 18
Standard Treasury team joined SVB Financial's information technology team this week to help it expand the bank's digital banking platform.
The startup is a provider of application programming interfaces and SVB, in Santa Clara, Calif., hired the team to help it develop its own API banking services. It also acquired certain assets. Terms of the deal have not been disclosed.
"We view API banking services as a natural progression in how our tech-savvy clients want to work with their banking partners and service providers," Bruce Wallace, chief operations officer of the $37 billion-asset SVB, said in a statement.
The company said it plans to release new API banking services in the coming months that are currently in development by the Standard Treasury team.
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