Fintech
Fintech
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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.
March 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 -
The abrupt downfall of Silicon Valley Bank prompted investors to question whether other banks that hold tech-related deposits could also be at risk. But one analyst said there could be opportunities for banks to add deposits from customers of the failed bank.
March 10 -
A disagreement over growth with its original banking-as-a-service provider prompted challenger bank HMBradley to seek a new and larger sponsor and purchase a new core.
March 9 -
True Digital and TechPassport help banks assess and monitor fintech vendors and partners.
March 8 -
The San Francisco fintech made its name in refinancing student loans. Now it contends that a moratorium for federal student debt payments — put in place near the start of the pandemic — has cost it at least $150 million in profits.
March 8 -
The agency's blueprint calls for giving lenders added underwriting flexibility, as well as upping the number of for-profit nondepository small-business lending companies, which has been capped at 14 since the early 1980s
March 7 -
The economic picture for its customers is good, according to Jason Wilk, who leads the Los Angeles fintech. He sees no need for new products or capital raises in the coming year to break even.
March 7 -
The London fintech now allows users to send funds across borders to new payees without sharing sensitive bank account details.
February 28