Technology
Technology
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Leaders said the value of learning about emerging technologies outweighs a tighter economic environment.
March 16 -
The collapse of Silicon Valley Bank ratcheted up the financial pressure on startup companies that was already building. How can new entrants adapt?
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The challenger bank, which is currently fighting off a lawsuit from the Consumer Financial Protection Bureau, is still "growing into profitability" according to one analyst.
March 15 -
Startups from Silicon Valley to London, Tel Aviv and tech hubs across Africa depended on Silicon Valley Bank as a one-stop shop for everything, from holding their fortunes to personal mortgages. Now, the bank's failure has forced them to navigate a new world of banking just as the financial markets tip into chaos.
March 15 -
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Mercury, NorthOne and other challenger banks that serve small business owners are seeing a boost from SVB's collapse. But the effects may be short-lived.
March 14 -
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 -
Old-fashioned check fraud is growing, and fraudsters find people to cash their checks — and tell them what to wear while doing it — through a popular messaging service.
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 - 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 -
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 -
In February's roundup of American Banker's favorite stories: An international African American sorority enters the credit union market; a deep dive into the ideology behind banks giving out free pens; and a rising number of financial institutions are facing a tightening of liquidity and more.
March 8 -
The dataset, developed by Federal Reserve researchers, will give historians and students a far easier way to examine banks' performance between 1867 and 1904. The period was one of significant instability, which ultimately prompted the creation of the Fed.
March 7 -
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 -
Wall Street has "some work to do" before using popular technology such as ChatGPT, Bank of America Chief Executive Brian Moynihan warned.
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