Mon.Mar 13, 2023

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Payments players caught in SVB fallout

Payments Dive

As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion

Payments 479
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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets.

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Retail brands react to Silicon Valley Bank’s collapse

Payments Dive

The merchants explained how the SVB situation had affected their sales, online commerce, payments and finances

Branding 195
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SVB: Early lessons for all financial institutions from Silicon Valley Bank’s failure

Abrigo

Stress testing & deposit strategies in the spotlight The failure of Silicon Valley Bank offers other financial institutions the chance to reassess their approaches to and management of interest rate risk, liquidity risk, and credit risk.

eBook 195
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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers.

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Cloud-enabled processing with PayiQ: The key to automating merchant onboarding

Payments Dive

In a world where merchants expect fast and easy payments, the time required for ISOs and ISVs to complete arduous technical onboarding processes can cost sales and damage reputations

Payments 195

More Trending

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Banks tap Federal Home Loan Bank System for $90 billion in liquidity

American Banker

Liquidity Politics and policy Silicon Valley Bank failure

System 74
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Visual ChatGPT brings AI image generation to the popular chatbot

Dataconomy

Microsoft continues the AI race without downshifting with Visual ChatGPT. Visual ChatGPT is a new model that combines ChatGPT and VFMs, including Transformers, ControlNet, and Stable Diffusion. Sounds good? The technique also makes it possible for ChatGPT conversations to go beyond linguistic barriers. As the GPT-4 release date approaches, the future of ChatGPT is getting […] Artificial Intelligence AI artificial intelligence chatgpt Microsoft openAI

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Some regional bank stocks fall sharply despite government actions

American Banker

Commercial banking Silicon Valley Bank failure

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Silicon Valley Bank: HSBC rescues SVB UK but market turmoil continues – business live

TheGuardian

Silicon Valley Bank UK has been sold to HSBC for £1 , in a deal that protects depositors’ money says Treasury and Bank of England Full story: HSBC to buy Silicon Valley Bank’s UK operations Why Silicon Valley Bank was so important to UK tech sector Here’s Sky’s Ed Conway: Important developments.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

This exclusive webinar with Ryan McInerny will teach you all about cryptocurrency and NFTs! Register to learn more about identifying crypto transactions, crypto asset market trends, managing risk and compliance, and supporting customers and partners using crypto-based payments.

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Silicon Valley Bank's meltdown puts stablecoins under a microscope

American Banker

Payments Silicon Valley Bank failure

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Creating an artificial intelligence 101

Dataconomy

How to create an artificial intelligence? The creation of artificial intelligence (AI) has long been a dream of scientists, engineers, and innovators. With advances in machine learning, deep learning, and natural language processing, the possibilities of what we can create with AI are limitless. However, the process of creating AI can seem daunting to those […] Artificial Intelligence Data Science artificial intelligence Featured

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Small banks, credit unions work to quell panic after Silicon Valley Bank fails

American Banker

Credit unions Community banking

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Challenges ahead for Nigeria and South Africa as they join FATF grey list

The Banker

FATF’s greylisting of Africa’s two biggest economies will deepen existing economic troubles in both markets. James King reports

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8 Ways to Torture Your CFO

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things NOT to do when it comes to helping the CFO office support the business.

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Did VCs and twitter trolls help take down Silicon Valley Bank?

American Banker

Fintech Technology Venture capital Silicon Valley Bank failure

Capital 69
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Silicon Valley Bank’s failure is predictable – what can it teach us? | Joseph Stiglitz

TheGuardian

The collapse of SVB highlights deep failures in the conduct of regulatory and monetary policy Live coverage of Silicon Valley Bank collapse Global banking shares slide as SVB fallout spreads Why did it collapse and is this the start of a banking crisis? The run on Silicon Valley Bank – on which almost half of all venture-backed tech startups in the US depend – is in part a rerun of a familiar story, but it’s more than that.

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What bank executives can learn from Ted Lasso

American Banker

Industry News Career advancement

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Silicon Valley Bank collapse ‘could force central banks to stop interest rate rises’

TheGuardian

Analysts say US Federal Reserve will probably reject further increase in borrowing costs next week Live coverage of Silicon Valley Bank collapse Why did it collapse and is this the start of a banking crisis?

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Shifting Focus in Today’s Market A Commercial Lender’s Guide

With today's market as it is, where should lenders shift focus? We’ll address 4 emerging products for 2023 and tell you the ‘why and the how’ including several lender use cases. Get the Guide

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Dodd-Frank 2.0? Democratic lawmakers look to roll back regulatory relief for banks

American Banker

Regulation and compliance Politics and policy Silicon Valley Bank failure

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Silicon Valley Bank: global banking shares slide as fallout spreads

TheGuardian

Stock markets fail to be reassured by Joe Biden’s intervention, as SVB failure is followed by Signature Live coverage of Silicon Valley Bank collapse Why did it collapse and is this the start of a banking crisis? Why Silicon Valley Bank was so important to UK tech sector Markets on both sides of the Atlantic failed to be reassured on Monday by government intervention as the fallout from the rapid collapse of Silicon Valley Bank prompted a heavy sell-off of bank shares.

System 75
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Credit unions join forces to keep debit card costs under control

American Banker

Credit unions

Cards 69
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Silicon Valley Bank: parent company, CEO and CFO sued amid market turmoil

TheGuardian

Proposed class-action lawsuit claims bank failed to reveal how rising interest rates made it ‘particularly susceptible’ to failure SVB Financial Group and two top executives have been sued by shareholders over the collapse of Silicon Valley Bank, as global stocks continued to suffer on Tuesday despite assurances from US president Joe Biden.

Groups 75
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Exploring the Overlap: Cost Optimization and Digital Transformation

Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM

The largest banks have increased reserves for protection against deteriorating economic conditions. Should banks delay their digital transformation investments and focus on cost reductions? In this webinar, Alex Jiménez will walk us through that question and examine the prudent course of action.

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Will the Fed's new liquidity facility restore confidence?

American Banker

Crisis Management Interest rates Industry News Silicon Valley Bank failure

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HSBC to buy Silicon Valley Bank UK for £1 in rescue deal

TheGuardian

Takeover, arranged by government, likely to save British startups from big losses after US bank’s collapse Live coverage of Silicon Valley Bank collapse Why did it collapse and is this the start of a banking crisis? Why Silicon Valley Bank was so important to UK tech sector The government has struck a last-minute deal for HSBC to buy Silicon Valley Bank’s UK operations, saving thousands of British tech startups and investors from big losses after the biggest bank failure since 2008.

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Four days into banking crisis, questions outnumber answers

American Banker

FDIC Federal Reserve M&A Commercial banking Silicon Valley Bank failure

FDIC 68
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Signature Bank clients look to Cross River Bank

BankInovation

The collapse of Silicon Valley Bank is having a trickle-down effect on fintechs and banks within the financial services industry, but Cross River Bank is not one— in fact, the bank is swooping in to capture business amid the fall of its competitors. For example, the $9.2 billion Ft. Lee, N.J.-based

NJ 52
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How Automation Can Streamline Your Month-End Close Process

Start the new year with powerful automation for your month-end close and reconciliation process. See how automation can change the trajectory of the close, buy back time, instill more confidence in the results, eliminate administrative headaches and be audit ready.