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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. Notably, most community banks’ duration risk is in the loan portfolio.

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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. Levey added that he is confident that Emmett’s “leadership will help make Libra's vision a reality.". “I Libra Association, launched in June 2019, describes itself as an “independent member organization.”

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Personalization in Financial Services Works, but Changes Will Be Required

Perficient

These companies are experimenting aggressively with personalized search experiences, attribute-based contact routing, custom call scripting, and social media text analysis to know when and what to communicate to consumers, predict actions, optimize offers, and identify when they are ready to buy.

Analytics 309
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Five Bank Marketing Leadership Takeaways from the ABA School of Bank Marketing Management

Jeff For Banks

Lance Kessler introduced a new subject to the ABA School of Bank Marketing Management (SBMM) this week. Marketing Leadership. But I was taking notes on key items identified as critical takeaways for marketing leadership. Key takeaways for marketing leadership: 1. What else is critical to marketing leadership?

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Web Financial Group Brings AI To Digital Wealth Platforms

PYMNTS

Web Financial Group, a data-driven managed service solutions provider, and Selerity, an artificial intelligence (AI)-powered contextual search and automation company, announced Wednesday (April 19) they have partnered on content personalization solutions for the digital wealth market.

Groups 100
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Facebook CMO Leaving To Focus On Promoting Diversity In Tech

PYMNTS

Facebook ’s Chief Marketing Officer Antonio Lucio is leaving the social media behemoth after just two years on the job to actively promote diversity in the technology sector. I know the company and its leadership agree on the centrality of this important task.

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Target Brings On Ex-Facebook Employee As VP Of Tech

PYMNTS

Govind has more than 20 years of experience leading engineering and product management teams, and he brings in-depth expertise in social media, eCommerce, digital advertising, search and cloud infrastructure. He will report to Mike McNamara, Target’s executive vice president and chief information officer.