Recent events have proven that social media should be integrated into banks’ risk-management programs, and that firms should deploy dedicated tools and proactive communication. Silicon Valley Bank’s collapse – as well as subsequent failures and recent hearings – taught the industry an important lesson: The havoc that negative social media chatter can wreak on banks […]
Tag: Silicon Valley Bank
Neobanks have touted their account-opening ease and digital experiences as factors behind their surge of new clients, underscoring traditional banks’ need to continue revamping their processes. Money is moving right now and having a seamless customer experience is a ticket to winning it. Neobanks and fintechs like Mercury, Meow, NorthOne, and Arc have capitalized on […]
A perfect storm of conditions could make technology M&A more appealing than ever for big FinServs, who may view it as a way to protect their operations and could benefit from more-attractive terms. Experts were already predicting that 2023 would likely be a big year for tech M&A for banks, and the aftershocks of Silicon Valley […]
Silicon Valley Bank’s implosion threatened software startups that relied on it, forcing financial services CIOs to take stock of the potential impacts on their partners. The situation highlights how important it is for execs to build backups into their technology supply chains. Silicon Valley Bank’s rapid fall will continue to have ripple effects throughout the […]