First Citizens Bank and Silicon Valley Bank are slowly integrating their tech stacks while keeping their individual digital road maps relatively separate. “There has been a period of…
Read more First Citizens, SVB taking integration slowlyExpense management solutions provider fintech Brex is saving an average enterprise customer up to 300 hours per month in employee expense compliance efforts through its AI-driven Brex Assistant. …
Read more AI, tech advancements at Brex | Bank Automation NewsThe 2023 collapse of Silicon Valley Bank reminded fintechs and financial institutions of the importance of having a backup loan servicer in the case of a trigger event. …
Read more Podcast: 6 criteria for choosing a backup loan servicer | Bank Automation NewsWelcome to Startups Weekly. Sign up here to get it in your inbox every Friday. Thank you for subscribing to Startups Weekly. This week, I’m taking my parents…
Read more Startups Yearly: The biggest startup stories from 2023 | TechCrunchBank of America shares have fallen 14% this year.Spencer Platt/Getty Images Big banks are sitting on $650 billion of unrealized losses, Moody’s has estimated. It’s a sign even…
Read more Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall StreetFirst Citizens Bank headquarters in Raleigh, N.C. on Monday, March 27, 2023. Kaitlin McKeown kmckeown@newsobserver.com On March 27, Raleigh’s First Citizens Bank transformed its present and future by…
Read more What is SVB like under Raleigh’s First Citizens Bank? We asked NC Triangle startups.Metro Bank is considering growth strategies and digital investment plans following a tumultuous month that nearly ended in a collapse similar to Silicon Valley Bank’s downfall in the…
Read more Metro Bank’s rescue, digital plans | Bank Automation NewsSilicon Valley Bank’s integration with First Citizens Bank is going “better than expected.” Acquiring Silicon Valley Bank (SVB) in March was an opportunity for First Citizens Bank…
Read more SVB merger going ‘better than expected’|Bank Automation NewsSilicon Valley Bank, a division of First Citizens Bank, named Martin Murrell the new head of global payments and Milton Santiago the new head of global digital solutions…
Read more New roles for Murrell, Santiago at SVB| Bank Automation NewsThe collapse of Silicon Valley Bank, First Republic Bank and Signature Bank has companies looking to technology providers to ensure they have the right payment strategies in place.…
Read more Podcast: Payments innovation post-SVB | Bank Automation NewsFraudsters found new opportunities in business email compromise scams as bank clients moved assets following the collapse of Silicon Valley Bank in March — that’s when tech providers…
Read more Podcast: Preventing wire fraud with automation | Bank Automation NewsLive Oak Bank in Wilmington, NC is the fourth largest state-chartered bank in North Carolina and a national leader for funding small businesses. Zachery Eanes zeanes@newsobserver.com In March,…
Read more How Wilmington’s top bank has navigated the U.S. banking crisisFirst Citizens Bank today announced plans to up its tech focus by leveraging capabilities acquired from its March purchase of the failed Silicon Valley Bank. The $214 billion…
Read more First Citizens to capitalize on SVB tech | Bank Automation NewsTech-forward Cross River Bank reached a consent agreement with the Federal Deposit Insurance Corp. in March following a cease-and-desist order from a standard review in 2021 regarding “unsafe…
Read more Cross River Bank faces reg scrutiny | Bank Automation NewsFinancial institutions are looking to risk mitigation and regulatory compliance technology following the industry turbulence brought on by the recent collapses of Silicon Valley Bank, Signature Bank and…
Read more Mitigating risk post SVB, FRB collapse | Bank Automation NewsThe Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in the most aggressive tightening campaign since the 1980s…
Read more The Fed raises US rates by a quarter point, signaling possible pause | Bank Automation NewsFormer Silicon Valley Bank and First Republic Bank employees are knocking on the door of digital bank Arc to fill positions in relationship management with a desire to…
Read more Arc hires former FRB, SVB employees | Bank Automation NewsSilicon Valley Bank and federal regulators alike let poor management slide for several years — leading to the largest banking failure since 2008. SVB lacked board effectiveness, risk…
Read more SVB, Fed guilty of poor management | Bank Automation NewsThe collapse of Silicon Valley Bank opened a door of opportunity for fraudsters to take advantage of bank clients who have recently moved money or switched bank accounts…
Read more Wire fraud up 18% since SVB collapse | Bank Automation NewsFinancial institutions are working to fill the gaps brought to light by the failure of Silicon Valley Bank, bringing to market new deposit diversification solutions, treasury management tools…
Read more SVB collapse spurs demand for new solutions | Bank Automation News
