Digital banks gain market share post-SVB
Digital banks have experienced growth in deposits and customer base since the fall of Silicon Valley Bank as startups look...
Banking
Fintech Funding: Versana raises $40M from major banks
Syndicated loan platform Versana raised $40 million from U.S. Bank, Deutsche Bank, Morgan Stanley and Wells Fargo — which are...
3 tech issues UBS faces with Credit Suisse purchase
UBS’ acquisition of the failing Credit Suisse reframes the European banking market, but also presents significant technological challenges for UBS. ...
How to Modernize Legacy Tech With Start-up Disruptors
Many financial institutions still rely on legacy systems or outdated computer hardware and software that were introduced more than half...
PNC Financial ups digital outreach to delinquent customers
LAS VEGAS — PNC Financial Services is leaning on digital outreach to decrease defaults and communicate with borrowers at risk of delinquency. “We’re up to...
First Citizens to buy SVB after biggest failure since 2008
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in...
4K accounts opened with Brex since SVB collapse
Customers have opened 4,000 accounts with finance and technology company Brex since the collapse of Silicon Valley Bank on March...
UK’s digital Starling Bank takes on 1,000 tech employees
Starling Bank is hiring for 1,000 tech-related positions for its newest location in Manchester, England. The $14.6 billion, London-based digital...
Euro1 payment system migrates to ISO 20022 standard
Euro1, one of the largest payment systems in Europe, has migrated to the ISO 20022 messaging standard. For European banking,...
Europe tech startups doubled debt financing in fundraising shift
European technology startups nearly doubled the amount of debt they took on last year, leaving them increasingly dependent on financing...
