News

Banking
Ingo Money CEO on SVB’s Collapse and the Importance of Avoiding Single Points of Failure 
March 14, 2023

A lot of money is moving this week, but not in a good way. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Artificial Intelligence
AI Isn’t New to Payments but Use Cases Like Predictive Forecasting Are
March 14, 2023

The current explosion of interest in artificial intelligence (AI) may seem new to the uninitiated, but truth be told, this cutting-edge tech has been silently performing tedious, high value tasks for years. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Trove Leads Lululemon, Canada Goose and Carhartt Into Resale Boom
March 14, 2023

Before branded resale, third-party platforms like ThredUP, Vestiaire Collective, Poshmark and The RealReal dominated the pre-loved market — and fueled a global market value of $184 billion in 2022.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Fintech Investments
FinTechs Forced to Decide If They’re a Business or a Feature as Investors Push for...
March 14, 2023

According to one recent analysis, 91 publicly listed FinTech companies burned through $12 billion in venture capital in 2022, and just 17 posted a net profit from those investments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Can HSBC Preserve SVB’s Innovation Culture Post UK Unit Acquisition?
March 14, 2023

The world woke up on Monday (March 13) to news that British multinational banking giant HSBC is purchasing Silicon Valley Bank (SVB) UK, the U.K. arm of the failed U.S.-based lender, for a token one pound sterling. Get the Full Story Complete the form to...

Banking
FDIC Plans to Try Again to Sell Silicon Valley Bank
March 13, 2023

Silicon Valley Bank may be coming up for sale again. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Banking
Silicon Valley Bank Depositors Begin Accessing Funds From ‘Bridge Bank’
March 13, 2023

Customers of Silicon Valley Bank started accessing their funds Monday from a new “bridge bank.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

B2B Payments
Manufacturers’ Procurement Modernization Drives Innovations in Purchase Order Finance
March 13, 2023

Purchase orders, an often-overlooked step in the procurement process, is receiving renewed focus as companies seek to modernize their systems. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Banking
Class-Action Lawsuit Alleges Silicon Valley Bank Didn’t Disclose Risk
March 13, 2023

A lawsuit alleges that Silicon Valley Bank’s parent company did not disclose risk to investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...