March 20, 2023
JPMorgan and Other Banks Reportedly Eye Expanding First Republic Support
Big banks are reportedly considering expanding their efforts to support First Republic Bank. After 11 banks deposited $30 billion into the bank Thursday (March 16), they are now considering other options...
March 20, 2023
Credable Raises $2.5 Million to Expand Digital Banking Platform
Digital banking platform Credable wants to reach new markets after raising $2.5 million. The seed funding round, reported Monday (March 20) by TechCrunch, will help the company expand its services,...
March 20, 2023
PYMNTS Intelligence: How Organizations Deliver on Faster Payments
Real-time payments have reached unprecedented levels of demand over the past five years, yet they are still available to just a small number of businesses and consumers. Studies have found...
March 20, 2023
Silicon Valley Bank Collapse: A Banking Drama in Three Acts
Amias Gerety, partner at FinTech VC firm QED Investors, watched the collapse of Silicon Valley Bank just like the rest of us. His assessment of what really happened, and where...
March 20, 2023
Bank Stocks Dive but CE 100 Index Ekes Out 0.8%...
No surprise – this past week was all about the banking sector. Investors fled banks, worried about how bad the contagion would get in the wake of the collapses of...
March 19, 2023
France’s Real-Time Payments Volume Set to Grow 10X by 2026
According to a recent PYMNTS study on instant payments, there are more than 60 countries that possess or are in the process of developing a real-time payments scheme on a...
March 19, 2023
ForwardAI Debuts Update to Small Business Lending Solution
Business data FinTech ForwardAI has unveiled an update to its Precise API tool to help streamline financial decisions. First launched in 2021, Precise is an application programming interface (API) that offers cash flow, accounting...
March 18, 2023
The Week That Americans Watched a Bank Run in Real...
Back in 1960s through the 1980s, there was a TV show titled “That Was the Week that Was.” The program was, largely, political satire. But the title itself lends itself...
March 17, 2023
SVB Parent Files for Bankruptcy as Global Banking Market Wobbles
This tumultuous week began and ended the same: with Silicon Valley Bank still for sale. Only now, the lender’s former parent company, SVB Financial Group, has officially filed for bankruptcy. The Chapter 11...
