The abrupt downfall of Silicon Valley Bank prompted investors to question whether other banks that hold tech-related deposits could also be at risk. But one analyst said there could be opportunities for banks to add deposits from customers of the failed bank.
Starbucks and Kroger have invested heavily in payment technology over the years to gain an edge over their competitors. Their newest systems are focused on shaving off valuable seconds at checkout.
A new app for people with a criminal past and a challenger bank “of immigrants for immigrants” are among the neobanks forging their own path in the banking world.
For Elif Zapparoli, the pandemic-era shift from in-person to remote work is
similar to the trend she has seen in the financial services industry over the
last 20 years.
Priscilla Sims Brown, president and CEO of Amalgamated Bank, makes her debut
this year on the list for driving higher net income at her company while also
taking a stand on social issues. Read on to see the rest of 2022’s honorees.
Renovite Technologies supports reconciliation and security, and is part of a
series of moves the bank is making to counter the fintech incursion into
payments.
The Minneapolis company, which increased its minimum wage to $18 an hour in June, will bump it up to $20 in response to inflationary and competitive pressures.
Jifiti is among the technology companies that want make it easier for retailers
and banks to offer installment lending. The disruption caused by inflation and a
hawkish Fed are combining to create an opportunity.