by Ken Chase | Apr 19, 2023 | Banks, News, Uncategorized
Despite their history of resistance to adopting open source software, banks are now increasingly embracing open source technology as they seek to counter the emerging challenge posed by fintech. Though many banks are still slow to adopt these innovations, most experts...
by Ken Chase | Mar 28, 2023 | Banks, News
Estimated reading time: 2 minutes North Carolina-based regional bank First Citizens has agreed to purchase Silicon Valley Bank, according to a March 26 statement from the Federal Deposit Insurance Corporation (FDIC). The FDCI confirmed that it had agreed to the deal,...
by Ken Chase | Mar 10, 2023 | Banks, News
Estimated reading time: 2 minutes Financial regulators responded to Silicon Valley Bank’s (SVB) recent collapse by announcing that they have shut the bank down. The decision was made by the California Department of Financial Protection and Innovation, which announced...
by Ken Chase | Feb 27, 2023 | Banks, News
A group of U.S. regulatory agencies released a joint statement this week, calling on the nation’s banks to be vigilant to potential liquidity risks associated with cryptocurrency. The statement urged financial institutions to focus on implementing tools and systems to...
by Ken Chase | Feb 23, 2023 | Banks, News
Estimated reading time: 2 minutes The Federal Deposit Insurance Corporation (FDIC) Office of Inspector General (OIG) recently delivered a report outlining the key challenges faced by the agency in the coming years. The report focuses on problems that the FDIC will...
