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The Collapse of Silicon Valley Bank: Lessons in Governance for Fintech Companies

The collapse of Silicon Valley Bank (SVB) has brought to light the importance of good governance and the devastating impact on all stakeholders when it goes wrong, particularly the public. Sadly, fintech is a high-risk sector for governance failings. This is due to their typically rapid growth, management’s misunderstanding of governance (it builds efficiency and long-term sustainability not bureaucracy), and leaving governance framework considerations too late, leading to a disconnection between governance and the embedded culture of the organisation.

Wednesday, May 24, 2023 - 14:43
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Financial IT
Money20/20 Announces the Finalists for Europe’s Got Access, the Ultimate Climate Fintech Startup Battle

Money20/20, the world’s leading fintech show, regarded as the place where money does business, today announced the finalists for its highly anticipated pitch battle, Europe’s Got Access, showcasing the most innovative and eco-conscious climate fintech startups across Europe.

Wednesday, May 24, 2023 - 12:45
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/news/fintech-startups/money2020-announces-finalists-europes-got-access-ultimate-climate-fintech
Financial IT
Sumsub Successfully Completes SOC 3 Examination

Sumsub, a global tech company offering customizable KYC, KYB, KYT, and AML solutions, today announced the successful completion of the System and Organisation Controls (SOC) 3 audit.

Wednesday, May 24, 2023 - 12:22
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/news/aml-and-kyc/sumsub-successfully-completes-soc-3-examination
Financial IT
Global Experts Converge at Forensic & Restructuring Summit 2023 in Dubai to Tackle Challenges of Cross-Border Restructuring and Investigations

The Forensic & Restructuring Summit 2023 will bring together global experts in Dubai on June 6th to address the increasing complexities of cross-border investigations and restructurings in today's interconnected world. The summit seeks to offer strategies for navigating the intricate legal and financial frameworks that span multiple jurisdictions, languages, and cultures.

Wednesday, May 24, 2023 - 12:19
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/news/infrastructure/global-experts-converge-forensic-restructuring-summit-2023-dubai-tackle
Financial IT
Thrive, Survive or Dive: Why You Should Never Waste a Recession

Winston Churchill is credited with having coined the widely repeated advice to “never let a good crisis go to waste”. He was talking about the aftermath of war at the Yalta summit, which led to the foundation of the United Nations. But in business, that counsel makes sense too. Companies need to navigate their way out of tough spots and make the best out of their environments. And for those that possess creative thinking, those environments can foster ways to reimagine everything from the fine details to broad strategies.

Wednesday, May 24, 2023 - 11:20
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/blog/data/thrive-survive-or-dive-why-you-should-never-waste-recession
Financial IT
Creditinfo Completes Strategic Acquisition of Ugandan and Namibian Credit Bureaus

Creditinfo Group, the leading global service provider for credit information and risk management solutions, today announces the acquisition of two credit bureaus in Uganda and Namibia. As part of the acquisition, Creditinfo has taken on all employees working in the credit bureaus, which were previously owned by Experian.

Wednesday, May 24, 2023 - 11:15
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/news/risk-management/creditinfo-completes-strategic-acquisition-ugandan-and-namibian-credit-bureaus
Financial IT
IDnow VideoIdent Obtains the First LSTI and CLR Labs ISO/IEC 30107 Certificate

CLR Labs, a European laboratory dedicated to the evaluation of biometric and security technologies, and LSTI, a conformity assessment body (CAB) specializing in cybersecurity and data protection, are pleased to officially launch their ISO/IEC 30107 conformity assessment scheme, which enables them to evaluate any product or service using biometric technologies. 

Wednesday, May 24, 2023 - 11:13
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/news/digital-identity/idnow-videoident-obtains-first-lsti-and-clr-labs-isoiec-30107-certificate
Financial IT
SEI Extends Long-term Relationship with Verso

SEI® today announced that it has extended its strategic partnership until December 2027 with Verso Wealth Management (Verso), an independent financial advisor (IFA) consolidator focused on building a market-leading national wealth management group. Verso will continue to benefit from the modern, integrated wealth management infrastructure of the SEI Wealth PlatformSM, helping Verso achieve its goals of business scale and growth. 

Wednesday, May 24, 2023 - 11:10
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/news/wealth-management/sei-extends-long-term-relationship-verso
Financial IT
CaixaBank Launches App that Turns Phones into Point of Sale Devices

CaixaBank launches Smartphone TPV, a solution designed for businesses, professionals and the self-employed of any size and sector, enabling them to easily accept card payments of any amount from mobile devices, without the need for an additional device, as was previously necessary.

Wednesday, May 24, 2023 - 11:06
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/news/mobile-banking/caixabank-launches-app-turns-phones-point-sale-devices
Financial IT
Bluestone Partners with Experian to Launch Open Banking Service

Bluestone Mortgages today announces a strategic partnership with Experian to launch an Open Banking solution, enabling brokers to get automated lending decisions. 

Wednesday, May 24, 2023 - 11:02
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/news/open-banking/bluestone-partners-experian-launch-open-banking-service
Financial IT

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