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With greater than 100 new loans in Q2 and over a billion {dollars} in new mortgage commitments, Silicon Valley Financial institution (SVB) is “doing the identical factor we’ve been doing for over 40 years,” in response to SVB’s Head of Nationwide Fintech and Specialty Finance Nick Christian. Now a division of First Residents Financial institution, Silicon Valley Financial institution has been a key part of the innovation financial system since 1983, offering essential monetary companies to Bay Space know-how entrepreneurs and their firms.
Nick sat down with Finovate Vice President and host of the Finovate Podcast Greg Palmer earlier this month within the wake of SVB’s lately launched Way forward for Fintech report. The report appears to be like on the outlook for innovation within the fintech sector based mostly on SVB’s distinctive sector data and proprietary knowledge. How are money reserves holding up for fintechs? Which path are valuations going? What can we anticipate from funding development heading into 2024? Nick and Greg mentioned these points and extra together with:
The resilience of early-stage firms within the face of the funding slowdown
The significance of changing into cash-flow constructive
How embedded finance is revolutionizing funds and placing new emphasis on monitoring and compliance
Try the dialog!
Photograph by Faik Akmd
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