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 economic system since 1983, offering essential monetary providers to Bay Space know-how entrepreneurs and their corporations.
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 on the outlook for innovation within the fintech sector based mostly on SVB’s distinctive sector information and proprietary information. How are money reserves holding up for fintechs? Which route are valuations going? What can we count on from funding progress heading into 2024? Nick and Greg mentioned these points and extra together with:
- The resilience of early-stage corporations within the face of the funding slowdown
- The significance of changing into cash-flow optimistic
- How embedded finance is revolutionizing funds and placing new emphasis on monitoring and compliance
Take a look at the dialog!
Photograph by Faik Akmd
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