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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 accordance with 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 element of the innovation economic system since 1983, offering important monetary companies to Bay Space expertise 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 seems on the outlook for innovation within the fintech sector based mostly on SVB’s distinctive sector data and proprietary information. How are money reserves holding up for fintechs? Which course 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 firms within the face of the funding slowdown
The significance of turning into cash-flow optimistic
How embedded finance is revolutionizing funds and placing new emphasis on monitoring and compliance
Try the dialog!
Picture by Faik Akmd
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