Banking

Sweep up my money, there is a bank run: Sweep networks for banks and fintech

  • With SVB’s downfall, multiple companies need to find a solution for their funds that can insure a lot more money than the FDIC limit.
  • Sweep networks help depositors break their funds into chunks that can be insured, and help companies place them across partner banks. How does this help and is it foolproof?
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Sweep up my money, there is a bank run: Sweep networks for banks and fintech

 


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