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?
Rabab Ahsan | March 20, 2023
close

Email a Friend

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

 

subscription wall for TS Pro

0 comments on “Sweep up my money, there is a bank run: Sweep networks for banks and fintech”

Banking, Embedded Finance

How Union Credit’s embeddable loan marketplace positions CUs for a digital-first future

  • Union Credit embeds digital lending into the buying journey, offering borrowers instant access to credit without needing to visit a CU branch.
  • Dave Buerger, CEO and co-founder of Union Credit, explains how the marketplace operates and how credit unions can transform initial loan interactions into lasting banking relationships.
Sara Khairi | December 12, 2024
Banking, Innovation

The Last Bank Branch? Not Quite, But Close

  • While banks spend a significant amount of their resources on maintaining their physical footprint, the success of digital banking has put into question the efficacy of this investment by incumbents.
  • Now banks need to find ways to compete in the digital realm and optimize their branch networks to function and complement an omnichannel banking world.
Zack Miller | December 11, 2024
Artificial Intelligence, Banking, Designing new products, Innovation, Partner

The call for Gen AI and why banks are slow to answer it

  • While fintechs are rolling out AI-driven tools for wealth management and tax planning, banks remain cautious, focusing on internal productivity rather than customer-facing products.
  • Apart from the compliance hurdles banks may be facing when it comes to deploying Gen AI, another reason for their slow movement may be the perceptions of their core consumer segment.
Rabab Ahsan | November 26, 2024
Banking, Partner, SMB Finance

The Future of Small Business Banking: Insights from Industry Leaders

  • Dive into the major themes related to SMB finance that dominated the discussions at this year's The Big Bank Theory Conference held in New York.
  • Executives from Mastercard, Truist, US Bank, Citizens, and Gusto explore how companies can build more powerful SMB strategies by centering communities and technology.
Zack Miller | November 20, 2024
Artificial Intelligence, Banking, Culture and Talent

Small bank, big moves: How a Maine-based bank is bringing over a thousand employees on its AI journey

  • Bangor Savings Bank is building employee skills in AI and data fluency, creating a workforce ready for the AI era and countering fears of job displacement.
  • The bank is using social learning, and role-based training to upskill its employees, as well as build a better foundation for its future initiatives.
Rabab Ahsan | November 05, 2024
More Articles