In the space of a week, Petal and newly-formed spin-off, Prism Data have made two significant announcements, super charging open banking.
'If you have the right business ball on the right day and in the right situation, there is capital going to certain companies'
The ability to bolster human knowledge in a short amount of time is a tantalizing prospect for the application of artificial intelligence.
·
Regulators' seizure of the ailing First Republic comes as no surprise after a week of speculation. JP Morgan wins the bid to acquire.
'Lili Smart' tracks banking movements, categorising them instantaneously to ease small business accounting.
Embedded finance has been caught in the convergence of instant payments and open banking. It could be its time to shine.
The VC and startup community are tentatively settling into an optimistic action plan after SVBs failure. SVB Capital is still on the table.
First Citizens Bank has acquired part of the failed SVB, announced the FDIC yesterday.
For investors who want to make an impact on the climate crisis, Ziggma provides data on companies' financial performance and their footprint.
Following the SVB crisis, already precarious Credit Suisse has struggled to hold the confidence of investors. UBS has agreed to acquire.