Press release
Silicon Valley Bank Rolls Out New Solutions and Research Supporting Investors and Innovation Economy Companies
SVB's latest solutions and a new State of the Fintech Industry Report available at Money20/20 MONEY20/20 LAS VEGAS, Oct. 23, 2023 /PRNewswire/ -- Fully
About this update from First Citizens Bancshares, Inc.
[{"type":"text","content":"SVB's latest solutions and a new State of the Fintech Industry Report available at Money20/20\nMONEY20/20 LAS VEGAS, Oct. 23, 2023 /PRNewswire/ -- Fully committed to supporting its clients and the innovation economy, Silicon Valley Bank, a division of First Citizens Bank, is showcasing a series of new products and services this week at the annual financial services Money20/20 event in Las Vegas. Since its acquisition by First Citizens Bank in 2023, SVB continues to deliver and invest in new digital solutions, such as its digital banking platform SVB Go, new efficiency tools including travel and expense management, and curated tech stack partnerships to support the ongoing operations and growth of its clients. SVB's unmatched capabilities continue to uniquely meet the demands of the innovation ecosystem.\n\n \n \n \n \n \n \n\n \n\"SVB has a rich history of delivering innovation economy expertise, customized solutions and high-impact business connections. Today, we're continuing to build on that 40-year history with even more powerful digital solutions, and products and services that support clients end-to-end,\" said Gagan Kanjlia, Chief Product Officer of Silicon Valley Bank. \"Our clients need the ability to move quickly to grow their businesses, which underlies our continued investments in the tech-forward financial solutions that will help them meet their ambitious goals. Joining forces with First Citizens has enabled us to accelerate our solution roadmap.\"\nSVB's transition to its enhanced online banking platform, SVB Go, is underway. The platform has been rolled out to tens of thousands of clients to date and is expected to reach all clients in 2024, simplifying and streamlining how they conduct day-to-day treasury management. SVB Go, being demoed at Money20/20, was built as a simple and secure way to manage cash flow, issue border and international payments, build custom reports in real-time and mitigate risk proactively, via an intuitive digital platform.\nSVB has several additional new and updated products rolling out in 2023:\nNEW SVB Travel & Expense Management Platform to improve cash flow with more control over expenses at no extra cost, including streamlined pre-approvals and reimbursementsNEW Embedded Finance Solutions to facilitate payments and manage money movement on behalf of business customers, capturing new...