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Tag: bank
India’s central bank abandons UPI rival project
The Reserve Bank of India (RBI) recently made the decision to abandon a controversy-ridden real-time payments project. The project was intended to be a rival to the Unified Payments Interface (UPI), a system backed by the National Payments Corporation of India (NPCI). UPI is a mobile payment system that enables customers to send and receive… Continue reading India’s central bank abandons UPI rival project
The tech bank collapse of 2023
In the fall of 2023, one of the biggest tech bank collapses in United States history took place. The tech bank was a Silicon Valley firm that had quickly become one of the premier venture capital lenders in the Bay Area. Founded in 2016, it rapidly amassed a war chest of over $20 billion in… Continue reading The tech bank collapse of 2023
Silicon Valley Bank implodes, Apple launches a new music service, and ChatGPT goes enterprise
The tech industry is abuzz with news of three major developments. Silicon Valley Bank, one of the nation’s premier venture capitalists, has suddenly and unexpectedly imploded. Meanwhile, Apple recently launched its much-anticipated new music streaming service, and ChatGPT announced the launch of its enterprise version of its popular GPT-based conversational AI. The implosion of Silicon… Continue reading Silicon Valley Bank implodes, Apple launches a new music service, and ChatGPT goes enterprise
Silicon Valley Bank is being shut down today by regulators
Today, the Federal Reserve and other government regulators have announced that Silicon Valley Bank is to be closed down. Silicon Valley Bank is a large financial institution that has been providing banking services to the Silicon Valley area since 1996. It was one of the first banks in the country to specialize in tech-related banking… Continue reading Silicon Valley Bank is being shut down today by regulators
Silicon Valley Bank collapse is impacting many Indian startups
In recent news, new attention has been drawn to the collapse of Silicon Valley Bank (SVB), which has sent shockwaves through the Indian startup community. SVB was one of the largest backers of Indian startups and their withdrawal of funding and services is having a tremendous impact on the millions of dollars invested in India’s… Continue reading Silicon Valley Bank collapse is impacting many Indian startups
Silicon Valley Bank has failed
The news of Silicon Valley Bank’s failure is a major blow for the global economy. Founded in 1983, Silicon Valley Bank (SVB) was once a powerhouse of innovation and financial services, offering trillions in loans and venture capital to hundreds of tech start-ups. With its extensive network of relationships in the tech and venture capital… Continue reading Silicon Valley Bank has failed
Hatch hackers
Hatch Bank, a leading financial institution in the United States, recently admitted that 140,000 of their customers’ Social Security numbers were obtained by hackers using a bug in Fortra, the company’s online safety program. Fortra is a recently created online platform that provides customers with secure online banking, allowing customers to access their bank accounts… Continue reading Hatch hackers