Over the past 40 years, Silicon Valley Bank (SVB) has built a dominant market share in technology and the life sciences through deep client relationships and industry expertise. The future of that legacy was called into question when SVB was put under FDIC receivership and sold to North Carolina-based First Citizens Bank (FCB) in March 2023.
In the last year large-cap and digitally native challenger banks moved to capitalize on the opportunity by offering innovation economy clients improved digital customer experiences and a broad range of banking and cash management products.
The SVB digital team designed and developed SVB Go, a modern cash management platform providing clients with an intuitive, efficient, and convenient solution for their digital banking needs. As clients mature through each life stage, their needs evolve as well. SVB Go allows clients to experience banking services that align with those needs—including access to the innovation banking ecosystem with API and file integration services.
Celent selected Silicon Valley Bank’s SVB Go platform for this year’s Model Bank Award for Reinventing Cash Management because of the bank’s commitment to tailoring customer experiences to each supported client segment, from startups to larger corporates globally.
