Envestnet to unveil product to help banks avoid an SVB scenario
Tech company accelerated development of the product, which tracks bank deposit flows nationwide
Envestnet is rushing to release a product Monday that is designed to help financial institutions avoid a “Silicon Valley Bank situation.” The wealth tech giant’s new Bank Deposit Index will allow bank treasury executives to track their own inflows or outflows of deposits, and contextualize these relative to banking segments by “big, regional or small […]
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