Milken Institute Center For Financial Markets FinTech Director Nicole Valentine joins Yahoo Finance’s Allie Garfinkle at the 2023 Milken Institute Global Conference to discuss the impact of the regional banking crisis on fintech and the outlook for fintech in the U.S. and internationally.
SEANA SMITH: The regional banking crisis sparked by the collapse of Silicon Valley Bank has also hit fintech companies like Venmo, Stripe, and Square. Their valuations have plummeted, and it’s harder to raise capital. Yahoo Finance’s Allie Garfinkle was at the 2023 Milken Global Conference to find out how fintech is faring in these uncertain times.
ALLIE GARFINKLE: Milken 2023. I am here with Nicole Valentine. Nicole, thank you so much for being with us.
NICOLE VALENTINE: Thank you for having me on Yahoo Finance. I’m happy to be here with you.
ALLIE GARFINKLE: So I want to start out by testing out a thesis with you. Compounding bank collapses, Silicon Valley Bank, Signature, First Republic, have those bank collapses made fintech more important than ever?