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💡 Silicon Valley Bank: Part of a Mega-Trend

Neobanks and the future of consumer deposits

Good morning Autonomous ones 🌞🧿

New research note alert on our Substack ðŸ’¡

It’s a 4 minute read about the Silicon Valley Bank fiasco and how it fits into a longer-term trend we expect to see in the consumer banking industry.

Earlier this year in our 5 Themes for 2023 note the team emphasized that banks would be at the epicenter of disruption this year. The SVB situation validates this view thus far.

I hope you enjoy and feel free to write back or join the discussion on Telegram for any Q&A.

Happy weekend,

Miguel

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