Motley Fool
One of those vendors that works with a lot of banks is the cloud-banking technology company nCino (NASDAQ: NCNO), which helps banks in multiple capacities -- whether it's through loan origination systems, automating workflows, or providing analytical tools that can help bankers see trends and find opportunities, all of which can help banks increase efficiency. SVB Financial, the parent company of Silicon Valley Bank, and Signature Bank were two of the banks taken into receivership by the Federal Deposit Insurance Corp. (FDIC). Subsequently, the FDIC sold most of these banks' assets and deposits to other banks to try to soften the blow for the overall banking system and provide some level of continuity for existing customers.