Divvying Up the Silicon Valley Bank Pie

When the San Francisco-based neobank Mercury launched in 2019, it wanted to offer a better way for startups to bank. “I was always frustrated with the banks we had to use as entrepreneurs,” says Mercury Founder and CEO Immad Akhund, who says he’s been working in the startup space since 2006. He believes most banks offer “outdated” products and services. “Especially for tech-enabled businesses, they’re not going to bank branches. They’re dealing with their bank on an app, on a website.” They don’t like fees, he adds, and they want to use application programming interfaces (APIs) that connect to accounting…

You have accessed a resource that is only available to our Bank Services members and Subscribers.

From how-to articles, director training videos, key interviews with industry leaders and more, Bank Services provides bank executives and directors with the tools to help grow their financial institutions. To sign up for exclusive access to this online bank board resource, please contact Bank Services at 615-777-8461 or [email protected].

Read The Article

Please enter your username and password below. If you have established a password please click ‘forgot your password’


Emily McCormick

Vice President of Editorial & Research

Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program. In addition to regularly speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily regularly writes and edits for Bank Director magazine and BankDirector.com. She started her career in the circulation department at the Knoxville News-Sentinel, and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.

Join OUr Community

Bank Director’s annual Bank Services Membership Program combines Bank Director’s extensive online library of director training materials, conferences, our quarterly publication, and access to FinXTech Connect.

Become a Member

Our commitment to those leaders who believe a strong board makes a strong bank never wavers.