Fintech

Hi-jacking Silicon Valley Bank news for ClearBank

In March 2023, the collapse of Silicon Valley Bank (SVB) saw mass media attention, with its 3,000+ UK customers seeking alternative banks to hold their funds.

Challenge

The collapse also prompted  soul searching within the banking sector, particularly around the safety of client funds.

ClearBank was uniquely positioned to take a leadership position on this moment having a number of its clients and partners impacted by the issue and a notable influx of deposits following SVB’s collapse.

Solution

CCG worked with ClearBank to create insightful market commentary both at the time of the incident and on its six-month anniversary in September 2023.

The approach reignited media interest, using data to highlight ClearBank’s significant growth in deposits following the collapse.

This data served as a strong hook, while positioning ClearBank as a dependable institution in an otherwise unstable market.

It also gave the opportunity to ClearBank to provide opinion and advice, focusing on its reliability, growth and expertise – as well as a fresh angle in otherwise saturated market discussions.

Hi-jacking Silicon Valley Bank news for ClearBank

Impact

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The commentary saw extensive coverage across top-tier business and national media outlets, as well as leading trade publications.

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It saw a dedicated writeup in City AM and Bloomberg, an entire episode of The Banker Podcast - with Emma discussing the need for a new banking playbook - and a high-profile interview with CNBC TV.

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Overall, the activity reinforced ClearBank’s reputation as a trusted bank and though leader.

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It shone a light on its unique business model that can help institutions and the wider market address the issues raised by the collapse.

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