Catastrophe Strikes Fintech Landscape
In an unprecedented financial debacle, Evolve Bank faces turmoil after its partnership with Synapse imploded. Once managing around $10 billion in funds for fintech innovators like Stripe and Affirm, Evolve…
Business disruptions refer to unexpected events or changes that negatively impact the normal operations of a business. These disruptions can arise from various sources, including natural disasters, technological failures, economic downturns, supply chain interruptions, or significant shifts in consumer behavior. The consequences of such disruptions can include financial losses, decreased productivity, and damage to reputation.
In the context of strategic planning and risk management, businesses aim to identify potential disruptions and implement strategies to mitigate their effects. This may involve developing contingency plans, investing in technology and infrastructure improvements, and establishing resilience practices. Overall, the ability to anticipate and respond to business disruptions is crucial for maintaining operational continuity and achieving long-term success.
In an unprecedented financial debacle, Evolve Bank faces turmoil after its partnership with Synapse imploded. Once managing around $10 billion in funds for fintech innovators like Stripe and Affirm, Evolve…