In a financial landscape fraught with uncertainty, volatility, and increasing interest rates, FinWise stood as a beacon of stability and growth. As the tumultuous winds of Silicon Valley Bank's challenges swept through the industry, regional banks found themselves on shaky ground, some witnessing an erosion in deposits as clients sought refuge in larger institutions or products providing higher interest rates. The fallout was swift and severe, causing many regional banks to lose nearly a quarter of their value overnight (see chart below under "Macro Environment: Difficult but Stabilizing").