Silvergate says issues with inbound wire transfers tied to Fedwire payments processor have been resolved

Quick Take

  • Silvergate clients had been experiencing difficulties with wire transfers since last week due to an outrage by its payment processor Finastra
  • According to the bank’s CEO Alan Lane, the system is now fully operational.

Silvergate says that its system is now fully operational after reports of further client issues on Monday. 

The La Jolla, California-based bank had been experiencing prob