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Message from Veem CEO regarding recent banking disruptions

March 14, 2023

This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
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On March 10, 2023, California financial regulators shut down Silicon Valley Bank (SVB) and appointed the Federal Deposit Insurance Corporation (FDIC) as a receiver to protect customer funds.

I want to assure you that Veem remains operational and is ready to serve your payment needs. Veem maintains multiple banking relationships to ensure we can service your payment needs both in the US and Canada, as well as Cross Border Payments. We continue to rely on reputed banking partners across the globe to process payments including Citi and HSBC.

As always, we remain dedicated to processing your payments and supporting your needs. If you have additional questions, please reach out to us at

Thank you for your continued trust.

Marwan Forzley
CEO, Veem

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