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TC+ roundup: Silicon Valley Bank fails, fintech VC survey, B2B growth tools

TechCrunch

To protect SVB’s former customers, who have around $175 billion in deposits, the Federal Deposit Insurance Corporation (FDIC) transferred assets to a new entity: the Deposit Insurance National Bank of Santa Clara. Insured customers who deposited $250,000 or less will have access to their money on Monday morning, according to the FDIC.

B2B 229
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Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits

TechCrunch

The agency appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The current budget-constrained environment should be seen as a net positive by marketers,” he writes. “It It will force teams to think deeply about what’s absolutely necessary, which tools will add efficiency (or subtract from it).”

Banking 246
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11 ways to reduce your IT costs now

CIO

The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.” The need to reorient IT’s budget toward future opportunities is one big reason CIOs are reviewing their IT portfolios now. But it’s not the only one.

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Automated Claims Processing: Using RPA and Machine Learning to Manage Insurance Claims

Altexsoft

The insurance industry is notoriously bad at customer experience. In the last few years, Chinese tech giants have been making massive strides at becoming the center of insurance innovation. To compete, insurance companies revolutionize the industry using AI, IoT, and big data. Not in China though. Why automate claims?

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9 traits of great IT leaders

CIO

In other words, they excel at managing IT budgets, projects, staffing needs, and so on. But it’s not all about making good decisions fast, he says; it’s also about creating the right safety nets for such actions. They have some, although not deep, understanding of the various technologies within their IT portfolios.

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Basics to Budgeting for Retail Space

Strategy Driven

Regarding budgeting for retail space, several key factors must be considered. In addition to these costs, you’ll need to consider ongoing expenses such as utilities, insurance, and property taxes. Create a detailed budget and stick to it as closely as possible. How Do You Find Average Monthly Commercial Rents Near You?

Budget 38
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For Fintech, 2024 Was A Year of Hype, Hustle and Hard Truths. What’s Next In 2025?

Crunchbase News

For instance, Revolut has introduced AI-enabled budgeting tools, but these mostly categorize expenses instead of adapting dynamically to complex spending behaviors. Now at BoBo, she is bridging the tech gap between private banks, advisers and the digital-first generation of ultra-high-net-worth individuals. Illustration: Dom Guzman

Fintech 75