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

TechCrunch

I write this twice-weekly newsletter on a tight deadline, so when I saw a press release that started with “Silicon Valley Bank, Santa Clara, California, was closed today,” I realized I might need to pivot. ” Silicon Valley’s favorite bank just failed. Will those customers ever be made whole? Sit with that.

B2B 229
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Bank CEOs are expressing concerns about the ongoing banking crisis.

CEO Insider

According to the most recent CEO survey by CEOWORLD magazine Executive Council, the current banking crisis has caused concern among chief executives; however, they are not inclined to switch institutions. A survey was published less than a month after the federal bailout of three regional banks. All rights reserved.

Banking 118
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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO

Digitalization is a double-edged sword for banks, especially when it comes to security. As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy.

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Savana raises a fresh round of capital to digitize banks’ services

TechCrunch

Malvern, Pennsylvania–based Savana, a company building financial software products for legacy banks, today announced that it raised $45 million. Prior to FIS, he launched Sanchez Computer Associates, a supplier of core banking systems. “Today’s consumers prefer digital-only banking. Image Credits: Savana.

Banking 222
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4 industries where chatbots will have the biggest impact

CIO

More than 80% of business leaders believe that the best bang for their gen AI buck is in chatbots for automating customer service and improving knowledge management, according to a Capgemini survey of 1,000 companies in 13 countries. Banking customers are increasingly using chatbots in their everyday transactions.

Industry 261
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Silicon Valley Bank implodes, Apple launches a new music service, and ChatGPT goes enterprise

TechCrunch

most read Silicon Valley Bank implodes: Silicon Valley Bank Financial, the publicly traded holding firm of Silicon Valley Bank (SVB), is in crisis. Venture firms advised portfolio companies to move money out of SVB after the bank said it would book a $1.8 Don’t miss it. Now on to WiR.

ChatGPT 234
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Technology’s role in social sustainability

CIO

And according to a survey from NTT, a majority of senior executives recognize this and are actively working to harness digital technology and innovation to support their social sustainability initiatives. Technology has a critical role to play in any organization’s social sustainability strategy. That number is set to grow.