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The Collapse of Silicon Valley Bank

The Pragmatic Engineer

In case you somehow missed it: we went through the fastest bank run in history, in an event that impacted about half of all VC-funded startups in the US and UK. ” There was no certainty for startups with money in Silicon Valley Bank. Deposits in Silicon Valley Bank, 1991-2023. The bank was founded in 1983.

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Data News — Week 23.10

Christophe Blefari

In last minute I also added stuff about the Silicon Valley Bank that has been seized by the US FDIC, which will generate a crisis in scale-ups/startups world. First Mark is a NYC VC, in their portfolio they have Dataiku, ClickHouse and Astronomer among other tech or B2C companies. Which led to a bank run.

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How to Manage Risk with Modern Data Architectures

Cloudera

The recent failures of regional banks in the US, such as Silicon Valley Bank (SVB), Silvergate, Signature, and First Republic, were caused by multiple factors. Transform stress testing The recent regional bank collapses also highlighted the crucial role stress-testing plays in modeling economic conditions.

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Bringing Financial Services Business Use Cases to Life: Leveraging Data Analytics, ML/AI, and Gen AI

Cloudera

Cloudera and TAI Solutions in Financial Services Cloudera has a strong presence in the financial services sector, with 82% of the largest global banks, four of the top five stock exchanges, eight out of the top ten wealth management firms, and all four of the top credit card networks among its customers.

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AI in Banking: 5 Applications of Artificial Intelligence in Banking

Edureka

The banking industry is at the forefront of integrating AI, one of its many transformational uses. Today, we explore the top five ground-breaking uses of artificial intelligence in banking as we delve into the realm of money. This enables banks to quickly investigate and take the necessary action.

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Manage the Demand of Stress Testing in Financial Services

Cloudera

Stress tests conducted by authorities such as the Federal Reserve Bank in the US are designed to keenly monitor the financial stability of the banking sector, especially during economic downturns such as those brought on by the pandemic. Stress testing is a particular area that has become even more important throughout the pandemic.

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Discovering Data Monetization Opportunities in Financial Services

Cloudera

Considering today’s mobile-first-, mobile-almost-everything world, there has been a surge in the use of mobile banking applications, only accelerated by the COVID-19 pandemic. Commercial banks can also sell data on business transactions and credit history to credit rating agencies and other financial institutions.

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