Remove Banking Remove Compliance Remove Technical Review
article thumbnail

Security is dead: Long live risk management

CIO

Traditional security approaches have become unsustainable for technology leaders navigating todays complex threat landscape. As regulators demand more tangible evidence of security controls and compliance, organizations must fundamentally transform how they approach risk shifting from reactive gatekeeping to proactive enablement.

article thumbnail

Productfy raises $16M to build the ‘Shopify of embedded finance’

TechCrunch

a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. From a product architecture standpoint, Productfy has been built “from the ground up,” he said, to operate with multiple banking partners. Productfy Inc. ,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The targeted approach to cloud and data CIOs need for ROI gains

CIO

We’re in publishing, but it’s the accompanying services that differentiate us on the market; the technology component is what gives value to our business.” Much of this growth is driven by investments in AI technologies, and IDC also expects cloud infrastructure spend to increase 26% compared to 2023.

Cloud 179
article thumbnail

Blockchain: Distributed Shared Ledger Technology in Banking

Hacker Earth Developers Blog

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. But when it comes to intra-organizational processes, challenges arise due to process design and lack of mutual trust. Benefits of Blockchain in banking.

article thumbnail

Mercury restricted a number of accounts linked to African startups and didn’t exactly say why

TechCrunch

Yesterday, Mercury , which describes itself as a bank for startups, restricted several accounts linked to African tech startups, TechCrunch has learned. . We’re prioritizing the review of your account with our bank partner. — 10X Tech Bro (@OdunEweniyi) March 1, 2022. This is not a good look.

article thumbnail

Unlocking the full potential of enterprise AI

CIO

Research from Gartner, for example, shows that approximately 30% of generative AI (GenAI) will not make it past the proof-of-concept phase by the end of 2025, due to factors including poor data quality, inadequate risk controls, and escalating costs. [1] Without the necessary guardrails and governance, AI can be harmful.

article thumbnail

The Importance of Security and Compliance in Enterprise Applications

OTS Solutions

However, as more organizations rely on these applications, the need for enterprise application security and compliance measures is becoming increasingly important. Breaches in security or compliance can result in legal liabilities, reputation damage, and financial losses.