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Your IT infrastructure may be more outdated than you think

CIO

But in conflict with CEO fears, 90% of IT leaders are confident their IT infrastructure is best in class. Still, IT leaders have their own concerns: Only 39% feel their IT infrastructure is ready to manage future risks and disruptive forces. In tech, every tool, software, or system eventually becomes outdated,” he adds.

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Case in point: taking stock of the CrowdStrike outages

CIO

Last summer, a faulty CrowdStrike software update took down millions of computers, caused billions in damages, and underscored that companies are still not able to manage third-party risks, or respond quickly and efficiently to disruptions. Its worth doing that extra step of diligence because it can save you problems down the road, she says.

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Stitch raises $21M for its API infrastructure and embedded finance platform

TechCrunch

The company describes the financial graph as an infrastructure for financial building blocks that allow businesses to write code once, launch in multiple markets and scale faster based on interoperability across regions, providers, banks, and other types of financial accounts. “We Stitch views this graph in three stages.

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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.

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Alphabet’s CapitalG leads $40 million round in fintech Mantl

TechCrunch

Community banks and credit unions aim to be the heart of the, well, communities, they serve. And not only are they competing with legacy players, there is also a slew of digital banks that have emerged in recent years, as well. How to fix) 5 common UX mistakes in online banking.

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Vesta closes on $30M in an a16z-led Series A to build a new kind of mortgage infrastructure

TechCrunch

In an effort to make it simpler, faster and cheaper, a pair of former Blend employees have teamed up to build mortgage loan origination software that will connect banks, credit unions, mortgage bankers and brokers. The infrastructure they are creating will be a core driver to automation and adoption in the industry.”.

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Vyne raises $15.5M seed round to grow its merchant-focused open banking solutions

TechCrunch

Open banking — a new approach to payments and other financial services that disrupts traditional card-based infrastructure by linking directly into banks — is having a moment. The sizable seed round from strong investors is due to a few factors. million to help it grow. million to help it grow.

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