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Six steps to creating a successful IT strategy: A guide for CIOs

CIO

IT leaders must understand how the business plans to compete, grow, and create value in the market to align IT initiatives within the company’s broader objectives. By staying ahead of market trends, the organization remains agile, adaptable, and ready to outperform rivals. Learn more about IDC’s research for technology leaders.

Strategy 200
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Nigerian digital bank Kuda is the latest African startup to lay off employees

TechCrunch

Kuda , the challenger bank based in Nigeria and the U.K., Kuda, the African challenger bank, raises $55M at a $500M valuation. Per sources, this includes growth, marketing and product departments. has joined the ranks of tech companies in Africa that are pruning their workforce. billion, cut 15% of its staff in June.

Banking 343
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Most fintechs partner with banks; Varo became one, and says it’s paying off

TechCrunch

Last month, Varo Bank celebrated the two-year anniversary of obtaining its national bank charter. consumer bank. The startup launched its banking services in 2017, aimed at making younger consumers comfortable doing all their banking online. Our largest reduction in spend is coming from marketing.

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Sweden-based digital bank Northmill raises $30M

TechCrunch

Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Notably, this will include plans to launch in 10 new markets as Northmill aims to step on the gas. I see great growth potential in the bank.”. Next stop, Norway.

Banking 234
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Mexican challenger bank albo raises $45 million to expand

TechCrunch

With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a dominant player in Mexico’s emerging fintech industry. albo has proven its ability to drive sustainable growth and is leading the market.

Banking 240
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CIO100 ASEAN Awards 2024: and the finalists are …

CIO

Innovation can be internal and help change the way an organisation operates – or external and focused on meeting market growth aspirations. Sustainability metrics can include activities that affect the climate, waste, and energy use. It can also include new digital products and services.

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Varo Bank raises massive $510M Series E at a $2.5B valuation as it eyes the public markets

TechCrunch

Varo Bank , which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it has raised a staggering $510 million in a Series E funding round at a $2.5 Varo Bank raises another $63M, led by NBA star Russell Westbrook. effectively becoming a “real” bank but with no physical branches.

Banking 233