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Banks bet on AI to deliver digital efficiencies

CIO

In the face of shrinking budgets and rising customer expectations, banks are increasingly relying on AI, according to a recent study by consulting firm Publicis Sapiens. Around 42% percent of banks rely on personalized customer journeys to improve the customer experience.

Banking 212
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How AI orchestration has become more important than the models themselves

CIO

As many companies that have already adopted off-the-shelf GenAI models have found, getting these generic LLMs to work for highly specialized workflows requires a great deal of customization and integration of company-specific data. Large language models (LLMs) just keep getting better. From Llama3.1 to Gemini to Claude3.5

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Digital bank Umba raises $15M, plans to expand into three new African markets

TechCrunch

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked.

Banking 238
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Taktile makes it easier to leverage machine learning in the financial industry

TechCrunch

It makes sense as banks and insurance companies gather a ton of data and know a lot of information about their customers. A few startups have worked on products that can be integrated in existing banking infrastructure. The product works with both off-the-shelf models and customer-built models. It has raised a $4.7

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Drone data scanning company Skycatch announces a $25M raise

TechCrunch

Image Credits: The company’s technology works with off-the-shelf drones, including ones manufactured by DJI. Skycatch is also working with off-the-shelf lidar companies to help capture data in more difficult environments, including underground for mining operations. Indonesia, China, Philippines, Thailand and Japan.

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5 top ERP trends for 2022 — and their implications for IT leaders

CIO

Customization gives way to standardization The traditional practice of enterprise technology leaders customizing an ERP solution to meet their specific enterprise or business needs is giving way to implementing an off-the-shelf solution. This is cumbersome and leads to additional cost.

Trends 218
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Martie launches with $3M to divert shelf-stable food items from landfills

TechCrunch

Louise Fritjofsson and Kari Morris started the company in January to “rescue” pantry staples and offer them, initially in California, for between 40% and 70% off retail prices. Ironically, they learned that donating surplus food to places like food banks was difficult, cumbersome and the tax credit only went so far.