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

CIO

This means conducting a SWOT analysis to identify IT strengths — like skilled talent, relevant technologies, strong vendor relationships, and rapid development capabilities — and addressing weaknesses such as outdated systems, resource limitations, siloed teams, and resistance to change.

Strategy 200
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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] AI in action The benefits of this approach are clear to see.

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Global tariffs shake up CIOs’ IT agendas

CIO

Leal, senior vice president and CIO of Vantage Bank in San Antonio, Texas, said IT will replace network switches, access points, and firewalls, and the plan was to divide the project into smaller phases. In terms of his supply chain, Leal says IT is trying to procure things as quickly as possible due to anticipated rising costs.

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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

One of the startups working toward this vision is Zimbabwe’s FlexID, which is building a blockchain-based identity system for those excluded from the banking system due to their lack of identity documents. More than 60% of adults in sub-Saharan Africa are unbanked, according to World Bank estimates for 2021.

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Stenn banks $50M on a $900M valuation for a platform to finance SMBs that trade internationally

TechCrunch

And yet, “the main source [of funding] for them right now is the traditional banking system. Banks in developed countries are focused on supply chain finance for large countries and banking systems in developing markets are still underdeveloped. trillion and will grow to $6.1

Banking 208
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FloQast builds an AI-powered accounting transformation solution with Anthropic’s Claude 3 on Amazon Bedrock

AWS Machine Learning - AI

You can reconcile bank statements against internal ledgers, get real-time visibility into financial operations, and much more. Consider this: when you sign in to a software system, a log is recorded to make sure theres an accurate record of activityessential for accountability and security.

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Tuna raises $3M to address complexity of e-commerce payments in Latin America

TechCrunch

Tabor explained that the e-commerce landscape in Latin America was consolidated, meaning few banks controlled more of the market. That process involves manual analysis and constant adjusting due to fraud. In the U.S., In the U.S., Instead, merchants in Latam have to tap into other organizations that have that data.”.