Remove Banking Remove Social Remove Technical Review
article thumbnail

IT leaders on DOGE’s bold COBOL ambitions: Pure folly

CIO

Many IT leaders scoffed when they heard that Elon Musks US Department of Government Efficiency wants to rip out millions of lines COBOL code at the Social Security Administration and replace it within a matter of months. Social Security is not something to fail fast on.

article thumbnail

Fintech Roundup: Due diligence makes a comeback and a former Better.com employee speaks out

TechCrunch

Investors appeared to be backing some startups in part due to FOMO, and that’s not necessarily a good thing. It’s an absolutely different environment from Q4 of last year,” he said, “not just in terms of the level of diligence but also, in the access to capital. And in his view, and mine quite frankly, that’s not a bad thing.

Insiders

Sign Up for our Newsletter

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

Trending Sources

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. ,

article thumbnail

Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

If you recall, we released a year in review in January 2020 before we released the fiscal year of 2019 report,” he told TechCrunch. The company’s year on review, on the other hand, highlights payments processed, customer base, loans disbursed, and investments made on the platform. . billion (~$241.35 Image Credits: Carbon.

Banking 291
article thumbnail

Rethinking digital transformation for the agentic AI era

CIO

A primary objective is evolving business models as technology, data, and AI rapidly change customer expectations and market opportunities. Technological paradigm shifts and disruptive global forces require CIOs to rethink their digital strategies every two years.

CTO Coach 214
article thumbnail

Silicon Valley Bank implodes, Apple launches a new music service, and ChatGPT goes enterprise

TechCrunch

It’s Kyle again, Greg’s stand-in for Week in Review. (He’ll If you’re a WiR newbie, it’s the newsletter where we recap the past five days in tech news. most read Silicon Valley Bank implodes: Silicon Valley Bank Financial, the publicly traded holding firm of Silicon Valley Bank (SVB), is in crisis.

ChatGPT 234
article thumbnail

Prewave pulls in $20M as supply chain tech investments remain on VC radars

TechCrunch

“We also connect to several social media platforms and for specific event types we use external data sources as for example USGS (United States Geological Survey) for earthquake data or GDACS (Global Disaster Alert and Coordination System) for weather information.