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Case in point: taking stock of the CrowdStrike outages

CIO

What happened In CrowdStrikes own root cause analysis, the cybersecurity companys Falcon system deploys a sensor to user machines to monitor potential dangers. Akamai was not itself a CrowdStrike customer, but does use similar services from outside vendors to help protect its systems. Clancy asks. A total of 8.5 Trust, but verify.

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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technologies, strong vendor relationships, and rapid development capabilities — and addressing weaknesses such as outdated systems, resource limitations, siloed teams, and resistance to change.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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IT leaders on DOGE’s bold COBOL ambitions: Pure folly

CIO

COBOL is more than 60 years old, and concerns about maintaining the ancient programming language are on the rise, as many longtime COBOL coders head toward retirement and enterprises across nearly every industry remain beholden to it for mission-critical systems. In general, rewriting any legacy system needs to make a business case, he says.

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How Apoidea Group enhances visual information extraction from banking documents with multimodal models using LLaMA-Factory on Amazon SageMaker HyperPod

AWS Machine Learning - AI

The banking industry has long struggled with the inefficiencies associated with repetitive processes such as information extraction, document review, and auditing. As a result, banks face operational challenges, including limited scalability, slow processing speeds, and high costs associated with staff training and turnover.

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SVB collapse forces African startups to rethink their banking options

TechCrunch

The collapse of Silicon Valley Bank (SVB) last week sent ripples in startup ecosystems around the world, and it is emerging that millions of dollars held by African startups and venture capital funds at the bank were at stake, until the U.S. Most of our funds are in various other banks in US & around the world. Nala, a U.K.-based

Banking 208
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Varo Bank raises another $63M, led by NBA star Russell Westbrook

TechCrunch

Varo Bank , which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it’s raised another $63 million in new funding. Existing Varo Bank investors include Warburg Pincus, The Rise Fund, Gallatin Point Capital, HarbourVest Partners and funds managed by BlackRock.

Banking 237
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Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. For Emmanuel Morka, CIO at Access Bank Ghana, open banking is the future and enterprises should seize on the opportunity.

Banking 179