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Industry clouds give CIOs on-ramp to gen AI

CIO

Predominantly a Microsoft shop, the US wealth management arm of Toronto-based Royal Bank of Canada had been searching to replace an antiquated CRM system for advisors spread across 190 locations in 42 states. It’s the first easy-to-use tooling I’ve seen that allows you to do prompt engineering at this stage.”

Industry 307
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CIOs take aim at SaaS sprawl

CIO

Salesforce, Workday, Atlassian, Oracle, Microsoft, GitHub, and ServiceNow are but a few of the many vendors whose cloud applications make up the new tech backbone for most enterprises today, in conjunction with customized in-house apps and niche offerings across public clouds. The remedy, Mohr says, is something IT leaders can never outrun.

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London-based Fidel API lands $65M in Series B funding, proving fintech infrastructure is hotter than ever

TechCrunch

Fidel API is industry agnostic, with customers ranging in the “hundreds,” from startups to giants such as Google, Royal Bank of Canada and British Airways. Just last week, Cross River Bank landed a $620 million investment that pushed its valuation to more than $3 billion.

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Fintech Roundup: How going Fast and furious can ruin your startup

TechCrunch

First off, 3-year-old one-click checkout startup Fast announced it was shutting down after struggling to raise more capital to keep operations running. The announcement wasn’t a complete shock considering there were hints of trouble, as reported by The Information, the week prior. Now, hubris on the part of executives is another story.

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Unicorn travel startup Hopper is facing a pandemic-fueled customer service nightmare

TechCrunch

But the complications around getting airline credits and refunds have since turned into a customer service crisis for the airfare prediction and ticket booking startup, which had been valued at $750 million back in 2018 before reaching unicorn status thanks to an undisclosed round it closed amid COVID lockdowns this year.

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Software AG Ranked as a Leader in the Big Data Streaming Analytics Platforms

CTOvision

Citing Software AG as a company with a “…vision (that) puts real-time customer experience first”, Forrester highlighted several features that landed Software AG’s in the Streaming Analytics Leader category, including: Stream Processing - “Software AG IBO provides comprehensive streaming operators.

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Top 10 countries attracting international tech talent

CIO

Deutsche Bank launched its own tech hub in Berlin, pulling operations and staff from Russia amid Russia’s invasion of Ukraine. Making an international move can be dauting — but moving for a new job can take some of the pressure off. Münich, Frankfurt, Hamburg, and Stuttgart are among several more cities in Germany with vibrant tech scenes.