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Should finance organizations bank on Generative AI?

CIO

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. In the finance and banking industry, however, organizations are seeking extra guidance on the best way forward. In short, yes. But it’s an evolution. Automation.

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What are the main challenges CISOs are facing in the Middle East?

CIO

From a cybersecurity perspective, how has been 2023? Very eventful year as far as cybersecurity is concerned. This continued emergence of cloud environments has greatly affected application development and their associated security architectures. What are the top three challenges security leaders will face in 2024?

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Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits

TechCrunch

Hi, Crunchers, Today, there’s only one story on everyone’s lips: The sudden and dramatic collapse of Silicon Valley Bank (SVB), the 40-year-old Silicon Valley institution. With $209 billion of assets under management at the time of its failure, it’s the second-largest bank failure in U.S.

Banking 246
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For startups, trustworthy security means going above and beyond compliance standards

TechCrunch

Oren Yunger is an investor at GGV Capital , where he leads the cybersecurity vertical and drives investments in enterprise IT, data infrastructure, and developer tools. He was previously chief information security officer at a SaaS company and a public financial institution. Oren Yunger. Contributor. Share on Twitter.

Security 345
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4 Elements That Balance Security and Resiliency

CIO

Does your organization need to improve security and upgrade its IT infrastructure? Those are the top two reasons for the rise in EMEA IT budgets, according to the Foundry 2022 State of the CIO study. These priorities are in response to an ever-evolving business and security landscape. How to balance security with resiliency.

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Egypt’s Nexta to launch “next-gen banking” app with fresh $3M

TechCrunch

Nexta , an Egyptian startup that plans to launch its banking app in the coming months, has secured a $3 million investment from eFinance Group, a state-owned provider of digital payments solutions. Founded by Ahmed Hisham in 2021, Nexta wants to disrupt the Egyptian fintech scene with its “next-generation banking” app and card.

Banking 236
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Droit, a regulatory compliance platform used by major banks, raises $23M

TechCrunch

Compliance Financial compliance spending reportedly topped $274 billion in 2022 , up from $214 billion two years previous, and can account for more than 5% of institutions’ annual budgets. Droit, a regulatory compliance platform used by major banks, raises $23M by Paul Sawers originally published on TechCrunch