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Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes

TechCrunch

But first, in an essay on TechCrunch, former Homeland Security Secretary Michael Chertoff argues against “the unfettered ‘side-loading’ of apps.” It is an interesting argument against Windows and the larger Web (we kid), but does raise notable points regarding mobile security and consumer expectations. The TechCrunch Top 3.

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The new CIO mandate: Selling AI to employees

CIO

Still, a report surfaced earlier this month that global banks and investment firms are examining the possibility of replacing entry-level financial analyst positions with AI. Employee training on AI is essential, says Sam Ferrise, CTO at Trinetix, a tech consulting firm.

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Daylight raises millions to build a digital banking platform ‘designed for and by’ the LGBTQ+ community

TechCrunch

Over the past year, there has been a surge of newly formed digital banks aimed at specific demographics. The banks in nearly all cases are trying to meet the needs of certain populations that they believe are feeling left out or underserved by traditional financial institutions. Maybe neobanks will break even after all.

Banking 271
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Ex-Plaid employees raise $30M for Stytch, an API-first passwordless authentication platform

TechCrunch

Other angels that have backed the company include Figma co-founder and CEO Dylan Field, Very Good Security co-founder Mahmoud Abdelkader, startup advisor Elad Gil and early Stripe employee and Cocoon co-founder Amber Feng. Enterprise security attackers are one password away from your worst day. Image Credits: Stytch.

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Brick closes $8.5M seed to enable open finance across Southeast Asia

TechCrunch

Financial apps are proliferating across Southeast Asia, making things like bookkeeping or securing an online loan easier. But this means fintechs need access to large amounts of data that they can use to verify customer identity, creditworthiness or aggregate information from online accounts.

CTO Coach 206
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Employee engagement: 10 best practices for improving your culture

CIO

Instead of focusing on administrative tasks, spend time coaching, goal setting, and leading, he says. “I I do AMAs [ask me anything conversations] every six weeks,” says Pedro Canahuati, CTO at 1Password. “I LaMere says this is why it’s important to coach people to become advocates for their own growth. This is scary.

Culture 334
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The Security Innovation Network Showcase: 3-4 Dec in DC

CTOvision

We have been long-term supporters of the Security Innovation Network (SINET) and believe this group plays an important role in being a catalyst for innovation around enterprise cyber security. If you work in enterprise governance, cybersecurity or enterprise IT please check out the agenda below and register and attend.

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