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Digital bank Umba raises $15M, plans to expand into three new African markets

TechCrunch

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked.

Banking 238
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Unlocking generative AI’s greatest growth opportunities

CIO

Along the way, business leaders in every industry have been scrambling to develop their generative AI strategies, address potential risks, and figure out the best next action while trying to stay one step ahead of the competition. Where will the biggest transformation occur first? First, it is clear that generative AI will transform business.

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AI adoption accelerates as enterprise PoCs show productivity gains

CIO

Some prospective projects require custom development using large language models (LLMs), but others simply require flipping a switch to turn on new AI capabilities in enterprise software. “AI We don’t want to just go off to the next shiny object,” she says. “We Webster Bank is following a similar strategy.

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5 top ERP trends for 2022 — and their implications for IT leaders

CIO

Customization gives way to standardization The traditional practice of enterprise technology leaders customizing an ERP solution to meet their specific enterprise or business needs is giving way to implementing an off-the-shelf solution. This is cumbersome and leads to additional cost.

Trends 363
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Why entrepreneurs claim there’s no better place to do business than Puerto Rico

CIO

A college internship in Puerto Rico with Microsoft gave him the spark of an idea, and after working for six months in IT for a bank, also located on the island, he saw his opportunity. Lugo founded Internet Vision Development (INVID) to fill this gap, customizing off-the-shelf software for customers. Federal Government.

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Drone data scanning company Skycatch announces a $25M raise

TechCrunch

Image Credits: The company’s technology works with off-the-shelf drones, including ones manufactured by DJI. Skycatch is also working with off-the-shelf lidar companies to help capture data in more difficult environments, including underground for mining operations. Indonesia, China, Philippines, Thailand and Japan.

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Transforming IT culture for business success

CIO

In lieu of integrating and customizing off-the-shelf enterprise applications such as Salesforce or SAP, Power Home Remodeling has constructed its own proprietary NITRO platform used to run and optimize all aspects of the business and customer experience. Back in the day, IT culture was all about the perks.

Culture 321