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What the Digital Operational Resilience Act means for you

CIO

Cyber attacks and data breaches can wreak havoc on a business’ IT systems, resulting in massive costs to fix the damage and a long-lasting impact on customers that could hamper a company’s growth for years to come. While it’s an EU policy with ramifications for EU businesses, the impact will undoubtedly affect businesses worldwide.

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Credable, a digital banking infra startup that wants to build Unit for emerging markets, gets funding

TechCrunch

Banking infrastructure providers are mainly responsible for the proliferation of such solutions. They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for their customers. Banking-as-a-service startup Unit closes on $100M at a $1.2B

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Vyne raises $15.5M seed round to grow its merchant-focused open banking solutions

TechCrunch

Open banking — a new approach to payments and other financial services that disrupts traditional card-based infrastructure by linking directly into banks — is having a moment. The sizable seed round from strong investors is due to a few factors. million to help it grow. million to help it grow.

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The Hidden Gem of Savings in the Software Delivery. And no, it’s not AI

CIO

It will improve project management, help with requirements creation, assist developers with coding, cover the system with auto-tests, report defects, and improve deployment. Example 1: major outage after a core system update A large broker-dealer updated its core system and immediately ran into a catastrophic failure.

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Vesta closes on $30M in an a16z-led Series A to build a new kind of mortgage infrastructure

TechCrunch

In an effort to make it simpler, faster and cheaper, a pair of former Blend employees have teamed up to build mortgage loan origination software that will connect banks, credit unions, mortgage bankers and brokers. The sheer volume of loan originations is testament to the need for more efficient loan origination systems (LOS).

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Cybersecurity Snapshot: U.S. Gov’t Unpacks AI Threat to Banks, as NCSC Urges OT Teams to Protect Cloud SCADA Systems

Tenable

Check out new guidance for banks on combating AI-boosted fraud. Plus, how to cut cyber risk when migrating SCADA systems to the cloud. Treasury Department has issued a report aimed at helping banks and other financial institutions address this emerging AI threat. Meanwhile, why CISA is fed up with SQLi flaws. And much more!

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Ghanaian agtech Farmerline to use new funding to strengthen its infrastructure, help farmers create wealth

TechCrunch

study suggests that while sub-Saharan Africa has the potential to increase (even triple) its agricultural output and overall contribution to the economy, the sector remains untapped largely due to lack of access to quality farm inputs, up to par infrastructure like warehousing and market. A McKinsey and Co. million ($6.4m