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Financial institutions (FIs), such as banks and insurance providers, are reporting significantly increased threat levels from COVID-related cybercrime, according to a research by BAE Systems Applied Intelligence. A huge jump in new pandemic-related thr… Continue reading Financial institutions experiencing jump in new pandemic-related threats
When it comes to digital transformation and its significance amongst other corporate priorities, 80% of CFOs globally cite it is within the top-five of their list of priorities. Furthermore, 71% of CFOs surveyed believe that digital transformation inve… Continue reading Digital transformation investments a top priority for most CFOs
Although 80% organizations recognize cloud computing as being vital to their financial security, 57% have encountered unexpected costs, according to a study from Aptum. 80% IT professionals see success in utilizing cloud services to unlock greater busi… Continue reading How organizations can optimize cloud spend
Cybersecurity nightmares like the SolarWinds hack highlight how malicious hackers continue to exploit vulnerabilities in software and apps to do their dirty work. Today a startup that’s built a platform to help organizations protect themselves from this by running threat detection and response at the network level is announcing a big round of funding to […] Continue reading Vectra AI picks up $130M at a $1.2B valuation for its network approach to threat detection and response
Vena, a Canadian company focused on the Corporate Performance Management (CPM) software space, has raised $242 million in Series C funding from Vista Equity Partners. As part of the financing, Vista Equity is taking a minority stake in the company. The round follows $25 million in financing from CIBC Innovation Banking last September, and brings […] Continue reading Vista Equity takes minority stake in Canada’s Vena with $242M investment
Consumers across the U.S. and Canada have embraced digital banking and biometric identity proofing during the COVID-19 pandemic, a FICO study has found. The study found that 41 percent of North American consumers are more likely to use digital means to… Continue reading Consumers embracing biometrics to protect their information
For IBM, much of the last 8 years simply posting positive revenue growth was a challenge. In fact, the company had a period between 2013 and 2018 when it experienced an astonishing 22 straight quarters of negative revenue growth. So when Big Blue reported yesterday that revenue was up slightly, I’m sure the company took […] Continue reading IBM breaks latest revenue losing streak as cloud revenue shows modest growth
“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access, and usually competitively priced — than those typically provided their bigger, incumbent rivals. Now, a startup out of Romania that is building tools to help the incumbents […] Continue reading FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services
The number of users of software-based facial recognition to secure payments will exceed 1.4 billion globally by 2025, from just 671 million in 2020, a Juniper Research study reveals. This rapid growth of 120% demonstrates how widespread facial recognit… Continue reading Number of users of software-based facial recognition for payments to surge
If you accept that VMware is in play, the prospective price tag means that the number of firms that could afford such a purchase are few and far between. Continue reading Once VMware is free from Dell, who might fancy buying it?