CFOs are becoming catalysts of digital strategy

As the pandemic continues to challenge organizations worldwide, the role of chief financial officers (CFOs) has moved further beyond “economic guardians” of the enterprise to “architects of business value” and “catalysts of digital strategies,” with 72… Continue reading CFOs are becoming catalysts of digital strategy

Successful BEC attacks become 56% more costly

The number of phishing attacks grew through 2020, fully doubling over the course of the year. Attacks peaked in October 2020, with a high of 225,304 new phishing sites appearing in that month alone, breaking all previous monthly records, according to A… Continue reading Successful BEC attacks become 56% more costly

5G networks to incite job growth and boost GDP

5G networks could create about 4.5 million jobs in the US and add roughly $1.5 trillion to the country’s GDP, according to BCG. The analysis shows that 5G will contribute to US GDP and employment growth by enabling of innovation that will transfo… Continue reading 5G networks to incite job growth and boost GDP

Lightspeed and Max Levchin bet on Balance to bring B2B payments into the digital world

Consumer payments is by no means a solved problem (I’ll trigger one hundred blockchain people if I say otherwise), but it sure as heck a pretty improved one. Checkout is a breeze with modern tools ranging from Stripe and PayPal to Fast and Rapyd to Apple and Google Pay. If you happen to need financing, […] Continue reading Lightspeed and Max Levchin bet on Balance to bring B2B payments into the digital world

How consumers protect sensitive information when using FinTech apps

42% of global consumers use a free FinTech app or platform. Of those, 50% do not know if the app they use sells their data. ESET has explored the topic of data security in the consumer segment of its global financial technology (FinTech) research, surv… Continue reading How consumers protect sensitive information when using FinTech apps

Run:AI raises $30M Series B for its AI compute platform

Run:AI, a Tel Aviv-based company that helps businesses orchestrate and optimize their AI compute infrastructure, today announced that it has raised a $30 million Series B round. The new round was led by Insight Partners, with participation from existing investors TLV Partners and S Capital. This brings the company’s total funding to date to $43 […] Continue reading Run:AI raises $30M Series B for its AI compute platform

Extra Crunch roundup: Digital health VC survey, edtech M&A, deep tech marketing, more

Speaking as an unvaccinated urban dweller: I’d rather speak to a nurse or doctor via my laptop than try to remain physically distanced on a bus or hailed ride traveling to/from their office. Continue reading Extra Crunch roundup: Digital health VC survey, edtech M&A, deep tech marketing, more

Financial institutions must prepare for increased risk of financial crime

LexisNexis Risk Solutions published survey results of U.S. and Canadian compliance professionals on the range of challenges that financial institutions have experienced during the COVID-19 pandemic. The survey outlines the issues that many financial in… Continue reading Financial institutions must prepare for increased risk of financial crime

Financial institutions can strengthen cybersecurity with SWIFT’s CSCF v2021

The Society for Worldwide Interbank Financial Telecommunications (SWIFT) has introduced an updated set of baseline customer security controls that all of its users must implement on their SWIFT-related infrastructure by mid-year 2021. SWIFT is the worl… Continue reading Financial institutions can strengthen cybersecurity with SWIFT’s CSCF v2021

Public cloud IT infrastructure revenue increasing

Vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, increased 9.4% year over year in the third quarter of 2020 (3Q20), according to IDC. I… Continue reading Public cloud IT infrastructure revenue increasing