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Madrona backs WaFd Bank spinout developing consumer software for regional banks

GeekWire

(Archway Photo) Key Takeaways Archway , spun out of Washington Federal (WaFd), provides digital banking infrastructure to regional banks. The Seattle-area startup raised $15 million in a round co-led by WaFd Bank and Madrona Venture Group. The goal is to help community banks stay competitive with giants like J.P

Banking 121
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BNY Mellon banks on AI to improve master data

CIO Business Intelligence

Data about who owes how much to whom is at the core of any bank’s business. At Bank of New York Mellon, that focus on data shows up in the org chart too. Chief Data Officer Eric Hirschhorn reports directly to the bank’s CIO and head of engineering, Bridget Engle, who also oversees CIOs for each of the bank’s business lines.

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Madrona leads $4.9M round for Stratify, a new fintech startup that aims to automate budgeting

GeekWire

million seed investment round led by Madrona Venture Group. He previously spent 12 years at Deutsche Bank and nearly four years at Concur, the travel expense giant that sold to SAP for $8.3 The startup aims to automate the budgeting and forecasting process, replacing legacy software used by various types of companies.

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Implementing Data Literacy, Part 2

Eric D. Brown

I’ll examine how small businesses and startups can approach data literacy on a budget, examine how data literacy needs vary across industries, navigate the ethical challenges of AI and data usage, and wrap up with a few real-world success stories. LinkedIn Groups: Join data-focused groups for networking and learning.

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Hidden Costs of Cybersecurity: Balancing Risk, Complexity & Efficiency

SecureWorld News

In a recent [SecureWorld] event, I was part of a panel that discussed the true cost of cybersecurity along with two other security leaders in the automotive space (Mo Wehbi of Penske Automotive Group and Janette Barretto of Yazaki North America). This is not a common topic to discuss.

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Balancing innovation with value, cost, and practicality: The CIO’s guide to future proofing technology investments

CIO Business Intelligence

Embrace the future-proofing imperative Eighty-three percent of IT leaders and 88% of LOB leaders expect full-year spending in 2024 to be higher or in line with original 2024 budgets despite inflation and potential recession concerns, according to IDC’s Future Enterprise Resiliency and Spending Survey, Wave 3 (March 2024).

Banking 109
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Legendary CIO Anil Cheriyan on delivering innovation that matters

CIO Business Intelligence

I had dinner with a group of CIOs recently and asked them, ‘What do you think about blockchain, quantum, metaverse, and gen AI?’ If you’re a bank, go do it for your bank. There are a lot of legacy environments in the consumer banking space, which makes it very difficult to make a lot of change.

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