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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. Business was good, and the company grew, mostly serving businesses located in Puerto Rico. Business, IT Leadership Federal Government.

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Fostering Innovation at Discover Financial Services

CIO

At Discover® Financial Services, it lies at the heart of the company’s business goals and growth. Innovation is about modernization, it’s about optimization,” said Dan Gisolfi, Distinguished Engineer, Head of Innovation and Intellectual Property at Discover Financial Services.

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Lawsuit claims IBM falsely used mainframe sales to boost AI, cloud businesses

CIO

The lawsuit alleges that the company and some of its executives “knowingly or recklessly engaged in a device, scheme, or artifice to defraud, engaged in acts, practices, and courses of business conduct designed to deceive investors.” The law firm submitting the new lawsuit, The Rosen Law Firm, declined to comment.

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CIOs weigh where to place AI bets — and how to de-risk them

CIO

When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. Given existing relationships with Webster Bank, that includes AWS and Microsoft. This ensures that none of our sensitive data and intellectual property are availed to an outside provider.”

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What are the main challenges CISOs are facing in the Middle East?

CIO

This is very crucial for example in the payments industry where failure to comply with requirements such as PCI-DSS could force an organisation out of business. As the overall banking public in Saudi Arabia and worldwide becomes more cashless, more incidences of online financial crime continue to be reported.

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Generative AI in Investment Banking

Alpha Sense BI

While they are not newcomers to digital transformation, investment banks (IBs) are increasingly adopting generative artificial intelligence (genAI) across their organizations. In the last couple of decades, investment banks have adopted AI for customer-centric interfaces and to automate data functions. million per employee by 2026.

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Tech leaders weigh in on the upside and flipside of generative AI

CIO

Generative AI is a key part of our business strategy, facilitating growth with AI-enabled processes already live in production,” he says. We ran workshops with every division of our business, educating them on the accelerating innovation in this area, brainstorming opportunities and risks.