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Axoflow Secures $7M Seed Funding for Cybersecurity Innovation, Led by EBRD
Axoflow, a cybersecurity startup, has secured $7 million in seed funding, led by EBRD Venture Capital, to improve the quality and accessibility of security data for enterprises. Existing investors, including Credo Ventures and e2vc, have also increased their stakes. Axoflow focuses on automating security data management, enhancing threat detection, integrating AI, and supporting compliance. The new funding will advance its security data pipeline, reducing data volume by over 50% and lowering operational costs. As cyber threats grow increasingly complex, Axoflow aims to empower cybersecurity professionals with better control and visibility, strengthening overall security posture.
Michael P. Lyons Takes the Helm as New CEO of Fiserv: A Strategic Leadership Shift
Fiserv, a Wisconsin-based financial technology provider, has appointed Michael P. Lyons as its new CEO following Frank Bisignano’s transition to Commissioner of the Social Security Administration. Lyons, who will also join the Board of Directors, expressed his commitment to innovation and delivering exceptional solutions to clients. Additionally, Doyle R. Simons has been appointed as the non-executive Chairman of the Board, succeeding his role as Lead Independent Director. Both leaders aim to enhance Fiserv’s reputation in the fintech sector while focusing on client service, innovation, and sustainable growth strategies for shareholders.
Unlocking Scalable Innovation in Custody and Modern Banking: The Power of Frameworks
In the fast-evolving financial sector, frameworks are crucial for enhancing software development, particularly in banking and financial services. They provide a structured foundation that accelerates development, reduces errors, and streamlines change management. Frameworks facilitate scalability and efficiency, enabling institutions to handle large datasets and improve responsiveness through asynchronous processing and standardized procedures. A notable example is the eMACH.ai Custody Framework, which automates file uploads, significantly reducing processing time and enhancing reliability. Built on a microservices model, it allows financial institutions to develop agile and future-ready solutions, improving overall operational efficiency and user experience.