Blockchain Press Releases
Finastra’s Ignite! conference highlights key innovation strategies for community banks and credit unions
Takeaways emphasize the importance of creating an enhanced customer experience, and using technology to deliver meaningful moments and interactions
ORLANDO, Fla., Aug. 9, 2023 /PRNewswire/ — Finastra, a global provider of financial software applications and marketplaces, brought together leaders from community banks and credit unions across the United States to discuss innovation in financial technology, operational and strategic initiatives, and the power of collaboration at its annual Ignite! Conference in Orlando. Hosted in early June, the event emphasized collaboration and community, providing a forum for Finastra Universal Banking customers to come together and share experiences while working together to both support the local community and to embrace a more open financial services industry.
Through a series of panel discussions, strategy workshops, and educational sessions, presenters from Finastra’s Universal Banking leadership team, senior business and technology executives from community banks and credit unions, and partners in Finastra’s growing ecosystem, covered topics related to navigating the digital era, sharing success stories, customer-centric innovation, finding growth opportunities, and the importance of thinking creatively to solve problems.
Addressing customers and partners during her opening remarks, Siobhan Byron, EVP, Universal Banking said, “Technology provides tremendous opportunities to transform lives. At Finastra, our mission is to not only help you imagine those possibilities, but to bring them to life. I encourage you all to use this conference as your chance to learn how others are re-imagining their future, and hear how we are helping with our technology, our people, and our ecosystem.”
Throughout the two-day conference, several key takeaways were highlighted, including:
- Deliver a meaningful customer experience: Howie Wu, EVP and Head of Product at Seattle Bank, and Peter Longo, Vice President, Product Management at Finastra explained how today’s banking customers are heavily experience-focused, and that two-way engagement is critical to a successful relationship. During a panel discussion, Wu and Longo stressed the importance of simplifying the customer journey and that the key to unlocking innovation is to simply solve common problems.
- Data is valuable, but use it wisely: Extracting and utilizing data in an intelligent way can be challenging. To unlock its potential, start small and find the right talent to help interpret the data. Wu noted that starting with one piece of data is key, using credit card transactions as an example. He explained how much can be learned about a customer’s goals and financial journey by analyzing spending patterns.
- Combining technology and people to make an impact in the moments that matter: David McCoy, President and CEO at First National Bank and Trust of Beloit, Johnny Brooks, CEO at Citizens State Bank, and Kendell Lewis, EVP Chief Technology & Innovation Officer at United Bank, noted how crucial it is to simply ask customers what they want and to not make assumptions. By actively surveying customers, financial institutions can ensure they are investing in the right technological solutions to meet the needs of their communities. By listening to and understanding common themes that exist amongst customers, industry leaders have an opportunity to make sound investments in technology.
- Succession planning for customers: As customers age, financial institutions must create strategies to retain these loyal account holders while also serving the needs of emerging generations. During executive breakout sessions, Johnny Brooks and other industry leaders brainstormed various approaches for using technology to bridge this gap, noting how customer needs are always evolving no matter the generation.
- Agile and adaptable core technology is more important than ever: With technology advancing so quickly, banking leaders discussed how being locked into a core system that cannot evolve to meet customer expectations can create major challenges, highlighting the importance of cloud-based, agile core systems. Participants emphasized how solutions featuring open APIs allow financial institutions to seamlessly integrate new services into their overall service offerings.
Closing out the two-day event, Finastra showcased its commitment to Environmental, Social, and Governance (ESG) values with a volunteer activity alongside the nonprofit organization A Gift for Teaching, benefitting the Foundation for Orange County Public Schools. Ignite! attendees worked together to assemble backpacks filled with supplies for 900 children attending public schools in Florida’s Orange and Osceola counties. Reflecting Finastra’s value of doing well by doing good and being a responsible community partner, the activity aimed to inspire attendees to bring the concept of ESG back to their workplaces and local communities.
“Cooperation, teamwork and shared experiences are among the key differentiators community banks and credit unions use to deliver outstanding products and services to their customers,” said Byron. “Over the past two days, during panel discussions, roundtables and brainstorming sessions, we’ve seen that community spirit in action. I look forward to continuing these incredible conversations and I am tremendously excited to see what we will achieve by working together.”
About Finastra
Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by over 8,000 institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-p2p-unlocks-20-000-usdt-prize-pools-for-select-users-in-south-asia-and-africa-302337255.html
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