Blockchain
Metallicus and Bonifii Partner to Revolutionize Blockchain in Financial Services
Metallicus, the primary developer of Metal Blockchain, has announced that Bonifii has joined its Banking Innovation Program. This partnership marks a significant advancement and evolution of blockchain solutions initially explored by CULedger, now known as Bonifii, and underscores their continued commitment to leveraging blockchain technology to enhance financial services.
A Strategic Partnership for Innovation
Marshall Hayner, CEO of Metallicus, emphasized that this collaboration represents a significant step forward for both organizations. By working together, they aim to build on the innovative groundwork established by CULedger and further develop advanced blockchain applications tailored specifically for the financial sector. Bonifii’s commitment to utilizing blockchain technology aligns seamlessly with Metallicus’ mission to deliver secure, efficient, and scalable solutions to the market. The collaboration involves working with former CU Ledger credit union partners and utilizing Metal Blockchain technology to implement these innovative use cases, setting new standards in the financial sector. The primary goals include enhancing security, transparency, and the overall user experience for all stakeholders involved.
Bonifii’s Perspective
John Ainsworth, President and CEO of Bonifii, expressed that joining the Metal Blockchain Banking Innovation Program marks a pivotal step forward in their mission to employ cutting-edge technology to enhance financial services and protect their members from financial fraud.
Banking Innovation Program: A Gateway to Blockchain Integration
The Metal Blockchain Banking Innovation Program is designed to enable institutions like Bonifii to adopt customized blockchain solutions while ensuring compliance with regulatory standards and addressing operational demands. The program leverages Metallicus’ unparalleled expertise and the insights of a distinguished advisory board, offering innovation workshops, fintech partnerships, R&D grants, and bespoke development opportunities. This initiative positions participating institutions to lead within the dynamic financial sector.
The Banking Innovation Program supports financial institutions’ transition into blockchain technology at no cost. It focuses on addressing use cases related to Digital Identity, Single Sign-On (SSO), Private Subnets, and Tokenization of Assets. By participating, institutions are equipped with the necessary tools and resources to drive profitability, lower costs, reduce risks, and deliver superior customer experiences.
Pioneering a New Era in Financial Technology
The collaboration between Metallicus and Bonifii is expected to bring significant benefits to the financial sector. By integrating Metal Blockchain technology, the partnership aims to provide secure and efficient blockchain applications that enhance financial services. The focus on advanced applications like Digital Identity and Tokenization of Assets highlights the forward-thinking approach of both organizations.
This strategic alliance not only builds on the innovative foundation laid by CULedger but also aims to establish new benchmarks in the financial industry. The combination of Metallicus’ technological expertise and Bonifii’s dedication to leveraging blockchain technology is poised to deliver substantial improvements in security, transparency, and user experience.
The partnership between Metallicus and Bonifii represents a critical advancement in the application of blockchain technology within the financial sector. By joining forces, the two organizations aim to set new standards for security, transparency, and user experience, driving the development of innovative blockchain solutions. The Metal Blockchain Banking Innovation Program serves as a gateway for financial institutions to seamlessly integrate customized blockchain solutions, ensuring compliance and operational efficiency. This collaboration marks a significant step towards revolutionizing financial services through cutting-edge technology, ultimately benefiting all stakeholders involved.
Source: cointrust.com
The post Metallicus and Bonifii Partner to Revolutionize Blockchain in Financial Services appeared first on HIPTHER Alerts.
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
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