BITCOIN AND CRYPTO

Okcoin to Promote Women into Crypto with its $1M Initiative

Okcoin | March 09, 2022

Okcoin_to_Promote
Okcoin has announced that it will promote its grand program for bringing more women into crypto: Bitcoin for Fairness and Ladies in Bitcoins. Okcoin has outlined cryptocurrency as more inclusive for building, learning, and connecting. It will span blockchain development, education, career mentorship, and more. As a part of this initiative, Okcoin has also partnered with Emmy-winning journalist Natalie Brunell host of the top-ranking "Coin Stories" podcast, and Randi Zuckerberg, inaugural brand advisor of the company.

As more than 40% of Okcoin's customers are female, it wants to lessen the gender gap that outweighs traditional investments such as mutual funds, stocks, and bonds. Therefore, to address this, Okcoin has recently set a goal of having a 50% female customer base by 2025. In addition, it has allocated $1 million in terms of diversity-oriented grants.

Web3 is still young enough for women to get involved at the ground level and lead the next generation of innovation, which will be defined by digital assets, decentralized finance, and NFTs. We're excited to support Bitcoin for Fairness and Ladies in Bitcoin in making this possible. Crypto adoption may be lower among women right now, but with education, career resources, and community support, we can change this."

Hong Fang, CEO of Okcoin.

Okcoin also mentions that members of underrepresented populations can apply at okcoin.com/cryptoforall to support crypto-oriented work. Up until now, Okcoin has granted over $1 million to Bitcoin Core developers, who volunteer to build Bitcoin blockchain for anyone.

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CORE BANKING,FINTECH

Bond Introduces White Label Commercial Charge Card Solution

Bond | September 09, 2022

Bond Financial Technologies Inc., the leading embedded finance platform, today unveiled the industry's first white label solution that allows B2B SaaS platform providers to launch their own commercial charge cards without writing a single line of code. With a fully featured, branded platform including built-in compliance and requiring minimal engineering effort, SaaS companies can unlock new revenue streams, build brand loyalty, and meet their customers' needs by offering better and more relevant financial products. Total volume of payments made with a commercial card is expected to reach $1 trillion by 2024 as businesses modernize away from check payments. Leading this growth is the use of on-demand virtual cards over paper checks as it helps companies reduce manual or paper-based processes, reduces their costs, generates a new revenue stream, and has built-in protections against fraud and misuse. Bond's new White Label solution makes it effortless for B2B SaaS platforms to launch commercial card programs and tap into this growing market across multiple verticals that include: Expense & spend management: More and more finance departments are turning to platforms to control business spending and reporting while automating manual processes. Now, any SaaS platform focused on managing expenses and spend, can issue its own branded cards – like Brex, Ramp and Airbase – either directly to its customers' employees or for specific purposes, enhance those cards with custom spend limits, and integrate the rich transaction data into reports and insights in a matter of weeks not months. Since launching its commercial charge card program with Bond, Cledara has helped its customers to manage SaaS spending across thousands of vendors and rapidly scaled its subscription and interchange revenue. Service management: Home and property repair services have increased their addressable audiences by turning to service management platforms to manage scheduling, billing, customer acquisition, and other tasks so technicians can focus on their service jobs. Now, field service management platforms such as ServiceTitan, Jobber, or HouseCall Pro can issue one-time use or recurring cards to technicians on the ground for a specific job, property, or service area that reduces manual paperwork and reconciliation. Other SaaS platforms: Commercial charge card use cases are relevant across many other SaaS platforms. Fleet and logistics platforms can better manage spend and reporting; bookkeeping and tax platforms can further reduce manual processing; and treasury management platforms can build tools on top of high-fidelity transaction data. These solutions uniquely create more integrated, value-added experiences for customers of SaaS platforms, unlock a new revenue stream from interchange revenue, increase customer loyalty and brand equity, and provide access to greater insights from spend data, which can enhance the platforms' core products and increase customer acquisition efficiency. "Our customers kept telling us that they wanted to launch a commercial charge card product, but they just didn't have the engineering resources allocated to their roadmaps to execute on the product offering, Bond listened, and we're proud to be the only fintech infrastructure platform that allows brands to launch a B2B charge card product without the need to write a single line of code. Bond White Label enables companies to go to market with complete trust in a fully functioning and compliant financial product." -Roy Ng, CEO and co-founder Until now, if a company wanted to offer a branded charge card, it would have meant a long and painful process: establishing relationships with card issuers, manufacturers, banks, and card networks, then building complex technical integrations with each. Bond has drastically simplified this process. When a company partners with Bond, it benefits from pre-existing partnerships and integrations; with one single agreement it can launch a card by working just with Bond's APIs. Bond White Label pushes this concept even further, eliminating the need for an API integration. Now, a company can go live without writing a single line of code. Bond's White Label product is the only full no-code commercial credit card solution. Complete with compliance, underwriting, and financing, Bond White Label provides a one-stop solution right out of the box that gets companies to market fast and with complete confidence in their credit capabilities on Bond. About Bond Bond enables any company to become a fintech. Through Bond's full-stack embedded finance platform, customers can offer personalized and compliant financial products to their end users, including high-value-add products such as consumer and commercial charge cards. Bond was founded in 2019 by industry veterans from Blackrock, Goldman Sachs, SAP, SoFi, and Twilio, with deep roots in financial services, technology and enterprise software. Bond is a remote-first company, with office locations in San Francisco, New York City and Salt Lake City.

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FINTECH

Pyramid Federal Credit Union Partners with Asa to Modernize the Member Experience

Asa | July 27, 2022

Asa connects financial institutions with customer-facing fintechs in a secure, compliant and easy to implement marketplace. The company today announced that Tucson, Ariz-based Pyramid Federal Credit Union has selected the Asa platform, embracing collaborative banking to quickly introduce new technologies. Pyramid FCU will connect to a community of fintechs via Asa’s digital rails, allowing the credit union to instantly deliver new innovations and capabilities for members in a secure, safe way. All member data is tokenized, normalized and anonymized before it’s shared with any fintechs, eliminating liability and risk. With Asa, Pyramid FCU will be able to personalize the member experience at scale. “As a community institution, it can be challenging to keep up with the rapid rate that technology and member expectations change,” said Ray Lancaster, CEO of Pyramid FCU. “As a community institution, it can be challenging to keep up with the rapid rate that technology and member expectations change,” said Ray Lancaster, CEO of Pyramid FCU. “Asa and the collaborative banking model help solve for this pain point, providing members with fast and easy access to the apps and tools they want to try, all without having to share any sensitive information. This allows us to nimbly innovate without being bogged down with cumbersome one-to-one vendor due diligence, carving out a strong competitive advantage.” By creating a trusted, closed ecosystem in which financial institutions and fintechs benefit from one another, Asa is enabling banks and credit unions to innovate, fintechs to scale and consumers to take control of their data and finances. With Asa, Pyramid FCU’s members will have the benefit of both the latest modern technology and the credit union they know and trust. “Leaders like Pyramid FCU understand the importance of delivering the new technologies and tools members want, backed by the local, personal service they crave,” said Landon Glenn, CEO and founder of Asa. “By embracing the collaborative banking model, Pyramid FCU is improving the member experience and empowering them with unprecedented choice, all while removing much of the liability and risk that has traditionally hindered credit union-fintech partnerships.” About Asa Provo, Utah-based Asa connects financial institutions with customer-facing fintechs in a secure, compliant and easy to implement marketplace. With Asa, banks and credit unions are innovating more quickly, fintechs are scaling more easily and end users are empowered to take control of their data and finances. Learn more at asa.financial.

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CORE BANKING,PAYMENTS

Bank of America's CashPro® Modernizes the Sign-In Experience With Biometrics

Bank of America | September 27, 2022

Bank of America today announced the launch of QR sign-in for CashPro, a development that makes it easier for companies to access their payments, cash management and trade finance operations. The bank's 500,000 CashPro users now have the option to sign into the website using their mobile device by scanning a QR code and their biometrics via the CashPro App, replacing the need to manually enter password credentials. "QR sign-in is a technology that's familiar to our clients from their personal lives, and now they can use it to seamlessly access CashPro, The technology kicks off a schedule of enhancements we plan to introduce to CashPro over the next 18 months that will further improve the simplicity and security of our award-winning platform." -Tom Durkin, global product head for CashPro Platform in Global Transaction Services Mobile authentication is a natural extension of the ubiquitous worldwide adoption of mobile devices and the increasing comfort clients have in using them for business purposes. QR sign-in is powered by patented technology that allows a mobile device to be used as a method for computer authentication. It is the first of a series of enhancements for CashPro aimed at reducing the reliance on traditional forms of user credentials and making the user experience simpler and more secure. Bank of America listens carefully to its client users through the CashPro Client Advisory Boards that represent companies of varying size and complexity as the bank designs and implements new security and innovation features. The CashPro Advisory Boards generate invaluable dialogue that help ensure the enhancements we make to the platform fuel our clients' own growth objectives, QR sign-in is the latest example of the collaboration achieved through the Advisory Boards,said Ken Ullmann, co-head of GTS for Global Commercial Banking at Bank of America. Bank of America has been named the World's Best Bank for Payments and Treasury by Euromoney magazine for the past two years. Additionally, CashPro and the CashPro App consistently receive third party recognition such as: Celent Model Bank 2022 Award for Corporate Digital Banking, Celent Best Mobile Cash Management Software, Best Treasury and Cash Management Providers 2022: Systems and Services, Global Finance magazine Best Mobile Technology Solution, Technology & Innovation Awards 2021, Treasury Management International (TMI) CashPro Forecasting named Best Cash Management Project for 2022, The Asian Banker Bank of America Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 4,000 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 55 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange. Bank of America is the marketing name used by certain Global Banking and Global Markets businesses of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. © 2022 Bank of America Corporation. All rights reserved.

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