METACO | May 27, 2022
LevelField Financial, the premier U.S. financial services firm uniting digital assets and traditional banking services in one trusted platform has selected METACO, the market-leading provider of digital asset custody orchestration technology to complex, global financial institutions. LevelField is deploying its institutional digital asset management operations on IBM Cloud in order to leverage the confidential computing capabilities of IBM's digital asset infrastructure.
Founded by banking executives with decades of global experience, LevelField is in the process of acquiring a federally chartered bank in the United States. To launch its digital asset offering, LevelField will use METACO's digital asset custody and orchestration platform, Harmonize, helping enable clients to securely store, trade, and settle digital assets. Harmonize was built in partnership with Tier 1 banks and offers the highest standards of security and compliance for LevelField to operate in the digital assets sector. This foundational infrastructure provides LevelField with the option to further expand its digital asset offering in the future, in a highly-scalable and efficient manner.
LevelField will deploy Harmonize, which is supported by IBM Cloud Hyper Protect Services¹. This setup will allow LevelField to scale to millions of wallets, while maintaining control over private keys for risk management. IBM's Digital Asset Infrastructure is designed to help custodians achieve greater results when using METACO's Harmonize platform, including enhanced scalability, security, and compliance.
IBM Cloud Hyper Protect Crypto Services is designed to enable METACO Vaults to store encrypted keys externally in a database while affording the protections of IBM's FIPS 140-2 Level 4 rated hardware security modules (HSM). With external storage of keys enabled by IBM's master encryption key technology, custodians can scale to billions of wallets. The sensitive processing on METACO Harmonize is secured by IBM Cloud Hyper Protect Virtual Servers hardware-based, Common Criteria-certified isolation. IBM Cloud Hyper Protect Secure Build Server is designed to reduce risks of malicious code insertion during Harmonize deployments and address unauthorized rule manipulation by working to make policies on the platform tamper proof. Irrespective of how Harmonize is consumed, custodians retain physical control of the root of trust of the assets and the policies that govern management of the assets, through the IBM HSM Smartcards.
We're pleased to support LevelField in realizing its vision of uniting digital assets with traditional finance to create the most trusted banking platform of the future. Harmonize provides bank-grade security and compliance for the custody and management of digital assets, as well as the agility for innovative firms like LevelField to go-to-market and scale quickly. With a flexible governance policy framework that can be applied to any type of digital asset transaction, a no-single-point-of-failure model, and the optionality to expand and offer any type of digital asset services, Harmonize provides a highly secure and flexible foundation for LevelField to manage its digital asset operations, both today and well into the future."
Seamus Donoghue, VP of Strategic Alliances at METACO.
Established in Houston in 2018, and currently pending a banking charter, LevelField aims to blend digital banking, securities, and digital assets to provide a comprehensive banking service for the digital economy. The firm is building a customer- focused financial services platform for digital and traditional assets that leverages the strengths of the U.S. banking system, is built on a solid foundation of regulatory compliance, and draws on its management team's expertise across traditional banking.
LevelField is comprised of career bankers who deeply understand the importance of compliance and security. We searched for the platform that would enable us to meet our rigorous standards for security and compliance, while also giving us the flexibility to grow our digital asset business in any direction. METACO's Harmonize orchestration platform, supported by IBM Cloud Hyper Protect Services, is the ideal solution and something which may become the gold-standard in the industry. This infrastructure enables us to demonstrate our compliance and the highest levels of security no matter what area of digital assets we expand into."
Michael Clayton, CTO, LevelField.
Founded in 2015 in Switzerland, METACO is a technology company whose mission is to enable financial and non-financial institutions to securely manage their digital asset business and capitalize on the burgeoning digital asset economy.
The company's core product, Harmonize, is an orchestration system for digital assets. From cryptocurrency custody and trading to tokenization, staking, and smart contract management, the platform seamlessly connects institutions to the new world of decentralized finance (DeFi).
XTM | August 12, 2022
XTM, Inc. a Miami and Toronto-based Fintech company in the neo-banking space, providing mobile banking and payment solutions around the world, is pleased to announce the release of a Tip Pool and Tip Share software product that accepts data sets from any time and attendance or POS platform. This feature allows restaurant owners and operators to leverage our Tip Pool/Share without an integration and be operative within a few hours of sign-up.
The Tip Pool solution collects tips received by employees into a pool, and then automates the calculation and distributes on an organization-determined points basis to staff. The XTM Tip Share product automates the calculation and sharing of tips to other employees based on a percentage of net sales, saving operators time and money as well as providing staff with full transparency of the process.
“The technology-agnostic premise upon which our Tip Pool and Tip Share solutions pull data is a significant and strategic innovation for our Engineering team, It aligns with our product road-map to provide enterprise solutions for all hospitality businesses large and small, regardless of their current product stack.”
-Chad Arthur, CTO, XTM
Proper Tip allocation is critical to operators and staff; if not done correctly it can be a highly litigious function within hospitality organizations, This product is a true reflection of our commitment to provide the hospitality industry with products and solutions to make their businesses more efficient and profitable,said Marilyn Schaffer, CEO, XTM.
XTM, is a Miami and Toronto-based fintech innovator in the neo-banking space, helping businesses and service workers in the hospitality and personal care space disseminate and access earned wages and gratuities. XTM's Today™ Solution, comprised of a free mobile app and a Visa or Mastercard debit card with free banking features, is used by thousands of restaurants, salons and staff across Canada and the United States. XTM is a global card issuer and real-time payment specialist. Our technology is used by Restaurants, Salons and service staff at no charge to automate and expedite Earned Wage and Gratuity Access, increasing time and attendance and eliminating cash from ecosystems. XTM's Today solution drives operational efficiencies and delivers a bespoke user experience designed specifically for service workers.
Sphere | May 21, 2022
Sphere, a leading provider of end-to-end integrated healthcare payments and security software, today announced that it has launched a new payment solution for Independent Software Vendor (ISVs) that features integration with PAX terminals. PAX is the world's preferred payment terminal solutions provider and has delivered over 60 million terminals to more than 120 countries across the globe.
The new solution enables ISVs to integrate their core Software-as-a-Service (SaaS) products with a secure cloud-based payment solution that accepts payments on PAX terminals for a wide range of payment methods and industry standards including Europay, MasterCard and Visa, (EMV), Near-Field Communications (NFC), Google Pay, and Apple Pay. This semi-integrated solution allows software vendors to integrate payments through a pre-certified, pre-integrated device that communicates directly with the gateway. Benefits include:
Reduced development costs
Easily add EMV, NFC without complex certifications
Faster time to market
Payment card industry security standards scope reduction
We are extremely excited to bring a solution to market that solves all of the challenges that ISV providers face when trying to enhance their core product to accept EMV, NFC, Apple Pay, and Google Pay transactions, With a simple integration, plug-and-play customer implementation, reducing PCI PA-DSS scope, all through a single application programming interface integration that works harmoniously with our eCommerce solutions, this is truly a significant evolutionary step in payments that will benefit any ISV provider."
Curtis Bauer, Chief Innovation Officer, Sphere.
Sphere provides an end-to-end payments platform that provides software vendors with broad payment acceptance functionality, merchant services, elite-level security, and expert support throughout the payments lifecycle. PAX terminals feature modern, intuitive design, as well as a developer-friendly Android-based system that allows for rapid, simple integration and implementation.
SaaS providers need a simple, convenient method of integrating payment-acceptance functionality into their core offerings, Through PAX's partnership with Sphere, ISVs now have a cloud-based option to accept payments via the industry's widest portfolio of innovative and secure payment devices."
Heather Mlachnik, Senior Vice President of Acquiring and ISO Sales, PAX.
Sphere is a cloud-based, vertically integrated software and payments technology company serving a variety of complex end markets with an established market leading presence in the healthcare and non-profit sectors. Sphere was formed in 2017 after a few strategic acquisitions, and today offers benefits to our partners and customers via three key sub-brand companies that have been established for over 20 years.
Sphere is trusted by more than a third of the 100 largest health systems in the US and thousands of independent medical providers across the country to facilitate and drive secure payments by having our software solutions highly integrated into our clients' workflows, patient billing systems, and electronic health records. Our integrated software and payments suite helps organizations increase payment collection while delivering best in class security, compliance instruments, and a single payment stack standardized for reporting and reconciliation. Sphere also provides fundraising software solutions and tools to 8,000 nonprofits in the US and Canada and maintains key integrations in high growth verticals like insurance, parking and transportation.
PAX Technology, Inc. is one of the largest electronic payment solution providers in the world, supplying value-added payment solutions since 2001. As a leading global manufacturer of payment solutions, we are committed to delivering innovative, high-quality, and secure payment solutions to businesses, large and small, worldwide, with payment terminals built on security and optimized for performance.
ADLINK | June 01, 2022
ZettaScale Technologies today announced that it has raised a strategic investment from TTTech Auto. The investment marks the start of a strategic partnership between the two companies that will result in the creation of the first European implementation of Data Distribution Service (OMG DDS) that is certified for use in series cars, and enables ZettaScale to expand its market coverage from robotics and mission critical middleware to the automotive market.
We have been seeing convergence across industries including the internet of things, robotics, AI and autonomous vehicles for some time, but developers need new tools to be able to integrate these technological advances into real world systems, TTTech Auto brings an intense focus on safety and security and is the ideal partner to bring ZettaScale's middleware products to the automotive market."
Angelo Corsaro, CEO of ZettaScale.
The partnership will result in the creation of Motionwise Cyclone DDS, combining TTTech Auto's Motionwise software and Time Sensitive Networking (TSN) technologies with ZettaScale's open-source Cyclone DDS. The product will be safety-certified under ISO 26262, and be made available for automotive and non-automotive applications, including those that are a part of ZettaScale's existing robotics and mission critical markets.
System-wide safety is one of the biggest challenges for highly automated driving, MotionWise Cyclone DDS will help car manufacturers to reduce time-to-value while guaranteeing the overall system safety and providing excellent UX, flexibility, security and E2E vehicle properties. Together with ZettaScale, we will develop the next industry standard for safety and reliability in the rapidly evolving field of autonomous driving. Standards and open-source technology are the cornerstones of safety and performance."
Friedhelm Pickhard, Chief Growth Officer of TTTech Auto.
The story of ZettaScale's origins in the ADLINK Advanced Technology Office embodies the spirit of innovation inside ADLINK, We are excited to see Dr. Angelo Corsaro lead ZettaScale over this next phase of growth and look forward to technologies originally developed within ADLINK becoming foundational in multiple domains as edge computing proliferates."
Jim Liu, CEO of ADLINK.
About TTTech Auto
TTTech Auto provides solutions for the challenges of future vehicle generations. The company specializes in safe software and hardware platforms for automated driving and beyond, applicable in series production programs. With its leading technology solutions, TTTech Auto ensures safety and electronic robustness for a more automated world.
TTTech Auto was founded in 2018 by TTTech Group and technology leaders Audi, Infineon and Samsung to build a global, safe vehicle software platform for automated and autonomous driving. In 2022, the company raised USD 285 million (EUR 250 million) from Aptiv and Audi in its latest funding round. At TTTech Auto's headquarters in Vienna, Austria, and in more than 10 locations across Europe, the U.S.A. and Asia, 1,200 employees work with leading car manufacturers on their software-defined vehicle, ADAS and autonomous driving programs.
ADLINK Technology Inc. (TAIEX:6166) leads edge computing, the catalyst for a world powered by artificial intelligence. ADLINK manufactures edge hardware and develops edge software for embedded, distributed and intelligent computing – from powering medical PCs in the intensive care unit to building the world's first high-speed autonomous race car – more than 1600 customers around the world trust ADLINK for mission-critical success. ADLINK holds top-tier edge partnerships with Intel, NVIDIA, AWS and SAS, and also participates on the Intel Board of Advisors, ROS 2 Technical Steering Committee and Autoware Foundation Board. ADLINK contributes to open source, robotics, autonomous, IoT and 5G standards initiatives across 24+ consortiums, driving innovation in manufacturing, telecommunications, healthcare, energy, defense, transportation and infotainment.