Latest news with #Metallicus
Yahoo
28-05-2025
- Business
- Yahoo
Credit Unions Embrace Blockchain to Leverage the Future of Trustworthy Financial Services
SEATTLE, May 28, 2025 /PRNewswire/ -- In a bold step toward modernizing financial services, credit unions are exploring blockchain technology to deliver faster payments, stronger fraud protection, and smarter digital tools, all while staying true to their mission of people-first financial services. As the financial landscape evolves, credit unions are proving they're not just keeping up; they're leading the way. By embracing blockchain, they're building a future where everyday banking is faster, safer, and more accessible, especially for the communities they've always served. Through a new partnership between Metallicus, the developer of Metal Blockchain, and GoWest Solutions, credit unions across the west are gaining access to an Innovation Program that empowers them to test and implement blockchain-powered solutions built for the real world. The Metal Blockchain Innovation Program provides a secure, compliance-first infrastructure to help credit unions explore and implement blockchain technologies across key strategic use cases, including: Metal Pay for Credit Unions – A white-labeled Crypto-as-a-Service wallet solution using tokenization and stablecoins to enable compliant digital payments and asset custody. Metal Identity – A digital identity solution offering secure member authentication through verifiable credentials and Single Sign-On (SSO). Next-Gen Fraud Prevention and Risk Mitigation – Tools utilizing private blockchain subnets and advanced access controls to help institutions identify, report, and reduce fraud. "Credit unions have always led with trust, purpose, and technology, and now they can leverage that even further to strengthen their leadership," said Troy Stang, President and CEO of GoWest Credit Union Association. "Through this partnership with Metallicus, credit unions will shape the future of financial services by exploring breakthrough innovations like blockchain, stablecoins, and digital identity in ways that are secure, compliant, and deeply rooted in the needs of their members. This is about building what's next, together." Cameron Smith, Chief Growth Officer for GoWest added, "At GoWest Solutions, we believe the future of financial services will be built through collaboration and bold innovation. This partnership with Metallicus opens the door to cutting-edge blockchain solutions that credit unions can shape together, and creating smarter, safer, and more agile ways to serve their members in a rapidly evolving financial landscape." Credit unions participating in the program will help shape these technologies from the ground up, ensuring they're practical, secure, and designed with everyday people in mind. For more than a century, credit unions have delivered trust, community, and service. Now, with blockchain innovation, they're preparing to deliver that same promise — faster, safer, and more powerfully than ever before. "GoWest represents a powerful network of credit unions who are ready to lead the next wave of financial innovation," said Frank Mazza, Director of Blockchain for Institutions and Fintechs at Metallicus. "We're thrilled to partner with them and make blockchain real, relevant, and accessible for credit unions." Through this partnership, the Innovation Program is now available at no cost to all GoWest member credit unions. To learn more or to join the program, GoWest member credit unions can visit: About GoWest Solutions GoWest Solutions is dedicated to connecting credit unions in Arizona, Colorado, Idaho, Oregon, Washington, and Wyoming with innovative, high-impact business partners to lead the future of financial services. The Solutions mission is to create value across the credit union ecosystem by offering access to cutting-edge fintechs, trusted partners, and proven technologies that enhance efficiency, reduce costs, and help credit unions better serve their members. GoWest Solutions empowers nearly 300 credit unions to stay ahead of industry trends and deliver meaningful member experiences. Learn more at About Metallicus Metallicus is a leader in blockchain technology for financial institutions and the core developer of The Digital Banking Network (TDBN), an open-source blockchain banking protocol with built-in Digital Identity (DID) and stablecoin integration for secure, compliant global transactions. Additionally, our suite of blockchain-based financial tools provides institutions and developers with digital wallets, and white-labeled crypto offerings. Our CUSO division provides credit unions with blockchain infrastructure for real-time settlement, automated compliance, and improved member services. Learn more at Contact: Madlynn Schreibvogel, Vice President, Public Relations303.513.3765madlynns@ View original content to download multimedia: SOURCE GoWest Credit Union Association Sign in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
Metallicus, Payfinia offer crypto service access to US credit unions
Payfinia and Metallicus have joined forces to provide a framework for embedded instant payments and cryptocurrency services to credit union members across the US. Metallicus, a blockchain technology specialist, offers Metal Pay, a consumer-facing crypto trading app, and a supporting API for fiat-to-crypto transactions for financial institutions. The alliance sees Payfinia become a preferred API for Metallicus and payment services partner for its Metal Pay offering. This integration supports the embedding of instant money movement and crypto services into online and mobile banking platforms. As a result, credit union members can purchase and sell cryptocurrency, transition between fiat and crypto, and securely manage their digital assets within the same environment as their traditional banking accounts. The collaboration extends with Payfinia slated to join the Metal Blockchain Banking Innovation Programme, spearheaded by Metallicus, to help financial institutions harness the potential of blockchain technology. Metallicus director of blockchain for institutions and fintechs Frank Mazza said: 'This partnership solidifies Metallicus' commitment to delivering compliant blockchain and cryptocurrency infrastructure and innovative money movement solutions for financial institutions. 'By joining forces with Payfinia as one of our preferred API payment services partners, we ensure credit unions have access to secure, regulatory-compliant crypto solutions that meet the evolving needs of their members while maintaining industry competitiveness.' Payfinia CUSO general manager Keith Riddle said: "We are thrilled to be at the forefront of unique partnerships, as Payfinia's secure instant payments framework creates a bridge between standard monetary systems and an emerging digital asset framework managed by Metallicus. 'We look forward to collaborating with the Banking Innovation Program participants to accelerate additional use cases that would be enabled through the integration of Payfinia's Instant Payment Xchange (IPX) platform capabilities and the Metallicus MetalPay API-based framework.' In December 2024, Metallicus acquired FinTech Bonifii, a CUSO formerly known as 'CULedger'. The two entities are set to establish a new CUSO, enabling credit unions to leverage blockchain-based products through The Digital Banking Network (TDBN), an open-source blockchain banking protocol developed by Metallicus. "Metallicus, Payfinia offer crypto service access to US credit unions" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
