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Finastra to launch FusionONE Hackathon with Microsoft Azure
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Finastra today announced the first public hackathon on its FusionFabric.cloud open development platform, underpinned by Microsoft Azure. The FusionONE Hackathon will take place over the weekend of May 17-19 in London. Teams from banks, Fintechs, integrators and independent developers are invited to join the event and create innovations grounded in Open Banking. Mentors from Microsoft, Accenture and VC INNOVATIONS (the company behind FinTECHTalents) will be on site to support the participating teams and will be part of the judging panel to select the winners.
Teams will be granted access to Finastra’s Open APIs – providing a window to Finastra’s core solutions, and allowing them to build new capabilities on top of trusted systems already in use at hundreds of banks globally. Using FusionFabric.cloud’s rapid development environment and integrated API management tools, teams are invited to create new solutions in one of five challenges:
- Engagement – apps for the next generation of financial services customers
- Machine learning insights – apps to better serve customer needs
- Data visualization – displaying results, recommendations and learning intuitively
- Inclusion – building a more inclusive financial ecosystem for customers
- Sustainable finance – promoting financial well-being
Once fully tested, successful apps will be made available to banks through Finastra’s FusionStore – an online marketplace for banks to search for and consume applications.
“The FusionONE Hackathon will encourage teams to collaborate and co-innovate in building the next generation of financial applications – with a particular focus on areas that will make a real difference to people’s lives, such as customer engagement, financial inclusion and sustainable finance,” said Eli Rosner, Chief Product and Technology Officer, Finastra. “Running the event over 48 hours reflects how a platform-based approach can accelerate innovation in financial services and allow banks to rapidly deliver new products and services that evolve in line with changing customer needs.”
Eric Boyd, CVP, Azure AI, Microsoft, said, “With initiatives such as Open Banking and PSD2 spurring increased competition and innovation in financial services, this hackathon gives participating teams a fantastic opportunity to showcase their ideas and build prototypes. The use of APIs and cloud platforms is crucial in changing the way banks deploy new applications and engage with a new generation of developers that can help them innovate from the outside-in.”
Gareth Wilson, global Payments lead for Accenture, said, “We are thrilled to be working with Finastra to bring together the industry and ensure technology is at the heart of change in financial services. Open Banking is still at the start of its revolution, and it’s vital we keep building an ecosystem of partners to transform the banking landscape for consumers. We are delighted to be supporting FusionONE and look forward to seeing the next generation of ideas come to life.”
The FusionONE Hackathon is a pre-cursor to the FusionONE open API developer conference, May 21-22 in London – four of the best apps at the hackathon will then pitch live on stage at FusionONE for the crown.
See further information about the #FusionONEhack or the FusionONE conference here https://www.finastra.com/fusionone/hackathon.
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VANCOUVER, BC, May 21, 2024 /PRNewswire/ — StickIt Technologies Inc. (the “Company” or “StickIt”) (CSE: STKT), an Israeli technology and cannabinoid company, today announced an unsecured convertible debenture placement.
The $10,000 unsecured convertible debenture from StickIt, which matures on April 18, 2025, carries a 5% interest rate per annum and is payable at the end of the term. The convertible debenture can be automatically converted into Common Shares at a conversion price of $0.35 per Common Share at the election of the debenture holder.
The funds will be invested in Ripco Processing Inc., a cannabis processing and research and development facility located in Calgary, Alberta. Ripco, which has a team of experienced cannabis pioneers, focuses on creating unique, desirable cannabinoid-based products for recreational and medical use.
“Ripco is pleased to be working with Stickit in Canada. This relationship gets the amazing Stickit products into the Canadian market quickly, feeding directly into our existing distributions channels for immediate sales.”, says Ripco.
“Stickit, as an innovator in cannabis technologies, knows that its success in Canada in directly tied to the success of Ripco’s Stickit launch. We are happy to help our licensees achieve success with our products and we know Ripco does great work.”, said Eli Ben Haroosh, CEO of Stickit Technologies.
About StickIt Technologies Inc.
StickIt is a technology company that invented and manufactures innovative products (“devices”) that can contain varying quantities of CBD/THC for recreational and medical cannabis users. Its operating model is to establish joint ventures/licensees (“partners”) in countries around the world that will establish a production facility in which they will add the cannabinoid content to the “sticks” and “straws” produced and supplied by StickIt. The Company’s precise dosing options cater to a wide range of effects, including painkilling, energizing, focus, sleep improvement, etc., and can be tailored to meet local preferences and regulations. StickIt Technologies serves customers worldwide.
About Ripco Processing Inc.
Ripco, known for its innovative cannabis products, brings popular brands like Stickit and Stripit to the Canadian market. Stickit is an infused stick designed to enhance the performance of prerolls, promising to take user experiences to new levels – just Stickit!
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any forward-looking statements, other than as required by law. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by StickIt Technologies Inc. Readers are cautioned not to place undue reliance on forward-looking statements.
For more information, please contact:
StickIt Technologies Inc.
Eli Ben Haroosh, CEO
E:[email protected]
Sophie Galper , CFO
E:[email protected]
Website: www.stickit-labs.com
Facebook: @Stickit
Twitter “X”: @STICKIT74776509
LinkedIn: @Stickit-labs
Logo: https://mma.prnewswire.com/media/2258883/Stickit_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/stickit-technologies-announces-investment-into-ripco-processing-inc-302151258.html
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