Fintech PR

Finastra to launch FusionONE Hackathon with Microsoft Azure

Published

6 years ago

April 9, 2019

Newsfile

Reading Time: 2 minutes

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.

Fintech PR

Chery Targets 1 Million Sales in 2 Years with All-Terrain HIMLA Debut at Shanghai Auto Show

Published

31 minutes ago

April 24, 2025

CISION (PR Newswire)

chery-targets-1-million-sales-in-2-years-with-all-terrain-himla-debut-at-shanghai-auto-show

SHANGHAI, April 24, 2025 /PRNewswire/ — On April 23, the opening day of the Shanghai Auto Show, Chery unveiled its new global strategy under the theme “Navigating the Future,” announcing its ambition to achieve annual global sales of 1 million vehicles within two years. The brand also introduced its first-ever pickup series. To date, Chery has earned widespread recognition from nearly 3,000 dealers, prominent domestic and international media outlets, and brand users across 97 countries worldwide. Anchored in its core values of “Safe & Family-oriented,” Chery is committed to advancing hybrid technology equality and deepening localized operations, striving to become the trusted choice for family users worldwide. Through technological innovation and product lineup expansion, Chery aims to evolve into a “global technology leader.”

At the Shanghai Auto Show, Chery showcased its Chery Super Hybrid(CSH) vehicles: TIGGO7 CSH, TIGGO8 CSH, and flagship TIGGO9 CSH. The first phase of the “Endless Horizon Worry-Free Voyage” endurance challenge concluded successfully ahead of the event, with TIGGO9 CSH and ARRIZO8 CSH setting impressive records—achieving an ultra-long range of over 1,400 km and an ultra-low fuel consumption of just 4.2L per 100 km. To further reinforce its “Family-oriented” ethos, Chery will launch initiatives like “Mission Impossible” safety challenge and the “Boundless Living”, delivering exceptional mobility experiences for families across the world.

In 2024, Chery achieved global sales of 640,000 units, with TIGGO7 emerging as the top-selling A-class SUV. The brand also made a successful foray into the European market. Backed by a global R&D network—spanning 8 research centers, 10 production bases, and regional component hubs—Chery lives up to its “In somewhere, For somewhere” philosophy, tailoring solutions to local markets and solidifying its globalization strategy.

Expanding into new segments, Chery introduced its all-new pickup truck line, HIMLA, at the Shanghai Auto Show. Designed for all-terrain and multi-scenario use, the series—inspired by the Himalayas—features gasoline, diesel, and new energy powertrains, driving the pickup category toward premium, passenger-oriented transformation. This move further diversifies Chery’s global product portfolio.

Chery also showcased its advancements in AI through exhibits like the AiMOGA robot and robot dog, offering a glimpse into its vision for the future of mobility. With its family-oriented positioning, global R&D capabilities, and diversified product strategy, Chery is charting a clear path forward. This strategic launch could mark a pivotal moment in its quest to compete among the world’s top automakers.

Photo – https://mma.prnewswire.com/media/2672213/image.jpg

View original content:https://www.prnewswire.co.uk/news-releases/chery-targets-1-million-sales-in-2-years-with-all-terrain-himla-debut-at-shanghai-auto-show-302437205.html

Fintech PR

MEXC Leads Q1 Market Share Gains with Highest Growth in Both Spot and Derivatives

Published

31 minutes ago

April 24, 2025

CISION (PR Newswire)

mexc-leads-q1-market-share-gains-with-highest-growth-in-both-spot-and-derivatives

VICTORIA, Seychelles, April 24, 2025 /PRNewswire/ — While the global crypto market experienced a sharp downturn in Q1 2025, MEXC, a leading global cryptocurrency exchange, bucked the trend with significant gains in both spot and derivatives market share, according to the latest reports from TokenInsight and CoinGecko.

Market Share Growth Despite Industry Decline

According to TokenInsight’s Q1 2025 Exchange Report, MEXC was one of the few major centralized exchanges (CEXs) to grow its presence while the total market saw a 12.53% decline in trading volume, dropping to $23 trillion.

MEXC increased its market share from 12.47% to 13.06% quarter-over-quarter. On the spot market, the exchange saw the largest increase in market share among all major CEXs, growing by 1.7% — a standout performance in a quarter marked by declining investor activity.

Leading the Charge in Derivatives

MEXC’s most notable performance was in the derivatives segment, where it posted a 4.3% increase, jumping from 8.2% to 12.5% market share, according to TokenInsight. This marks the largest gain among all top 10 derivatives exchanges, as other major players struggled with declining volumes and heightened market uncertainty.

Outperforming in a Shrinking Spot Market

While CoinGecko’s report showed spot trading volumes across centralized exchanges fell by 16.3% to $5.4 trillion in Q1 2025, MEXC gained ground, outperforming most peers and reinforcing its position as one of the fastest-growing CEXs globally.

This performance came at a time when high-risk assets lost investor favor and speculative trading declined sharply. MEXC’s consistent growth highlights its reputation for reliability, market responsiveness, and user-focused innovation.

Exchange Stability Amid Market Turmoil

Following major security incidents in Q1, traders increasingly migrated toward secure, stable platforms. MEXC capitalized on this trend, with both trading volume and user adoption increasing as confidence in competitor platforms waned.

Looking Ahead: Innovation & Resilience

With geopolitical tensions and regulatory changes continuing to influence global markets, MEXC remains committed to expanding its DeFi product suite, embracing regulatory clarity, and delivering early access to emerging trends and tokens. Its unique approach to agile listings and risk-managed derivatives makes it a standout performer in a maturing exchange landscape.

About MEXC

Founded in 2018, MEXC is dedicated to being “Your Easiest Way to Crypto.” Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 36 million users across 170+ countries. With a focus on accessibility and efficiency, our advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets.

For more information, visit: MEXC Website | X | Telegram | How to Sign Up on MEXC

Photo – https://mma.prnewswire.com/media/2672323/MEXC.jpg
Photo – https://mma.prnewswire.com/media/2672324/download_image_2.jpg
Photo – https://mma.prnewswire.com/media/2672325/Crypto_Exchange_Market_Share.jpg
Photo – https://mma.prnewswire.com/media/2672326/download_image.jpg
Logo – https://mma.prnewswire.com/media/2668118/MEXC_new_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/mexc-leads-q1-market-share-gains-with-highest-growth-in-both-spot-and-derivatives-302437199.html

Fintech PR

Blockchain for Good Alliance Launches Global Accelerator and Fund with UNDP

Published

31 minutes ago

April 24, 2025

CISION (PR Newswire)

blockchain-for-good-alliance-launches-global-accelerator-and-fund-with-undp

DUBAI, UAE, April 24, 2025 /PRNewswire/ — The Blockchain for Good Alliance (BGA), a global non-profit initiative, together with United Nations Development Programme (UNDP) and EMURGO Labs, has launched the SDG Blockchain Accelerator — a global effort aimed at harnessing blockchain-powered social impact initiatives across the UN Sustainable Development Goals (SDGs). This program aims to equip UNDP personnel and partners with the knowledge, technology, support, and mentorship necessary to develop, pilot, and scale blockchain-based solutions addressing real-world economic development challenges.

Supported by a global network of industry experts, this multi-year accelerator will onboard two cohorts annually, each running for a four month period, focusing on capacity building, solution development, and ecosystem growth. Leveraging Cardano’s infrastructure and EMURGO Labs’ expertise, the program will deliver up to 40 blockchain solutions aligned with the SDGs, create an open-source resource hub, and promote cross-chain collaboration to broaden the impact of blockchain across the development sector.

Led by BGA Managing Partner Glenn Tan and members of the UNDP AltFinLab, the collaboration will span five global regions, offering funding and strategic support to blockchain projects tackling challenges across the 17 SDGs.

“At UNDP, we believe blockchain is not just a technology — it is a transformative force capable of reshaping how we address humanity’s most pressing challenges. This accelerator program is more than an initiative; it is a call to action for innovators worldwide to harness blockchain’s power to drive sustainable development. By fostering bold collaboration and leveraging its transparency and efficiency, we are paving the way for groundbreaking solutions that can uplift communities globally,” commented Teodor Petricevic, UNDP Accelerator Lead.

As a founding supporter of the Blockchain for Good Alliance, Bybit has worked closely with BGA across various initiatives to promote the use of blockchain for public good. Through its “Bybit Pool” initiative, the crypto exchange has committed US$1 million in funding to support EthicHub, a blockchain platform empowering and enabling smallholder farmers. This contribution supports ethical financing models and showcases blockchain’s potential in building transparent supply chains.

Expanding Impact Across Europe

BGA marked a significant milestone in January 2025 with its formal expansion into Europe, joining the UNDP Brussels Roundtable “Empowering the Future: A Strategic Dialogue on Emerging Technologies and Impact Entrepreneurship in the Western Balkans”. The roundtable brought together 30 key delegates from the UNDP, European Commission, top Web3 foundations, tech hubs, and policy think tanks — including the Ethereum Foundation, Solana Labs, Stellar Development Foundation, Algorand Foundation, Cardano Foundation, Celo, Metis, Cotrugli Business School, Science Technology Park Belgrade, BlackVogel, and the World Metaverse Council.

As part of its broader European strategy, BGA is actively engaging in grassroots initiatives, forging strategic partnerships, and contributing to high-level policy dialogues. With blockchain increasingly recognized as a catalyst for transparent, inclusive, and sustainable development, BGA welcomes collaboration with like-minded organizations to advance real-world solutions and establish blockchain as a pillar of digital equity and innovation across the continent.

#Bybit / #TheCryptoArk / #BGA

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

About Blockchain for Good Alliance (BGA)

The Blockchain for Good Alliance (BGA) is a long-term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.

For more information
Email: hello@chainforgood.org
Website: www.chainforgood.org
Twitter: www.x.com/chainforgood

About UNDP

UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and the planet.

Learn more at www.undp.org