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F&M BANK: DRIVING DIGITAL WHILE STAYING PERSONAL
News Provided by FinTech Magazine
F&M Bank’s Chief Experience Officer, Charles Driest, talks about striking the right balance between digital innovation and a personal customer approach
LONDON, July 3, 2023 /PRNewswire/ — Charles Driest is the newly-appointed Chief Experience Officer at Farmers & Merchants (F&M) Bank. A graduate of George Mason University in Virginia, and later St. John’s University in New York, he began his banking career shortly after returning to Virginia from New York in 2007.
Before this, Driest’s early career saw him employed by the Grocery Manufacturers Association (MGA), and, later, at the American think-tank, Brookings Institution. It was here he was struck with inspiration to retrain in finance by a former manager, Roberta Cohen.
Driest says: “She said if I didn’t go back to school she would fire me. This was probably my biggest inspiration. It amazes me that her voice is always in the back of my head, and when she told me that, it was about two decades ago.”
F&M Banks’s new Chief Experience Officer hasn’t exactly been short of inspiration, either: “I’ve been really lucky because I’ve had a lot of influencers in my career, with bosses and managers who have pushed me to take on new risks that perhaps I didn’t feel I was ready for, but gave me a great opportunity to learn.”
Beginning his banking career after reeducating in New York and returning to Virginia, Driest was again inspired to follow a digital path in his career. “One of the first CEOs I worked for taught me a valuable lesson; it’s how I got into the digital side of the banking business.
“At the time we didn’t have a good grasp of our digital spending at the organisation. My CEO asked me to break down the numbers to explain to executive management where the money was going. So I sifted through 12 months of invoices and began asking operational questions: where’s our money going? How do we better manage this?
“This is when I found out the business had these operational holes, while we didn’t have the right insights into the capabilities available to us that we were using. So my CEO said: ‘You found the problems, go fix them’. This is what got me into digital banking, furthering my career by putting me into a situation I wouldn’t necessarily have been comfortable in initially.”
This valuable experience in digital banking saw Driest become F&M Bank’s Director of Digital Banking sometime after, a role he had for “14 to 15 months” before being promoted to F&M Bank’s Chief Experience Officer.
Despite his brief time in the role so far, Driest says: “Taking on three new reports has been a lot of fun. I really enjoy the personnel management aspect of things. I like watching the development of people. From my perspective, I really like to see the process of a team getting onto one page, because it has a powerful multiplying effect. The pace of work speeds up when everybody is in sync.”
Achieving synchronisation for the now is key to driving growth in the future, according to Driest, who has deep excitement for the future of banking as the proliferation of fintechs continues, believing community banking will endure despite the growth of technology.
He concludes: “I’ve seen some of the biggest developments in banking over the years, and I feel even with all the fintechs out there, I think ultimately, community banking will survive. If there’s one thing banks are very good with, it’s about integrating technology that is focused on the customer.
“For anyone that talks about the speed of fintech growth, fundamentally, it still relies on people, and people don’t change habits that quickly. The arc of change and the pace of change will always be constrained by people at the end of the day. So, as long as you’re making good decisions and always looking ahead by two to three years at a time – it doesn’t matter what type of bank you are – you’ll probably end up in a good place.”
F&M Bank has been featured in the July issue of FinTech Magazine
In this exclusive interview, Charles Driest, Chief Experience Officer, discussed striking the right balance between digital innovation and a personal customer approach.
“The future is technology and people, that’s what is going to win the day – not one or the other”
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View original content:https://www.prnewswire.co.uk/news-releases/fm-bank-driving-digital-while-staying-personal-301868270.html
VICTORIA, Seychelles, April 14, 2025 /PRNewswire/ — Bitget, the leading cryptocurrency exchange and Web3 company, has wrapped up its Ramadan charity initiative with an extraordinary milestone: 60,224 meals provided to families and individuals facing food insecurity across multiple regions. What began as a company-led effort quickly grew into a community-wide movement, with Bitget users, employees, and leadership coming together to amplify the campaign’s global reach.
The initiative started with an 8,000 USDT donation from Bitget, which laid the foundation for further contributions. Users rallied behind the cause, donating an additional 13,408 USDT—an amount Bitget proudly matched, doubling the impact. Beyond the platform’s direct efforts, local teams stepped up in meaningful ways. The Turkish office allocated 8,900 USDT to support families in their region. To cap the initiative, Vugar Usi Zade, Bitget’s Chief Operating Officer, personally contributed 16,000 AED to a UAE-based charity, reinforcing the campaign’s global reach.
For Bitget, corporate social responsibility isn’t an afterthought; it’s woven into the company’s ethos. This Ramadan campaign reflects a broader philosophy: that success in the digital asset space should translate into tangible good for communities worldwide. “Seeing our team, partners, and users come together in this way has been incredibly humbling,” said Vugar Usi Zade, COO of Bitget. “Crypto is about more than markets and technology; it’s about people. This initiative proves that we can make a real difference when we pool our resources, whether through donations, matching, or local action.”
The numbers tell only part of the story. Behind each meal is a family that didn’t have to worry about their next iftar, a child who went to bed nourished, or an individual who felt seen in a moment of need. That’s the kind of impact Bitget strives for—not just during Ramadan but year-round.
Bitget’s Ramadan campaign sets a new benchmark for what the crypto industry can achieve when it prioritizes giving back. With over 60,000 meals distributed, the effort underscores how businesses can and should leverage their platforms for social good. Future initiatives are already in the works, building on this momentum to address food security, education, and economic empowerment in underserved communities.
Thank you to those who contributed, whether through donations or spreading awareness. This wasn’t just Bitget’s campaign; it belonged to everyone who believed in its mission. And if this is what the community can accomplish together in a matter of weeks, imagine what’s next.
Photo – https://mma.prnewswire.com/media/2658090/image_5033042_35575455.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bitgets-ramadan-campaign-serves-over-60-000-meals-to-communities-in-need-302427475.html
HELSINKI, April 14, 2025 /PRNewswire/ — Nomentia, a European leader in treasury and cash management solutions, announces an enhancement to their existing cash flow forecasting solutions with powerful AI features. This upgrade accelerates implementation while delivering with more advanced and precise forecasting for businesses.
As businesses have increased demand for boosting efficiency with AI-driven solutions, treasurers and finance professionals are also looking for treasury management solutions equipped with AI to elevate their performance. AI provides exceptional power for data processing and the technology could enable treasury and finance teams to achieve more accurate, real-time financial insights for proactive risk management.
Accurate cash flow forecasting has always depended on data quality and analytical rigor, but traditional methods struggle with volatility and rapid market shifts. AI transforms this process by automatically detecting and correcting anomalies, accounting for seasonal patterns to minimize forecasting errors. With real-time data synchronization in one single platform, eliminating data siloes and outdated projections, AI-powered cash flow forecasting supports businesses to move beyond reactive planning and adopt a proactive financial strategy.
At Nomentia, predictive analytics for cash flow forecasting has been researched, implemented and perfected for years alongside with industry-leading clients. This has enabled us to bring the highest performing AI forecasting model specifically built for treasurers. The upgrade also includes improvement in implementation, allowing users to quickly access and leverage AI-driven cash flow forecasting.
Jukka Sallinen, Chief Executive Officer at Nomentia, expressed enthusiasm for the new milestone: “For years, we’ve worked alongside our clients to refine AI-driven cash flow forecasting, ensuring it meets the real-world challenges of modern treasury teams. With the power of AI, cash flow forecasting is not just a necessity, but a strategic advantage.”
With AI-powered forecasting, businesses can reduce uncertainty, optimize liquidity and make more confident financial decisions. In today’s rapidly changing markets, staying ahead means leveraging technology that not only predicts cash flow but also continuously adapts to new challenges – ensuring long-term financial stability and growth.
Hubert Rappold, Senior Treasury Expert at Nomentia, shared his perspective: “AI is revolutionizing cash flow forecasting by eliminating blind spots and providing real-time, data-driven insights. Instead of relying on static models, treasury teams can now adapt dynamically to market shifts, improving liquidity management and financial resilience.”
With AI-driven cash flow forecasting, Nomentia aims to equip businesses with highly accurate predictions and enhanced operational efficiency, enabling treasurers to make faster and better financial decisions.
For media inquiries, please contact:
Vy Dang
Senior Marketing Manager
vy.dang@nomentia.com
+358503693834
This information was brought to you by Cision http://news.cision.com
View original content:https://www.prnewswire.co.uk/news-releases/nomentia-unveils-ai-cash-flow-forecasting-for-accurate–predictive-insights-302427438.html
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LONDON, April 14, 2025 /PRNewswire/ — Regulatory compliance in Germany is complex – and non-compliance can be costly. S+P Compliance Services offers the S+P Compliance Package, a turnkey solution for companies regulated by BaFin, such as banks, investment firms, FinTechs, and asset managers.
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View original content:https://www.prnewswire.co.uk/news-releases/worry-free-compliance-in-germany–with-the-sp-compliance-package-302427429.html
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