Digital banking platform innovator Technisys recently formed a partnership with OkCoin, a globally-accessible crypto exchange serving 190 countries, in order to help traditional banks with supporting Bitcoin (BTC) and other virtual currency services — “enabling banks to elevate the customer experience and uncover new revenue streams.”
As mainstream adoption of crypto-assets continues to rise, traditional banks are challenged with providing solutions to address this new market demand.
Via this partnership with OkCoin, Technisys will aims to empower banking institutions to “adopt and support Bitcoin and other cryptocurrency services, while continuing to offer a seamless, end-to-end, digital customer experience.”
Although OkCoin’s crypto exchange supports millions of consumers who purchase and sell Bitcoin and over 30 other crypto assets daily, Technisys will help with enabling banks and Fintech firms to integrate a new set of crypto services into their existing digital offerings — “enabling banks to better meet changing customer needs and demands for more safe, secure and regulated cryptocurrency banking solutions.”
Mike Santos, CEO at Technisys, stated:
“As consumer behavior shifts and bitcoin adoption increases, Technisys is committed to helping our digital and core banking clients to adapt and flex as market demands dictate. Enabling these capabilities for all financial institutions brings opportunity and growth in new ways – via a next-gen digital banking platform – that were simply not possible before.”
Hong Fang, CEO of Okcoin, remarked:
“Okcoin is committed to making crypto investing easily accessible to everyone around the world, as well as partnering with top fintech companies to provide a seamless user experience. We’re pleased to be working with Technisys to broaden the next generation of tools Okcoin customers can use to engage with the crypto market, and we look forward to driving greater adoption through this partnership.”
With Technisys headquartered in Miami, where the city’s mayor, Francis Suarez, has “inspired action to transform Miami into the latest innovation hub,” the Technisys and Okcoin partnership is “timely, and representative of the flourishing technological ecosystem in this city, according to an update shared with Crowdfund Insider,
It’s indicative of the growing momentum – with tech innovation at the center – “to support new ways of working, engaging and living for banks, businesses and consumers,” the announcement noted.