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VERSABANK RECOGNIZED FOR CONTINUING LEADERSHIP IN BANKING TECHNOLOGY

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–  Bank Named CIO Awards Canada Winner by IDC and CIO –

LONDON, ON, Sept. 26, 2024 /CNW/ – VersaBank has been named a CIO Awards Canada winner by IDC Canada and CIO. VersaBank CIO, Wooi Koay received the award at a CIO Awards Canada gala dinner hosted at The National Club in Toronto on September 25, 2024.

CIO Awards Canada recognized VersaBank for its Capital Adequacy Requirement (CAR) project. Canada’s banking regulator requires banks to set aside capital amounts for different loan types – known as capital adequacy requirements (CAR) – and the regulator changes these requirements periodically. Banks must respond promptly when requirements are changed. 

For this project, VersaBank moved the core CAR logic into a serverless function in the cloud, which resulted in ultra-fast computing and without impairing any of the demands on the bank’s Asset Management System (AMS). The AMS is used to record and track assets (e.g., loans) to judiciously allocate their capital to generate the highest return on common equity.

“We’re delighted to be recognized for our continuing technological innovation, which is the very core of VersaBank’s model as a cloud-based, branchless, business-to-business bank, providing high value-add digital banking solutions to address the unmet needs of our partners throughout North America,” said David Taylor, Founder, President and Chief Executive Officer, VersaBank. “Our proprietary banking software underlies our tremendous success and growth to date in Canada, which we look forward to replicating with our recent entry into the United States, as our cloud-based systems enable us to operate incredibly efficiently on both sides of the border.  VersaBank’s CIO, Wooi Koay, has played an integral role in our technological leadership, working to develop some of the banking industry’s most innovative solutions and enabling us to continuously remain on the leading edge of digital financial technology.”

Mr. Koay has shown a remarkable ability to translate the vision for new technology solutions, products and services envisioned by VersaBank management, including Founder David Taylor, and translate them into reality.

“We’re excited to celebrate CIO Awards Canada 2024, which honours Canadian IT organizations for projects driving digital business growth through technology innovation and demonstrating business value. We wish to congratulate this years’ winners as their projects were very inspiring and a true testament of the highly skilled and innovative workforce here in Canada,” said Lars Goransson, Managing Director, Canada, IDC (International Data Corporation).

Every year, CIO recognizes the tech world’s most innovative organizations and accomplished leaders. 2024 will be the third year for this popular awards program, where CIO Awards Canada have recognized innovative Canadian tech projects and teams.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world’s leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights. To learn more about IDC Canada, please visit www.idc.com/ca or follow us on LinkedIn.

About CIO

CIO focuses on attracting the highest concentration of enterprise CIOs and business technology executives with unparalleled peer insight and expertise on business strategy, innovation, and leadership. As organizations grow with digital transformation, CIO provides its readers with key insights on career development, including certifications, hiring practices and skills development. The award-winning CIO portfolio provides business technology leaders with analysis and insight on information technology trends and a keen understanding of IT’s role in achieving business goals. CIO is published by Foundry (formerly IDG Communications, Inc.) Company information is available at http://www.foundryco.com Follow CIO on Twitter: @CIOonline & @CIOevents Follow CIO on LinkedIn Follow CIO on Facebook.

About the CIO Awards Canada

The CIO Awards for Canada celebrate Canadian organizations and the teams within them that are using IT in innovative ways to deliver business value, whether by creating competitive advantage, optimizing business processes, enabling growth, or improving relationships with customers. The award is an acknowledged mark of enterprise excellence and a source of pride for all winning organizations.

About VersaBank

VersaBank is a North American bank (federally chartered in Canada and the US) with a difference.  VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its lending electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity.  In August 2024, VersaBank launched its unique Receivable Purchase Program (RPP) funding solution for point-of-sale finance companies, which has been highly successful in Canada for nearly 15 years, to the underserved multi-trillion-dollar US market.  VersaBank also owns Washington, DC-based DRT Cyber Inc., a North America leader in the provision of cyber security services to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities.

VersaBank’s Common Shares trade on the Toronto Stock Exchange (“TSX”) and Nasdaq under the symbol VBNK. Its Series 1 Preferred Shares trade on the TSX under the symbol VBNK.PR.A.

Visit our website at:  www.versabank.com

Follow VersaBank on Facebook, Instagram, LinkedIn and X.

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SOURCE VersaBank

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Google removed our Rosh Hashana wishes, and we want to know why.

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We recently shared a “Shana Tova” post on our Google Business Profile, but it was removed without clear explanation. Even after editing it, the post was still taken down. Is there something going on here?

NEW YORK, Oct. 5, 2024 /PRNewswire-PRWeb/ — A Call for Clarity Amid Restrictions on Our Community Celebrations

Yesterday we shared a “Shana Tova” post on our Google Business Profile, only to have it removed without a clear explanation. We tried again, editing out references to alcohol, but the post was still taken down. Google cited “content policy violations” but gave no specifics.

Now, our ability to post is entirely disabled, and we’re left wondering why.

As a Mediterranean restaurant with Israeli roots, it’s concerning that our posts, which don’t appear to violate any guidelines, are being rejected—especially during a time when community connection is vital. The situation in the Middle East has been terrible for almost a full year now, and over the past few weeks, things have escalated dramatically. Is that the reason?

We understand that, in times like these, any business with ties to Israel is in danger of being targeted, and incidents are often more common around Jewish festivals. But that doesn’t mean that we should be pre-emptively disabled, without any explanation, either.

What we can’t say on Google, we’ll say here: Everyone is welcome to join us and celebrate at 19 Cleveland. A new year is full of new opportunities, a chance to turn the page on a difficult time and find hope for better things.

The world needs more joy right now. So, happy Rosh Hashanah, everyone. Come raise a glass with us.

About 19 Cleveland:

19 Cleveland is an Israeli restaurant that welcomes people of all backgrounds. Our Mediterranean menu blends flavors from around the world, creating a dining experience that celebrates connection, community, and cultural exchange.

Media Contact

Eyal Hen, 19 Cleveland, 1 9179301896, Eyal@19cleveland.com, https://19cleveland.com/

View original content to download multimedia:https://www.prweb.com/releases/google-removed-our-rosh-hashana-wishes-and-we-want-to-know-why-302268060.html

SOURCE 19 Cleveland

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Ministry of Industry and Mineral Resources Unveils Official Website for Multilateral Industrial Policy Forum in Riyadh

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The Ministry of Industry and Mineral Resources and the United Nations Industrial Development Organization (UNIDO) have launched the official website for the Multilateral Industrial Policy Forum, which they plan to organize on October 23-24, 2024, in Riyadh. The forum aims to foster dialogue and partnerships in industrial policies, contributing to the Sustainable Development Goals , which are also in line with Saudi Vision 2030.

RIYADH, Saudi Arabia, Oct. 5, 2024 /PRNewswire-PRWeb/ — The Ministry of Industry and Mineral Resources and the United Nations Industrial Development Organization (UNIDO) have launched the official website for the Multilateral Industrial Policy Forum, which they plan to organize on October 23-24, 2024, in Riyadh. The forum aims to foster dialogue and partnerships in industrial policies, contributing to the Sustainable Development Goals , which are also in line with Saudi Vision 2030.

Ministry of Industry and Mineral Resources Unveils Official Website for Multilateral Industrial Policy Forum in Riyadh

The website allows people interested in participating to register through a specific page, which includes comprehensive details about the forum, the event schedule, and the names of speakers and experts from inside and outside the Kingdom. This forum will serve as an international platform, bringing together decision-makers, investors, international experts, and industrial entrepreneurs to discuss best practices and exchange experiences on policies that promote sustainable industrial development.

The launch of this website is part of the Ministry’s efforts to strengthen cooperation with UNIDO and develop an integrated strategy aimed at empowering the industrial sector in the Kingdom, stimulating industrial investments, and enhancing the role of small and medium enterprises within the industrial ecosystem.

For more information about the Multilateral Industrial Policy Forum and to register for the event, please visit the official website at (www.mipf2024.com).

The forum represents a crucial milestone in strengthening the Kingdom’s role in the global industrial sector by fostering the exchange of expertise, experiences, and insights while launching strategic initiatives that promote sustainable development and enhance the capabilities of the Kingdom’s industrial sector in alignment with Vision 2030.

Media Contact

Hassan Aldohaiman, Ministry of Industry and Mineral Resources – Saudi Arabia, 966 555551557, salehlzeik@gmail.com, mipf2024.com

View original content to download multimedia:https://www.prweb.com/releases/ministry-of-industry-and-mineral-resources-unveils-official-website-for-multilateral-industrial-policy-forum-in-riyadh-302268064.html

SOURCE Ministry of Industry and Mineral Resources – Saudi Arabia

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CompTIA Spark introduces free high-quality technology curriculum for middle grade classrooms

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On World Teachers’ Day, the nonprofit organization highlights the importance of middle school teachers, empowers them to teach technology skills

DOWNERS GROVE, Ill., Oct. 5, 2024 /PRNewswire/ — Responding to a critical gap in technology education, CompTIA Spark has launched free technology curriculum specifically for middle grade classrooms, grades 5-8. It aims to support teachers so that they can teach the critical skills students need to succeed in whatever path they choose. The nonprofit organization worked with educators across the country to develop the curriculum.

“Getting this free resource into the hands of middle school teachers can help close the gap in technology education.”

“World Teachers’ Day celebrates how important teachers are,” says Randi Parker, chief of staff and vice president of CompTIA Spark. “And we know that middle school teachers in particular play such an important role in a student’s journey which is why they are the key to bringing technology education to more schools. We could not have developed this curriculum without them, and we can’t reach students without them.”

For about the past year, school districts as well as individual teachers have been implementing the CompTIA Spark curriculum in middle grade classrooms and providing feedback that allowed for a testing and development period prior to the full-scale launch. The schools that participated in this phase ranged from award-winning STEM schools to less-resourced ones, with all types of schools reporting the curriculum was a success and that students were engaged and excited to learn.

Getting students excited about technology and growing their confidence with hands-on learning is critical at the middle school level. Without access to quality technology education, students fall behind before they reach high school which means they do not have the digital fluency needed to succeed in school and in life. Filling this critical gap is the mission of CompTIA Spark.

With the new free curriculum, teachers can guide middle grade students through engaging project-based lessons that build capability using common applications and 21st century skills. Students gain a solid foundation in key technology concepts to prepare them for future opportunities — in high school and beyond.

Delivered through an online learning platform, the curriculum sparks interest in technology and how it is used in a wide variety of careers. For example, the Tech Exploration units have interactive lessons that show how tech skills are used in roles like product design, market research, accounting, marketing and more. Meanwhile, the Emerging Tech units focus on artificial intelligence (AI), cybersecurity, and smart home technology. Full access to the curriculum is available to middle grade educators absolutely free — to empower more teachers to teach the subject, even if they have not taught it previously.

A recent special report from Education Week highlighted how schools have been “struggling to recruit and retain math and science teachers for decades,” let alone educators who can teach technology subjects. The report also stressed the fact that current teachers need to be given opportunities to be able to teach new subjects related to emerging fields and technologies — with this being a solution to tackling the shortage.

“Because of the way the curriculum is intentionally designed, we are able to take the burden off the teacher by providing high-quality technology curriculum that middle grade teachers can use in their classroom regardless of their past experience with the subject,” says Parker. “Getting this free resource into the hands of teachers can help close the gap in technology education that currently exists at the middle school level. CompTIA Spark curriculum is free, and always will be free, because it is a gift from the tech industry to future generations.”

Districts, schools and individual teachers are invited to explore the curriculum and get started at comptiaspark.org.

About CompTIA Spark

CompTIA Spark develops free high-quality technology curriculum for middle grade classrooms to close a critical gap in technology education that exists before high school. This work improves student outcomes and success, and helps ensure a diverse talent pipeline for the technology workforce. CompTIA Spark is an independent 501(c)(3) nonprofit organization that operates as the charitable arm of the Computing Technology Industry Association (CompTIA), a leading voice and advocate for the global information technology ecosystem and a trusted provider of technical training and IT certifications. Learn more at comptiaspark.org.

MEDIA CONTACTS:
Laura Perillo and/or Cristina De Guia
news@comptiaspark.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/comptia-spark-introduces-free-high-quality-technology-curriculum-for-middle-grade-classrooms-302268032.html

SOURCE CompTIA Spark

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