Connect with us

News

Data Specialties Inc. Continues to Ensure Data Center Uptime and Power Readiness During Record California Wildfires and Heat Emergencies

gbafNews28

Data Specialties Inc. (DSI), a leader in data center design-build, today announced its Power Readiness Service is available to help data center owners and operators. This service enables an understanding of data center electrical systems, electric loads and backup power supplies, and offers implementation of updated systems to mitigate risk from disasters like wildfires and power outages.

Prompted by a severe heat wave and several significant wildfires across the state, the California Independent System Operator (CAISO) has issued several emergency notices, including the latest Stage 2 emergency on September 6. Theyre also issuing Flex Alerts calling for consumers to voluntarily conserve electricity to avoid a Stage 3 emergency and rolling blackouts. Both PG&E and Southern California Edison, the states two biggest power utilities, warn of rotating outages if conditions and temperatures worsen, including public safety power shutoffs to prevent fires, when weather conditions require. DSIs power readiness service produces a picture of your data centers existing backup power system, identifies gaps, and provides recommendations on how to ensure your data center is prepared to deal with power emergencies.

With the Uptime Institute reporting that most data centers were caught unprepared to deal with the pandemic, and with their recognition of how wildfires are directly impacting data centers located near fires or in evacuation zones or near enough to deal with potential smoke and ash infiltration, owners and operators need to focus on complete disaster preparedness and business continuity plans. And a key part of that is managing powerthere are significant risks of losing power for any data center, making it imperative to have the proper uninterruptible power equipment to handle the unique energy loads of each data center. DSIs Power Checkup Service is designed to gather information from a comprehensive assessment of your electrical system and identify critical electrical loads requiring protection as well as the equipment you need to protect your data center and your business. In addition to an assessment and analysis, DSI offers implementation of updated power and backup supply services for data centers of all sizes to be ready to deal with this heat emergency.

The unprecedented number of wildfires and more rolling outages than weve seen in almost 20 years, have a significant impact on businesses and their data centers, says Phil Rafferty, Co-Founder and President, DSI. Our power readiness services are valuable for data centers to ensure they can meet these conditions head on and maintain mission critical uptime.

About Data Specialties Inc.

Since 1991, Data Specialties Inc. has been a leader in Data Center design-build. The company manages all aspects of site selection, design, construction, commissioning and maintenance of mission-critical data centers throughout the United States. DSIs clients have entrusted them to implement data centers that are critical to the daily operations of their businesses. DSIs designs deliver the reliability demanded today, and the scalability and flexibility to accommodate any future moves, additions or changes. For more information, please visit http://www.webuilddatacenters.com.

Adam Waitkunas

Milldam Public Relations

978-828-8304 (mobile)

[email protected]

News

Federal Reserve Announces Finzly as FedNow Pilot Program Participant

gbafNews28

CHARLOTTE, N.C., Jan. 26, 2021 /PRNewswire-PRWeb/ — Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital account opening, has been selected to participate in the Federal Reserve Banks' pilot program for its FedNowSM Service, a new instant payment service that will enable U.S. financial institutions of all sizes and communities to provide safe and efficient instant payment services in real-time.

Most notably, FedNow will allow businesses and individuals to send and receive payments 24x7x365. Designed to support the development, testing and adoption of the FedNow Service, the program will also promote the growth of services and use cases that leverage FedNow functionality. According to the Federal Reserve, more than 80 submissions were vetted “to ensure the program is representative of various types of institutions and service providers, connection types, settlement arrangements and experience levels.”

Winner of the 2020 Finovate award for “Best Enterprise Payments Solution,” Finzly's recently enhanced Payment Hub supports multiple payment networks through a single, consolidated system and will support newer RTP networks, including the FedNow Service. Payment Hub is interoperable, leveraging open APIs in the cloud to centralize consumer and business payment processing, monitoring, reporting and compliance, allowing FIs to provide customers with a more seamless payment experience.
“The FedNow Service marks a turning point in the industry's move to making real-time payments a reality,” said Booshan Rengachari, founder and CEO, Finzly. “We created our Payment Hub specifically to help FIs prepare and go to market faster with newer RTP networks and address the challenges of offering single payment API for multiple payment networks without having to run disparate payment systems from multiple vendors. We welcome the opportunity to be a part of this historical pilot program and help shape the service's features and functionality.”

To view the FedNow release and the list of organizations that have announced their participation, visit here.

About the FedNow Service
The Federal Reserve Banks are developing the FedNow Service to facilitate nationwide reach of instant payment services by financial institutions – regardless of size or geographic location – in near real time, around the clock, every day of the year. Through financial institutions participating in the FedNow Service, businesses and individuals will be able to send and receive instant payments conveniently, and recipients will have full access to funds within seconds, giving them greater flexibility to manage their money and make time-sensitive payments. Access will be provided through the Federal Reserve's FedLine® network, which serves more than 10,000 financial institutions directly or through their agents. For more information, visit FRBservices.org.

About Finzly
Finzly connects financial institutions with customers through a modern digital experience and an efficient, real-time payment services hub. Freeing financial institutions from core system limitations, Finzly's open, cloud-based bank operating system, BankOS, enables transformation and innovation at the speed of fintech. With the freedom to adopt solutions from Finzly and third parties of choice, financial institutions can implement apps in three simple steps – subscribe, try and launch. Serving customers across North America, Finzly has been modernizing international banking and treasury management solutions since 2012. For more information, visit http://www.finzly.com.

Media Contact

Augusta Bauknight, William Mills Agency, 678-781-7214, [email protected]

Nick Beyer, Finzly, 844-792-7783, [email protected]

Twitter, Facebook

 

SOURCE Finzly

Continue Reading

News

ASTRALABS Raises $100,000 in First 6 Hours

gbafNews28

AUSTIN, Texas, Jan. 26, 2021 /PRNewswire/ — Newchip Inc. has rebranded to ASTRALABS INC. The company experienced exponential growth as their revenues climbed a staggering 357% from 2019 to 2020. As a result, the strategic decision was made to divide its company into a new parent structure with its product lines as independent wholly owned subsidiaries as part of the new venture studio model. 

ASTRALABS officially launched a public offering campaign on Wefunder on Jan. 25, 2021, and surpassed $100,000 within the first six hours. The company is raising at a $69.3 million pre-money valuation and has previously raised $4.5 million from investors and executives from Goldman Sachs, Credit Suisse, YGC, JV, Sputnik, YC & Polymath. 

ASTRALABS is a team and network of hundreds of top startup founders, expert mentors, and investors around the globe focused on rebuilding the world post-COVID-19. This new structure is a strategic move that will allow its subsidiaries to focus and grow independently while also contributing to the overall vision of the parent company. 

ATRALABS is currently made up of three wholly owned subsidiaries: Newchip – the flagship, global accelerator; Sofos.ai – an investor and sales lead generation platform; and Journey Venture Partners an investment management company. The creation of the parent company, ASTRALABS, will allow the individual business units to have a greater impact on the global startup ecosystem by providing resources at the different pain points in the founder's funding and growth journey. This move allows for further expansion such as the acquisition of companies that have previously completed the Newchip Accelerator or other companies that might align with the ASTRALABS' mission.

Founder and CEO of ASTRALABS, Andrew Ryan, speaks of the opportunity at hand for investors, “I believe this model is revolutionary. It's unlike anything that's been available to everyday investors.” In the past year we have already secured over $100 million in future equity warrants,” says Ryan.

Investors can learn more about the investment opportunity and the current offering at the Wefunder on ASTRALABS' campaign page.

About ASTRALABS

ASTRALABS is a team and network of over 1,200 top startup founders, expert mentors, and investors focused on rebuilding the world post-COVID-19. As a venture studio, the company's aim is to build a new global startup ecosystem and product portfolio focused on educating and equipping the next generation of entrepreneurs with what they need to succeed. With over 750 graduated startups, ASTRALABS possesses over $100 million in equity warrants in a combined estimated market size of over $5 billion. ASTRALABS in the parent company of the Newchip Accelerator, Journey Venture Partners and Sofos.ai. For additional information, interview or speaking requests and for all other inquiries, please contact [email protected].

Related Images

astralabs-logo.jpg
ASTRALABS Logo

Related Links

ASTRALABS

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/astralabs-raises-100-000-in-first-6-hours-301215681.html

SOURCE ASTRALABS

Continue Reading

News

Apollo Bank Adds CheckAlt's Lockbox Services on Top of Item Processing Solutions

gbafNews28

LOS ANGELES, Jan. 26, 2021 /PRNewswire-PRWeb/ — Apollo Bank of Miami has expanded its relationship with CheckAlt, the largest independent provider of item processing and treasury management solutions in the U.S., to provide lockbox services for its corporate clients in addition to item processing including at-branch check image capture and statements.

“Seeking an outsourced lockbox payment processor that could be implemented quickly, we turned to our known and trusted vendor, CheckAlt,” said Jeannie Spano, VP of Deposit Operations for Apollo Bank. “CheckAlt's straightforward implementation and effective collaboration has made turning on lockbox processing for our clients on the new platform easy.”

Apollo Bank knew it did not want to build its own in-house lockbox scanning department. CheckAlt's lockbox services and corresponding web-based platform enables the bank's business clients to simplify reconciliation and realize check payments faster.

“CheckAlt is proud to deepen our relationship with Apollo Bank as now their provider of item processing and lockbox services,” said Carolyn Morris, Relationship Manager for CheckAlt. “It has been a pleasure assisting Jeannie and her team at Apollo Bank with the implementation of our lockbox solution as well as training for their clients.”

For more information about CheckAlt's lockbox services, please visit https://www.checkalt.com/products/lockbox-services.

About CheckAlt

In the past 10 years, CheckAlt has become the leading provider of check payment processing solutions for hundreds of financial institutions across the country. As both bank agnostic and demographic agnostic, CheckAlt is uniquely positioned for payments convergence. It has been our focus to process check payments while also eliminating paper from the system with robust electronic payment APIs. CheckAlt's solutions include lockbox processing across a nationwide hub-and-spoke network of processing sites, consolidated item processing, integrated treasury solutions, and mobile capture services. CheckAlt is headquartered in Los Angeles, Calif.

Media Contact

Tiffany Rider, CheckAlt, +1 (310) 663-7062, [email protected]

Twitter, Facebook

 

SOURCE CheckAlt

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call for Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Latest Posts

gbafNews28 gbafNews28
News23 mins ago

RockTree Capital Announces Investment and China Partnership With dYdX Decentralized Exchange

NEW YORK, Jan. 26, 2021 /PRNewswire/ — RockTree Capital, a merchant bank in Beijing and Shanghai that invests into and advises...

gbafNews28 gbafNews28
News23 mins ago

Prosperity Bancshares, Inc.® Announces Stock Repurchase Program

HOUSTON, Jan. 26, 2021 /PRNewswire/ — Prosperity Bancshares, Inc.® (the “Company”) (NYSE: PB), the parent company of Prosperity Bank®, today announced...

gbafNews28 gbafNews28
News23 mins ago

Marfrig Announces Early Tender Results of: Offer to Purchase for Cash Up to U.S.$1,750,000,000, on a Total Cash Basis, of Outstanding 6.875% Senior Notes due 2025 (CUSIP Nos. 566007 AB6; G5825A AB8 / ISIN Nos. US566007AB67; USG5825AAB82) and 7.000% Senior Notes due 2024 (CUSIP Nos. 566007 AA8; G5825A AA0 / ISIN Nos. US566007AA84; USG5825AAA00) issued, in each case, by MARB BondCo PLC

SÃO PAULO, Jan. 26, 2021 /PRNewswire/ — Marfrig Global Foods S.A. (“Marfrig“), MARB BondCo PLC (“MARB“), Marfrig Holdings (Europe) B.V....

gbafNews28 gbafNews28
News23 mins ago

SVB Financial Group Announces Pricing of $750 Million Preferred Stock Depositary Shares Offering and $500 Million 1.800% Senior Notes Offering

SANTA CLARA, Calif., Jan. 26, 2021 /PRNewswire/ — SVB Financial Group (“SVB”) (NASDAQ: SIVB) today announced the pricing of an...

gbafNews28 gbafNews28
News23 mins ago

Synchrony Announces Approval of a $1.6 Billion Share Repurchase Program and Quarterly Common Stock Dividend of $0.22 Per Share

STAMFORD, Conn., Jan. 26, 2021 /PRNewswire/ — Synchrony Financial (NYSE: SYF) announced today that its Board of Directors has approved...

gbafNews28 gbafNews28
News23 mins ago

Kevin Jenkins Named National Retail Sales Director at Princeton Mortgage

EWING, N.J., Jan. 26, 2021 /PRNewswire-PRWeb/ — Princeton Mortgage is pleased to announce that Kevin Jenkins has joined the company as...

gbafNews28 gbafNews28
News23 mins ago

First Financial Bank Announces Promotion Of Nora P. Thompson To President Of Bryan/College Station Region

COLLEGE STATION, Texas, Jan. 26, 2021 /PRNewswire/ — The Board of Directors of First Financial Bank, N.A., announced the promotion...

gbafNews28 gbafNews28
News23 mins ago

Apollo Bank Adds CheckAlt's Lockbox Services on Top of Item Processing Solutions

LOS ANGELES, Jan. 26, 2021 /PRNewswire-PRWeb/ — Apollo Bank of Miami has expanded its relationship with CheckAlt, the largest independent...

gbafNews28 gbafNews28
News23 mins ago

ASTRALABS Raises $100,000 in First 6 Hours

AUSTIN, Texas, Jan. 26, 2021 /PRNewswire/ — Newchip Inc. has rebranded to ASTRALABS INC. The company experienced exponential growth as their revenues...

gbafNews28 gbafNews28
News23 mins ago

Federal Reserve Announces Finzly as FedNow Pilot Program Participant

CHARLOTTE, N.C., Jan. 26, 2021 /PRNewswire-PRWeb/ — Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance,...