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Finastra successfully migrates Fusion Phoenix core clients to Microsoft Azure


Finastra successfully migrates Fusion Phoenix core clients to Microsoft Azure
Milestone brings the benefits of cloud delivery to all Fusion Phoenix bank and credit union customers
LAKE MARY, Fla., March 9, 2021 /PRNewswire/ Finastra today announced it has successfully migrated its Fusion Phoenix core banking system customers to Microsoft Azure. With 62 community banks and credit unions migrated in the past year, this significant milestone means that all Fusion Phoenix bank and credit union customers that have opted for cloud delivery are running in Azure.
In February 2020, Finastra announced its plan to bring Fusion Phoenix to the cloud with two early adopters, Commerce National Bank & Trust and Commencement Bank, accessing the platform through Azure. Today, 100% of its existing core customers opting for cloud delivery have been migrated to Azure. Banks and credit unions can now consume - rather than own and run - core applications, freeing up IT resources to focus ....

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Waterloo, Wis., couple named 2021 Outstanding Young Farmers


Photos courtesy of Wisconsin OYF
OUTSTANDING FARMERS: Five couples competed for Wisconsin’s 2021 Outstanding Young Farmer Award. They are (front, from left) runners-up Joe and Ashley Dudkiewicz, Crivitz, and winners Jennifer and Shane Sauer, Waterloo. In back (from left) are Leslie and Scott Svacina, Deer Park, and Jenny and Michael Jenson, Elk Mound. Clint and Erin Hodorff, Eden, are not in the photo.
Shane and Jennifer Sauer farm 650 acres and milk 150 cows.
Shane and Jennifer Sauer of Waterloo, Wis., were selected as the Wisconsin 2021 Outstanding Young Farmers during the 67th annual OYF awards weekend, held Jan. 22-23 in Neenah, Wis. ....

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More Than 110 Organizations Will Participate in the FedNow Pilot Program


More Than 110 Organizations Will Participate in the FedNow Pilot Program
The
US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program.
FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow emerging as a new interbank real-time service seeking to support instant payments in the United States.
Esther George, President and CEO of the
Federal Reserve Bank of Kansas City and executive sponsor of the Federal Reserve’s payments improvement initiatives, stated:
“We’re gratified by the industry’s tremendous interest and willingness to devote time and energy to help us develop the FedNow Service. As a result, we’ve adjusted to accommodate more participants than we originally planned.” ....

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