Metallicus, the core developer of Metal Blockchain, a foundational Layer 0 blockchain, announced that OneAZ Credit Union has enrolled in its Banking Innovation Program. This strategic move highlights OneAZ Credit Union's proactive approach to integrating blockchain technology and utilizing Metallicus' expertise to advance its technological capabilities.
Frank Mazza, Director of Blockchain for Institutions & Fintechs at Metallicus, stated, "OneAZ Credit Union joining our Banking Innovation Program signifies a crucial advancement in our quest to innovate the financial sector with blockchain technology. We're eager to collaborate with OneAZ Credit Union, offering them the tools and resources to champion innovation and navigate the ever-shifting financial landscape."
Brandon Michaels, President & CEO of OneAZ Credit Union, echoed this sentiment, emphasizing the credit union's commitment to exploring blockchain technology. "At OneAZ, we believe that being at the cutting edge of innovation is critical to delivering on our promise to inspire dreams and drive prosperity and community growth for all Arizonans. We're excited at the opportunity to learn more about the potential of this technology with Metal Blockchain," said Michaels.
Sandeep Uthra, EVP & Chief Technology Officer at OneAZ, also expressed enthusiasm for the partnership. "We are thrilled to be part of this innovation ecosystem. Partnering with Metal Blockchain will help us accelerate the development of our next generation of banking solutions. We look forward to reimagining the banking technology by collaborating and innovating in blockchain technology as part of the Metal Blockchain's Banking Innovation Program," Uthra added.
The Banking Innovation Program by Metal Blockchain aims to help institutions like OneAZ Credit Union navigate and adopt customized blockchain solutions while ensuring compliance with regulatory standards. The program draws on Metallicus' extensive blockchain expertise and a distinguished advisory board to offer innovation workshops, fintech partnerships, R&D grants, and bespoke development. These resources position program participants to lead and innovate in the dynamic financial sector.
The program is designed to support financial institutions' journey into blockchain technology at no cost. It focuses on addressing use cases around Digital Identity, Single Sign-On (SSO), Private Subnets, Tokenization of Assets, and more. By providing the necessary tools and resources, the program helps participants drive profitability, lower costs, reduce risks, and deliver unparalleled customer experiences.
The implications of this partnership are significant for both OneAZ Credit Union and the broader financial industry. For OneAZ, the collaboration represents a strategic investment in technological innovation that could lead to enhanced service offerings and operational efficiencies. For the financial sector, it demonstrates a growing interest in blockchain technology as a means to address longstanding challenges and create new opportunities for growth and development.
