VersaBank Triumphs with CIO Technology Innovation Award

Versabank (TSE:VBNK) has released an update.

VersaBank has been honored with a CIO Award in Canada for its innovative Capital Adequacy Requirement (CAR) project, which enhances the bank’s computing efficiency in asset management through cloud-based serverless functions. The recognition affirms VersaBank’s position as a leader in digital banking technology and its success in North America, with growth prospects following its recent expansion into the US market. The award reflects the bank’s commitment to technological innovation and efficiency in the financial industry.

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