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CSI to offer turnkey bitcoin services to banks via Nydig

Source: CSI

Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, has partnered with NYDIG, a leading bitcoin company, to offer a full suite of turnkey Bitcoin services to community financial institutions.

Powered by NYDIG, the new offering allows banking customers to buy, sell, and hold bitcoin directly within CSI’s digital banking platform, creating a safe and efficient way for users to manage their digital transactions.

According to a 2021 survey commissioned by NYDIG, 81% of respondents said they’d be interested in purchasing bitcoin from their bank if the service was available. In the same survey, 71% of those responding who already owned the digital asset said they’d switch their primary bank to one that offered Bitcoin-related products and services.

“Bitcoin is one of the fastest growing areas of consumer interest, and we feel strongly about giving customers the ability to safely buy, sell and invest in it,” said Gerald Reiter, president and CEO at Granite Bank, a CSI core banking customer.

NYDIG’s products meet the industry’s highest regulatory, audit, and governance standards, enabling financial institutions to maintain strict compliance programs while enhancing the banking experience for customers.

“Community banks are excited about offering Bitcoin services to their customers, but they also know that they need to provide a secure and compliant environment to maintain the trust that their customers place in them,” said Patrick Sells, NYDIG Chief Innovation Officer. “By partnering with CSI, we can help community banks meet the growing demand for bitcoin while remaining compliant and secure with a seamless customer experience through the CSI digital banking platform.”

The new offering joins CSI’s full suite of digital banking technology that provides a wide range of solutions for financial institutions, including mobile banking, digital account opening, web design and hosting and digital payments.

“At CSI, our top priority is helping our customers remain on the edge of innovation,” said Giovanni Mastronardi, CSI’s group president of Enterprise Banking. “It’s vital that we enable community financial institutions to grow their assets and reach new customers by integrating Bitcoin along with our suite of innovative digital banking products.”

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