Prodigy and FinConecta team up to accelerate the distribution of Fintech services in Canada, the United States and around the world
TORONTO and MIAMI, May 26, 2021 /CNW/ - Prodigy Ventures Inc. (TSXV: PGV) ("Prodigy" or the "Company") today announced it has signed a new Alliance Agreement with FinConecta (AANDB Tech, Inc.), a global technology company dedicated to accelerating digitization of finance and open banking.
Under the terms of the agreement Prodigy will provide consulting, integration and managed services to enable the rapid deployment of FinConecta's leading-edge API (Application Programing Interface)-based platform. Together, Prodigy and FinConecta will work to accelerate digital transformation and Open Banking, facilitating new use cases and business opportunities for all current and future players in the financial industry.
"Our mission at Prodigy is to deliver Fintech innovation", said Tom Beckerman, Prodigy's Chairman and CEO. "We are excited to partner with FinConecta, and leverage their world-leading platform. We know that there is great demand at our financial institutions and leading enterprises to deliver innovative Fintech solutions to their customers. This Alliance is purpose built to deliver on that promise."
Jorge Ruiz, FinConecta's Founder and CEO commented, "Our best-of-breed platform, combined with Prodigy's proven record of rapid innovation and service delivery to large financial institutions and enterprises, will be a breakthrough in the Fintech space. Together, our Alliance will deliver simple, fast, efficient and scalable solutions that transform financial services and ecommerce."
Prodigy and FinConecta's Alliance will enable financial institutions to accelerate their journey towards testing solutions and running proof of concepts to monetizing APIs and launching new offerings faster. FinConecta's middleware also offers a catalog of curated Fintech companies that provide digital services to financial institutions on a SaaS model and the ability to access multiple solutions through a single integration, 10 times faster.
For Fintechs already operating in Canada and the United States of America or willing to do so, this Alliance offers global exposure to potential clients, a comprehensive sandbox to test products, and a single integration through normalized APIs, giving them access to core banking systems without having to integrate with them individually.
About Prodigy Ventures Inc.
Prodigy delivers Fintech innovation. The Company provides leading edge platforms, including IDVerifact™ for digital identity, and new Fintech platforms for open banking and payments. Our services business, Prodigy Labs™, integrates and customizes our platforms for unique enterprise customer requirements, and provides technology services for digital identity, payments, open banking and digital transformation. Digital transformation services include strategy, architecture, design, project management, agile development, quality engineering and staff augmentation. Prodigy has been recognized as one of Canada's fastest growing companies with multiple awards: Deloitte's Fast 50 Canada and Fast 500 North America (2016, 2017, 2018), Branham 300 (2017, 2018), Growth List (2018, 2019 and 2020), Canada's Top Growing Companies (2019 and 2020).
About FinConecta
FinConecta is a global technology company dedicated to accelerating digitization of finance and open banking. Founded in 2016, headquartered in Miami, and with operations in multiple countries around the world, FinConecta is a FDX Member and AWS Advanced Partner. Learn more at https://finconecta.com.
Forward-Looking and Cautionary Statements
Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward looking statements in this press release include statements regarding the acceleration of digital transformation and Open Banking as well as the facilitation of new business opportunities. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company's Management's Discussion and Analysis for the three months ended March 31, 2021, a copy of which is filed on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Prodigy Ventures Inc.
