By George Colwell on May 26, 2021 1:56:59 PM
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 Programming 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 e-commerce."
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 catalogue 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.