TORONTO,
July 22, 2021 /CNW/ -
Prodigy Ventures Inc. (TSXV: PGV) ("Prodigy" or the "Company")
today announced an agreement entered in between its wholly-owned
subsidiary, IDVerifact Inc. and Railz, the leading Accounting
Data-as-a-Service™ platform that provides a single
connection to major accounting service providers.
As part of the agreement, IDVerifact will integrate Railz
real-time accounting data into the IDVerifact platform through a
single API key. "At IDVerifact our goal is to produce the most
comprehensive platform of digital identity and trusted digital
asset solutions to our enterprise clients. Railz is leading in the
delivery of Accounting Data-as-a-Service™ and provides
IDVerifact with a unique source of digital assets providing a clear
view of a company's cash flow and, more importantly, easily
including those insights directly into a digital process.
IDVerifact includes accounting data as a service as part of our
risk pillar for small and medium enterprises and we are excited to
count Railz as a partner, helping us build out our ever-growing
list of unique digital assets in this space." said George Colwell, SVP Digital Practices at
IDVerifact.
The Railz platform helps companies drive deeper and more
impactful relationships with their small-medium business (SMB)
customers. "With IDVerifact and Railz, financial institutions can
integrate with our data-as-a-service platform and have the combined
trust of leading digital identity providers to mitigate risk,
fraud, and more in their data analysis." Says Sohaib Zahid, co-founder and CEO of Railz, the
"IDVerifact and Railz combined technology services offer an
exciting yet secure digital transformation for financial
institutions."
To learn more, visit our
websites, https://prodigy.ventures/ and
https://idverifact.com/.
To learn more about Railz and the services it provides, visit:
https://www.Railz.ai/index.html
About IDVerifact Inc.
A Prodigy venture, IDVerifact provides the ability to combine
and access a complete suite of leading digital identity providers
to meet any business use case. With IDVerifact, organizations stay
ahead of fraud, quickly identify risk, and ensure compliance while
optimizing their ability to grow revenues and improve client
experiences with digital transactions. Providing solutions for
identity proofing, KYC, AML, zero proofing and risk proof
management. Visit us at https://idverifact.com/
About Railz
Railz is building the largest financial data network to
empower financial institutions to make sense of accounting data
across multiple platforms. Railz is the only financial
data-as-a-service solution that connects, normalizes, and analyzes
financial data from top accounting service providers. We do this to
make financing decisions faster, better, and easier for financial
institutions and their commercial and small-medium business (SMB)
customers. Out of Toronto, Canada
our fintech company recently raised our Series A to scale our
Accounting Data-as-a-Service™ platform.
Follow our growth on the Railz website.
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), and Canada's Top Growing Companies (2019 and
2020).
For more information on Prodigy Ventures visit
https://prodigy.ventures
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 anticipated benefits and timing of
the integration of Railz into the IDVerifact platform.
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.