TORONTO, July 16, 2021 /CNW/ - Prodigy Ventures Inc. (TSXV: PGV) ("Prodigy" or the "Company") today announced an agreement entered into between its wholly-owned subsidiary, IDVerifact Inc. and IDmission, an industry leader in real-time payment verification and workflow automation.
As part of the agreement, IDVerifact will integrate IDmission's true passive liveness, deduplication, and enhanced biometric Multi-Factor Authentication (MFA), IDmission solutions will add best-in-class identity proofing to IDVerifact. George Colwell, SVP Digital Practices at IDVerifact said, "IDVerifact is proud to add IDmission's identity proofing and identity lifecycle management solutions to our comprehensive suite of digital identity solutions. We are empowering our enterprise clients with leading solutions for improving their customers' experience, detecting fraud, validating identity, ensuring compliance, and assessing risk. IDVerifact's ultimate goal is to provide the leading digital identity and trusted digital asset gateway to deliver use cases ranging from potential fraud detection to complex onboarding and lending. IDmission's solutions provide flexibility to solve multiple identity-related issues and have proven to be a great partner in helping to realize our goals."
Together, IDVerifact and IDmission will help businesses prevent fraud, identify and monitor threats, and enable frictionless customer experiences. IDmission uses a full suite of in-house developed technologies to bring sophisticated biometric solutions to IDVerifact. "At IDmission, we are focused on developing and delivering best-in-class identity-proofing technology" said Ashim Banerjee, CEO of IDmission. "Which is why we're thrilled to bring our identity-proofing technology to the Prodigy Ventures' IDVerifact offering."
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 IDmission, LLC
IDmission is the leading provider of lifecycle identity management solutions, eliminating risk associated with false identities for customers and employees across the globe. By using a full suite of in-house developed technologies, IDmission is able to provide enhanced security solutions with frictionless user experience. Invisible by design, it applies biometric science to create security that doesn't get in the way of doing business.
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. 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.
For further information: PRODIGY VENTURES INC., Andrew Hilton, Chief Financial Officer, [email protected], 416-606-8833; Yana Glushchenko, Marketing and Communications Lead, [email protected], 647-808-5081