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."
To learn more, visit our websites,
https://prodigy.ventures/ and
https://idverifact.com/.
To learn more about IDmission, visit
https://www.idmission.com/en/home.
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.