TORONTO, Aug. 16, 2021 /CNW/ - Prodigy Ventures Inc.
(TSXV: PGV) ("Prodigy" or the "Company") today announced an
agreement between its wholly-owned subsidiary, IDVerifact Inc. and
Datex, to integrate Datex' patented breakthrough cybersecurity
solution, DataStealth, to the IDVerifact Inc. platform.
"At IDVerifact, our goal is to produce the most comprehensive
platform of digital identity and trusted digital asset solutions
for our enterprise clients," says George
Colwell, SVP Digital Practices at IDVerifact, "The
protection of client data, whether personally identifiable
information or payment card information during any process is key
to ensuring that our clients cannot only collect the sensitive data
they need to support business processes related to onboarding and
risk evaluation, but also that they can store and manage that
sensitive data securely and in compliance with existing and yet to
be defined regulations. Our partnership with Datex provides the
IDVerifact platform with DataStealth, a powerful tool in preventing
data breaches by preventing unauthorized users and intruders from
accessing and stealing sensitive data. The best part is that
DataStealth can provide this level of protection without the need
for any of our software to be rewritten or modified, and without
the need to make any changes to existing user interaction or
business processes. We are very excited to add DataStealth to
the IDVerifact platform."
As breaches become more common and compliance regulations become
more rigorous, organizations are facing increased pressure around
privacy and data security. While simple to deploy, the innovative
and robust DataStealth solution alleviates these pressures by
securing sensitive information from within an organization's IT
environment, eliminating the impact caused by data breaches.
"For organizations dealing with strict privacy, compliance,
residency and regulatory requirements, DataStealth has proven to be
an extremely innovative, powerful, flexible and scalable solution
that is both quick and inexpensive to deploy. IDVerifact,
delivering a complete suite of digital identity solutions, is the
perfect partner for Datex as we are completely aligned in our
thinking when it comes to securing sensitive data and documents."
says Ed Leavens, CEO of Datex. "We
are delighted to have DataStealth integrated into the already
powerful IDVerifact platform."
To learn more, visit our
websites, https://prodigy.ventures/ and
https://idverifact.com/.
About Datex
Datex Inc., a technology company based just outside of
Toronto, Canada, develops software
solutions that address complex business problems. DataStealth,
Datex' flagship cybersecurity solution, is a patented breakthrough
in cybersecurity software. With DataStealth, any
organization, whether engaged in finance, insurance, healthcare,
government, technology, retail, manufacturing, or any other
industry, finally has the cybersecurity tools needed to truly
safeguard any type of sensitive data. DataStealth enables
organizations to prevent the serious consequences of data breaches
and ensure legal, privacy, and regulatory compliance.
For more information about Datex and DataStealth, please
visit https://www.datex.ca
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 Prodigy Ventures Inc.
Prodigy delivers Fintech innovation. The Company provides
leading edge platforms, including IDVerifact™ for digital identity,
and tunl.™ for open banking and customer chat support, coupled with
seamless integration of our partners best-of-breed Fintech
platforms. Our services business, Prodigy Labs™, integrates and
customizes our platforms for unique enterprise customer
requirements, and provides technology services for digital
identity, open banking, payments 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.
For more information on…
Prodigy Ventures visit https://Prodigy.Ventures
Prodigy Labs visit
https://ProdigyLabs.net
IDVerifact visit
https://IDVerifact.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. 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.
