Huddlestock Fintech AS (OSE: HUDL) announces
major break-through of signing final agreement and launching its technology with
a large European Fintech Bank.
Huddlestock Fintech AS, leading provider of Capital Market and Wealth Management
technology, has signed a final agreement to provide its solutions to one of the
largest Fintech banks in Europe, headquartered in Germany. The agreement is a
major commercial and technology break-through for Huddlestock and will serve
thousands of investors in the European market. The Fintech Bank has some of the
largest financial institution in Europe as clients, and together with
Huddlestock it will provide the infrastructure for low-cost trading and
investing.
“This is a milestone for the company, and a result of many years of hard work.
Our technology is now in the final stage of onboarding and will be rolled out by
one of the largest players in this industry. We have prepared and built the
foundation to really begin scale and commercialisation. The latest acquisitions,
including Trac Services and F5 IT, will give us the manpower, technology, and
the investment banking license to position ourselves as a major player in the
European financial industry. Hiring of former top executive in BNP Paribas DAB
as our German CEO, Robert Fuchsgruber, is also central to this plan,” says John
E. Skajem, CEO of Huddlestock Group.
With reference to the announcement made 10 December 2020 Large European Fintech,
Huddlestock Fintech is delighted to announce the final signing of a full
white-label contract with a leading European Banking-as-a-Service provider with
headquartered Germany. Together with our client, we will announce their name and
our common strategy and roll out plan in the days to come.
«The Bank´s choice of Huddlestock’s Bedrock solution for the trading of
financial instruments is a major endorsement of our unique SaaS Wealth Tech
trading solutions. I want to thank all our talented colleagues within both
Huddlestock and the bank for their hard work these past months in delivering a
financial trading solution for their end-clients. The addition of securities
brokerage and investment services to their core banking service offering
provides the bank’s clients with the opportunity to embed (regulated) savings
and securities trading accounts in their final client offer, increasing their
product services to their clients, advance their customer loyalty and
retention,” John E. Skajem, Group CEO, Huddlestock Fintech AS.
