Saturday, April 1, 2023
News
NEWS HOME
»
PRN INDIA
UST Acquires Prodigy Labs, Enhancing its Ability to Drive Digital Transformation in the Financial Sector in Canada
  SocialTwist Tell-a-Friend  
   

Addition of enhanced end-to-end financial solutions further strengthens UST's comprehensive portfolio of services

TORONTO and BENGALURU, India, Jan. 31, 2023 /PRNewswire/ -- UST,  a leading digital transformation solutions company, has acquired TCB Corporation, a Canadian technology service company that operates under the name of Prodigy Labs,  as part of a deal with Prodigy Ventures Inc. (TSXV: PGV)  that will be worth up to CAD12.5 million. A leading provider of innovative technology solutions, Prodigy Labs plays an active role helping financial services firm drive comprehensive digital transformation campaigns. The acquisition significantly strengthens UST's position in the financial services sector.

UST Logo

This latest strategic move aligns with UST's focus on delivering modern solutions that help financial institutions accelerate their digital transformation. The acquisition of Prodigy Labs will allow UST to develop solutions that make it easier for financial institutions to fully participate in the rapidly expanding financial services landscape. In addition to further strengthening the company's digital transformation capabilities in the financial services sector, the acquisition expands UST's presence in the Canadian market.

"The Canadian financial sector is evolving in a number of exciting ways, and the acquisition of Prodigy Labs will position UST for long term success in a growing market. Adding the cutting-edge solutions developed by Prodigy Labs will enhance UST's services portfolio, improving our ability to deliver end-to-end digital transformation in the financial services industry," said Mehmet Pasa, General Manager for Banking and Payments, UST.

"With the acquisition of Prodigy Labs, UST is adding additional strength and capability to its practice of delivering end-to-end digital transformation in the financial services industry. UST is ready for the future and is also ready to help move financial institutions into a modern digital framework for the delivery of a first-class customer and member experience. This strategic acquisition positions us for success in the Canadian financial services market, a key vertical for UST, enhancing our ability to meet demand in this dynamic sector while also providing near shore support to serve the US market," said Sunil Kanchi, Chief Information Officer and Chief Investment Officer, UST.

"Prodigy Labs has played an active role in modernizing service delivery, and strengthening Prodigy Labs' relationship with UST will empower its team to keep delivering these critical services to its devoted client base. I am excited that Prodigy Labs will continue its growth as a UST company, building on its financial strength and broad global portfolio of products, services and resources," said Tom Beckerman, Founder, Chairman & CEO, Prodigy  Ventures.

UST is committed to enhancing its competitiveness by collaborating with leading organizations advancing groundbreaking digital transformation solutions that simplify operations for clients and internal stakeholders alike.

About UST

For more than 23 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at  www.UST.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. Prodigy has been recognized as one of Canada's fastest growing companies with multiple awards.

Media Contacts, UST:
Tinu Cherian Abraham
+1 (949) 415-9857

Merrick Laravea
+1 (949) 416-6212

Neha Misri
+91-9284726602
media.relations@ust.com

Media Contacts, U.S.:
S&C PR
+1-646.941.9139
media@scprgroup.com

Makovsky
ust@makovsky.com

Media Contacts, Australia:

Team Lewis
ust@teamlewis.com  

Media Contacts, U.K.:
FTI Consulting
UST@fticonsulting.com

Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg

Cision View original content:https://www.prnewswire.com/in/news-releases/ust-acquires-prodigy-labs-enhancing-its-ability-to-drive-digital-transformation-in-the-financial-sector-in-canada-301734289.html

More News by PR Newswire India

CGTN: 50 years on, China, Spain have profound friendship, achieve common prosperity

CGTN: China, Singapore upgrade relations for higher-quality cooperation

The INX Digital Company Reports Q4 2022 Update and Annual Financial Results

Venturi Astrolab's FLEX rover to launch to the Moon on an upcoming SpaceX mission

GS1 UK appoints Syndigo to enhance productDNA data management and sharing service

Stratasys announces channel partnership with Adroitec Information Systems Pvt. Ltd.

Roll1ng Thund3rz launches WEB3WAR - a blockchain-secured first-person shooter

Taiwan's President Visits U.S., Central America: TaiwanPlus Coverage to Feature Exclusive Interviews

Polaris® Cuts the Cord

Appointment of Independent Director on the Board of Azure Power Global Limited

Zones Expands IT Service Delivery Footprint in India

HarperCollins Publisher Launches 'Swayam ki Awaaz: How to Find Peace in a Noisy World' by World-renowned Educator and Bestselling Author Prem Rawat

Tianlong Announces Global Release of GeneFlex Nucleic Acid Extractor and Gentier mini+ Real-time PCR System

Chandigarh University makes a stellar debut in 5 Subjects in QS World University Subject Rankings 2023

Howzat rolls out its Indian T20 campaign 'The Grand Winnings Playground' with prizes worth â‚ą600 crores

ANUJA CHAUHAN IS BACK WITH A THRILLING NEW WHODUNNIT, A SEQUEL TO THE SOON-TO-BE-A-MOVIE MURDER MYSTERY, CLUB YOU TO DEATH, FEATURING THE BELOVED DETECTIVE, ACP BHAVANI SINGH

Xiaomi Presents its Customer Success Solutions with Xapads at the Game Developers Conference

Flamingo Transworld Takes User Experience to New Heights With A Website Makeover

CGTN: China's certainty is a mainstay of world peace, development: premier

ACCEPTANCE PERIOD EXTENDED PENDING INDIAN COMPETITION CLEARANCE UNTIL NO LATER THAN 12 MAY 2023

Koo Promises Lifetime Free Verification for all Notable Personalities

Team of Doctors at Sahyadri Hospital perform 'Zero contrast angioplasty' - a boon to kidney patients

nStore announces its Partnership with Monginis

WIZ.AI launches TalkGPT, ASEAN's first ChatGPT-powered customer engagement solution for business

MIT Technology Review Insights' Green Future Index 2023 third annual ranking sees progress wavering as atmospheric carbon levels soar

NADclinic Group, BioStarks and Do Not Age Announce Exclusive Partnership to Revolutionise Personalised Longevity

ViewSonic Targets to Double its Monitors Business for Hybrid Workspace

Croma-Pharma: Further strengthening its portfolio with PhilArt biostimulators

Arctech Harvests Largest Solar Project in Azerbaijan

UNDER ARMOUR AND STEPHEN CURRY ENTER LONG-TERM PARTNERSHIP

GC Creates Innovation For a Better Quality of Life for the World, Using High-quality Recycled Plastic Resins of Food Grade Level Guaranteed Safe by FDA

Sung Hwan Cho of Hyundai Mobis at the 44th Vienna International Motor Symposium

Huawei and bKash Strengthen Partnership to Deepen Financial Inclusion in Bangladesh to Support the SDGs

Pexpo launches sustainable water bottles, commits to 'Health on the Go'

Inside the Action: A Toshiba TV Offering to Gamers

HistoSonics Announces First Ever Kidney Tumor Treatment Using Histotripsy

Lacework Celebrates Inspiring "Secured by Women" Leaders

IMG Travel Outlook Survey Predicts Continued Surge of International Travel in 2023

LEVI'S® EXPANDS RETAIL FOOTPRINT IN ASIA, ANNOUNCES OPENING OF REGION'S LARGEST STORE IN BENGALURU, INDIA

48-year old doctor from Islampur undergoes three surgeries in a single setting

Onfido Applauded by Frost & Sullivan for Enhancing Identity Verification and Customer Experience with Its Robust Digital Identity Verification Platform

Pixalate Releases February 2023 Mobile Device Global Market Share Report: Apple iPhone Reaches 72% North American Programmatic Advertising Market

PartnerOne Completes the Acquisition of Stromasys

PacketFabric and Unitas Global Complete Merger

Results Revealed: 2022 PHBS-CJBS Global Pitch Competition Held in Shenzhen

MYEG Signs Agreement with China Customs for Cross-Border Trade Connectivity on Zetrix Blockchain Platform

Upgrade Skills with Mediflick's Effective and Affordable Medical Courses

Industry players call for a 'non-stop' approach to Africa's banking digitisation

BitKeep Rebrands As Bitget Wallet After Acquisition

Timex Becomes the Official Timekeeper of Gujarat Titans

TCL Takes the Top 2 TV Brand Spot Globally by Making Mini LED Technology Accessible to Millions

BasaltCoin: One of the Most Promising Projects Successfully Launched on March 26, 2023

BAE Systems and Heart Aerospace to collaborate on battery for electric airplane

ID Tech partners with MCD to Provide Complete Traceability, Transparency and Visibility for Solid Waste Management and remediation of waste dumps in Delhi

Hexaware Named Among The Economic Times Best Organisations for Women 2023

ECOVACS Group celebrates 25 Years with industry-leading innovations

CGI is Great Place to Work-certified™ in India

This Summer, Platinum Guild International (PGI) India, offers a stunning collection of platinum jewellery by PLATINUM EVARA

Black & White Ginger Ale by Diageo Sets Up A 'Table for Everyone' - Encourages Varied Perspectives, Fosters Inclusion, Ignites Meaningful Conversations

Dow Launches New Digital Coatings Formulation Platform: Paint Vision

Vymo recognized in the 2023 Gartner® Market Guide for Sales Engagement Applications

CDNetworks and VSTV K+ Partner to Elevate the Experience of Premium OTT Services in Vietnam

Zimmer Biomet's ROSA HIP with ONE Planner Hip Awarded Orthopaedic Product Innovation of the Year by Healthcare Asia Medtech Awards 2023

Prime Focus Technologies launches CLEAR® AI Reframe and enhances CLEAR® AI Discover with Chat GPT

Axi extends multi-year partnership deal with Man City

Hevo Data Strengthens Data Integration Offering with Google Cloud Ready - BigQuery Designation

ProWein 2023: Wine of Moldova Commits to Go Sustainable

Adriel to Power AdOps Marketing Solution for LG Electronics

Tony Robbins To Close the Global PRIORITY Summit Held by FII Institute

Continuous evolution key to successful organizational transformation, says MIT Technology Review Insights report

AlgoKit Introduces Web2 Developer Experience for Building Web3 Applications on Algorand

Neo4j and Google Cloud Extend Strategic Partnership With New Native Integration to Google Cloud's BigQuery Cloud Data Warehouse

Starburst Achieves Google Cloud Ready - BigQuery Designation

IMA Student Leadership Conference in New Delhi Focuses on Engaging Gen Z on the Future of Finance

TO CELEBRATE THIS SUMMER WEDDING SEASON, PLATINUM GUILD INTERNATIONAL (PGI), INDIA, OFFERS STUNNING PLATINUM LOVE BANDS BY PLATINUM DAYS OF LOVE

Sai Life Sciences and NIIT Foundation partner to create livelihood opportunities for underserved communities in Hyderabad

This summer, Platinum Guild International (PGI), India launches an exclusive collection of statement pieces from Men of Platinum

Accops recognized in the 2023 Gartner® Market Guide for Desktop as a Service

BitKeep 2023 Roadmap Reveals Its Plan to Rebrand as Bitget Wallet and Strengthen Security

The Passport Index points to declining fortunes for Asian superpowers India and China

Great Place To Work India and HDFC ERGO come together to drive the movement of 'Making India a Healthy Place to Work For All'

NetEase announces "Lord of the Rings" Game Fanfiction Contest

Shoolini Engineering Earns High SCImago Rankings

Advertising legend Raj Kamble is the only Indian Nominee at Campaign's Global Agency of the Year Awards 2023 list

MIT Technology Review Examines the Emergent Industrial Metaverse with Siemens AG

BRITISH VIRGIN ISLANDS COMPANIES SUPPORT 2.3M JOBS AND GENERATE US$14BN IN TAX REVENUES GLOBALLY

Teleperformance launches its futuristic new site in Hyderabad

A Resolution through Farmer's Training on the Water Crisis Management in Agrarian India

E Ink Teams up with Indian Tech OEM SuperUs to Drive Localization in India

Valuebound Attains AWS Advanced Consulting Partner Status, Offering Expert Cloud Migration Services

SafeHouse Tech launches SafetyScore to assess user's safety online

Mentoria Partners with Governments and Foundations to Make India #CareerReady

People in Asia seek to extend health span for longer, healthier retirement, Manulife survey shows

Omdia: Samsung leads while BOE increases small medium AMOLED shipment market share in 2022

BMO Recommends Shareholders Reject TRC Capital's Below-Market "Mini-Tender" Offer

APPTIO INDIA LLP Is Great Place to Work Certified for Second Year

BETT 2023: ViewSonic to Debut Expanded EdTech Solutions Across UNIVERSE Virtual Campus and myViewBoard Ecosystem

LE DU IN BANGKOK CLAIMS NO.1 SPOT AT ASIA'S 50 BEST RESTAURANTS 2023

MNCs View CIIE as Launch Pad into Chinese Market

Kivu Consulting, Inc. announces strategic partnership with Microsoft

Argentina's Minister of Economy Sergio Tomás Massa and Top Silicon Valley Investors Marc Andreessen and Ben Horowitz to Speak at PRIORITY, Powered by FII Institute

Kixx Aims to Become Top Lubricant Brand Around the World, Highlighting Its Advanced Industrial Lubricants

Movable Ink Launches New Mobile Suite to Help Brands Worldwide Better Engage Customers on Their Channel of Choice

BIMINI HEALTH TECH ACQUIRES EXCLUSIVE LICENSE TO ACELLULAR DERMAL MATRIX PRODUCT PORTFOLIO

VCTI Announces Appointment of Scott Widham to Board of Directors

Lacework Marries its Global Partner Ecosystem with the Cloud Security Needs of Customers

Sennheiser Profile USB microphone provides ease of use and best-in-class audio

IBM Brings Generative AI Commentary and Hole-by-Hole Player Predictions to the Masters Digital Experience

Kohler Presents 'The Creator's Journey' at Milan Design Week

Omega Seiki Mobility (OSM) partners with cKers Finance to provide retail finance for electric three wheelers

AV-Comparatives awarded best-performing IT security software at Hasegg Castle / Royal Mint in Hall, Tyrol

Colgate-Palmolive promotes 'Innovation in Oral Health' in association with Indian Dental Association

Allstate India Named One of India's 40 Best Workplaces in Health and Wellness 2022 by Great Place to Work® Institute

Yokogawa Releases OpreX Asset Health Insights with Enhanced Functionality and Alibaba Cloud Support

STL's optical products testing labs rated highest on stringent quality standards set by NABL and TEC

2023 Africa Wealth Report Reveals 'Big 5' Host 56% of Continent's Millionaires

Scharf Investments Global Equity Strategy Awarded Mandate from a Key Nordic Pension Fund

Medanta Gurugram recognized as the Best Private Hospital in India Fourth Time in a Row

Hexaware's Vikash Jain Honored at ASSOCHAM Vibrant Bharat CFO Summit & Awards and CFO100 2023 Programme for Outstanding Financial Leadership

VdoCipher Video Player Powers 3,000+ Platforms across 120+ Countries

UST's CSR Initiatives Recognised at 2023 KMA Awards

Amway Applauded by Frost & Sullivan for Capitalizing on Innovative Competitive Strategies to Drive Differentiation in Its Home Water Treatment Solution in APAC

Colliers expands capital markets & investment business across asset classes

PR Newswire Sees 7% Growth in Asia-Pacific Release Distribution

QSnatch infections are the leading cause of malicious DNS traffic in Asia Pacific, according to latest findings by Akamai

KPG Roofings Opens Its First roof tile Showroom in Hyderabad and 40th showroom in India

Otr Elkalam: In the world's largest religious competition - A Saudi Opera Singer Eliminates a Voice Coach

The Organizing Committee of Memorial Ceremony to Ancestor Huang Di in his Native Place Held its Press Conference in Beijing

Aramco to expand presence in China by acquiring 10% stake in Rongsheng Petrochemical

BNI® TO HELP ITS MEMBERS DOUBLE VALUE OF THEIR BUSINESS

Syndigo Announces Additional Generative AI Capabilities to its Client Platform

2026 All-Time High in Store for Global 300mm Semiconductor Fab Capacity After 2023 Slowdown, SEMI Reports

Tata Communications brings JAMVEE™ - an integrated, simplified cloud-based calling solution for global enterprises

38th Annual World Petrochemical Conference: Wanhua Chemical Shares Inspiring and Insightful Practice on Sustainability in Petrochemical Industry

CONNECTING BUYERS, SELLERS TO $1 TRILLION M&A MARKET WITH NEW DEAL DISCOVERY SaaS SOLUTION

Shipping industry can save $50 bn through four enablers of operational efficiency

LyondellBasell and EEW sign LOI for potential advanced waste sorting

Armis Achieves U.S. Department of Defense Impact Level 4 Authorization

The Second International Forum on "Democracy: The Shared Human Values" kicked off in Beijing

Bitget Becomes the First Centralized Exchange to Offer Financial Transparency Through Space and Time

Forever New Launches Exquisite SS23 Collection Featuring Pooja Hegde

Transparent & good governance, inclusive Growth and opportunities for all mark the emergence of New India under the leadership of PM Narendra Modi says Union MoS Rajeev Chandrasekhar

Inkspell set to organize the Video Media (vIdea) Awards & Summit 2023 on 27th April

Indian Low-voltage Switchgear Market Witnesses Surge Due to Pent-up Demand and an Increase in the Average Price

Aramco JV HAPCO to commence construction of major refinery and petrochemical complex in China

GCL System Integration Brings N-Type Innovation TOPCon and Latest BIPV Products to PV EXPO 2023

Aditi Mittal, Director at IndiaBonds and A. K. Group wins Times 40 Under 40 Award

Beamery Announces TalentGPT, the World's First Generative AI for HR

Appian appoints Douglas Coleman as Head of Mexico

Measure the Impact of Mantras on the Brain with the Sadhana app

International Aluminium Institute launches Aluminium Forward 2030 Coalition

Bharat KYC secures 'Fastest eKYC' and QuantPower bags 'Best Algo Trading Platform' Award from NITI Ayog Advisor & Bollywood Diva Bhagyashree

Transcoding and Content Security Workflow Simplified: INKA Entworks's PallyCon and Dolby Hybrik Join Hands for an Integrated Solution

ESG practices towards transformative change for a more sustainable world

Making Open Source Truly Open

The 3rd Conference of Great Business Partners to be held in Shandong

New Cryptocurrency BASALTCOIN set to Launch with a Mission to Revolutionize the Greentech Industry

CGTN: How China keeps its promise to build a community of common health for mankind

CGTN: Analysis: China's economic resilience boosts global recovery prospects

YourStory's TechSparks makes thundering debut in Mumbai: A two-day gala featuring India's top entrepreneurs, investors, innovators, and more

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
'Congress will keep questioning Modi-Ada...
4.0 magnitude earthquake hits Andaman an...
Bihar announces subsidy of Rs 13,114 cro...
US Consulate, USAID fund beauty salon ru...
14 injured after two groups clash in Bih...
Kerala: Customs seize gold worth Rs 2 cr...
More...    
 
 Top Stories
PM Modi lauds HAL for record revenu... 
Mother's perseverance pays off: Son... 
IPL 2023: Kolkata Knight Riders win... 
StockGro CTO, Madhusudan K felicita... 
Coffee & More launches revoluti... 
Farmers of Pema Gatshel district of... 
US weapons left behind in Afghanist... 
Interest rate on small savings sche...