Huddlestock Fintech AS : (HUDL) - Bedrock and Apex launched on Qinfen by BNP.

Huddlestock Fintech AS (HUDL) - Bedrock and Apex launched on Qinfen by BNP.
 
Oslo, Norway, 21 January 2021 - Huddlestock launched its private label version
of the Huddlestock Apex asset management solution on 20 January 2021 during a
Webcast organized by BNP Paribas for that purpose. The private label Apex
solution now allows all of BNP Paribas' asset managers to start taking advantage
of the end-to-end solution and the digitalized process which Huddlestock and BNP
Paribas are offering through the Apex/Qinfen platform. Once Qinfen marketing
starts, asset- and wealth-managers now onboarding can publish on the joint
platform with just one click.

"We have eagerly awaited the launch of our technology on the BNP platforms, and
now we are finally there. Our next task is to work efficiently over the coming
weeks and months onboarding the clients who has signed up. It is satisfactory
that our technology now is live in the market", says Huddlestock Fintech's CEO
John E. Skajem. 

Huddlestock also officially launched its Bedrock API solution during the
webinar. Bedrock provides the connectivity between the Apex platform and any
other platform that securities business clients of BNP Paribas in Germany want
to build. Clients of BNP can now connect and run their custom offerings taking
advantage of a market leading all-in-one API solution that connects them to the
processing power of BNP. Companies building their proprietary offerings on
Bedrock also get immediate access to the pricing discounts negotiated by
Huddlestock with BNP, based on the expected volume this solution will process
going forward. This allows qualified entities to integrate zero commission
brokerage into any of their securities trading offerings with speed and ease.
Huddlestock also offers regulatory umbrellas for qualified, but currently not
regulated entities that want to take advance of Bedrock.
 
More than 90 participants followed the launch of Apex and Bedrock. This is more
than twice the average number of participants at previous similar events. Over
the next weeks and months, Huddlestock will start onboarding corporate clients
onto the systems, and disclose further details of the respective relationships
as permitted by the respective agreements.
 
Yesterday the Bavarian Stock Exchange (GETTEX), a leading platform for low
cost-efficient trading, in parallel issued a press release on their
collaboration with Huddlestock through Baader Bank. A link to the press release
can be found here: https://bit.ly/2M7Oy7c. 

Baader and BNP together are the pre-eminent providers for German independent
asset managers and low-cost brokers, the designated client groups targeted by
Apex and Bedrock. 


Contact person:
John E. Skajem, CEO
[phone]
[e-mail] 

About Huddlestock Fintech:
Huddlestock Fintech AS was listed on Euronext Growth Market 26. November 2020,
as Norway's first fintech company to be publicly traded. Huddlestock Fintech is
a company that develops unique software as a service-solutions for digitizing
work processes for custody banks, asset managers and trading venues. The open,
compliance-optimized and data centric platform allows our customers to offer a
differentiated real-time product that reduces cost and increases efficiency.
Huddlestock Fintech's technology enables end-to-end digital services such as
onboarding, client communication, reporting, order execution and portfolio
management, all executed on the same platform.
Huddlestock has two main products: Apex (Custody) and Bedrock (Connectivity).
Apex is a software as a service-solution that links custody services with asset
managers and individual investors. Bedrock provides a white label solution that
is primarily a product for financial services firms wanting to add low
cost-efficient trading and investing services to their client web and app
offerings.

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