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    HUDL ME   NO0010859648


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Huddlestock Fintech : expert fintech consultancy Visigon to deliver and host a full suite of treasury management services for EKF

09/17/2021 | 03:43am EDT

HUDDLESTOCK FINTECH AS (HUDL) - Huddlestock's expert fintech consultancy Visigon
to deliver and host a full suite of treasury management services for EKF

(Stavanger, NORWAY - 17 September 2021) Huddlestock Fintech AS (HUDL, OSE:
HUDL), through its leading fintech technology consultancy Visigon, and in
partnership with Adenza (formerly known as Calypso), has entered into a
collaboration with EKF, Denmark's Export Credit Agency to deliver and host a
full suite of treasury management services. 

In close collaboration with Adenza, Huddlestock's expert fintech consultancy
Visigon won the tender to implement a cross-asset, front-to-back and fully
integrated treasury platform based on Adenza's Calypso for the Danish Export
Credit Agency, EKF. EKF is now fully live with its new treasury solution after
the last project delivery in the beginning of June 2021.

Since winning the tender, after an extensive EU public tender process in 2020,
Visigon has delivered the full implementation project by providing strategic
planning, project management and expert business- and technical consulting,
assuring seamless implementation of Adenza's Calypso treasury solution and
tailoring to EKF's specific needs. Going forward, Visigon will be managing and
supporting the treasury solution for EKF, hosted in Visigon's cloud service.
The platform provides EKF with real-time information on critical banking and
trading activities to make informed decisions about funding, liquidity and risk
management across asset classes, including FX, FXD, MM, Interest Rate
Derivatives (IRD) and Fixed Income. The system enables EKF to optimize their
balance sheet, automate workflows and realize operational efficiencies.  

"Adenza and Visigon, in close corporation with EKF, delivered on the ambitious
timelines that were set last year, with implementation in eight months. Adenza's
Calypso Treasury solution has an adaptable architecture, giving EKF the
possibility to manage the portfolio of structured loans, swaps, funding etc. for
Treasury and risk management purposes," says Maria Linkhorst, Head of Treasury,

"We were delighted to see Visigon deliver on-time Adenza's Calypso Treasury
solution for EKF. This has helped achieve unprecedented visibility, automation
and control in a unified treasury environment. The tight timelines were met due
to a strong collaboration between teams across Adenza, Visigon and EKF. Our
long-term relationship with Visigon was vital to this successful implementation
in record time" says Philippe Carré, Global Head Strategic Alliances, Adenza

"Visigon adds more than 25 highly qualified fintech consultants and in-house
technology solutions to Huddlestock. Winning the competitive and open-tender to
deliver and host a full suite of treasury management services for EKF, confirms
Visigon's strong footprint in consulting, strategic planning, pre- and
post-implementation of cutting-edge technology solutions transforming the
financial services industry. We are delighted to be working with Adenza and see
strong synergies from implementing their Calypso treasury systems, alongside
Huddlestock's WealthTech and Capital Markets solutions, Apex and Bedrock," says
John E. Skajem, CEO Huddlestock Fintech AS

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act. 

For questions, please contact investor relations.

To see all press and investor releases please have a look in the investor
relations section of our corporate website


John E. Skajem, CEO, +47 418 87 412, jes@huddlestock.com 
Cecilia Luras, Director of Strategy & IR, +44 75 0090 5131, col@huddlestock.com 

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 and implements 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 wealthtech 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 developed two technology solutions, 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.  

Through its world-class expert consultancy Visigon, Huddlestock delivers
strategic technology solutions and process automation for the financial services
industry. Founded in 2010, Visigon has grown into becoming the preferred
supplier of financial consultancy services and technology providers in the
Nordic region.  Visigon became part of the Huddlestock Fintech family in 2021.

Huddlestock Fintech has offices in Oslo, Stavanger, Copenhagen, Stockholm,
Munich and Kuala Lumpur.
For more information, please visit www.huddlestock.com and www.visigon.com.

About EKF
EKF is Denmark's Export Credit Agency, based in Copenhagen. EKF creates growth
and prosperity in Denmark by helping Danish companies reach beyond national
borders. We make it easier for companies to win orders, we finance growth plans
and we minimise the risk of doing business in distant markets. www.ekf.dk/en

About Adenza
Adenza provides customers with end-to-end, trading, treasury, risk management
and regulatory compliance platforms which can be delivered on-premise or
on-cloud. Adenza enables financial institutions to consolidate and streamline
their operations with front-to-back solutions integrated with data management
and reporting, benefitting from a single source of truth across the business.

With headquarters in London and New York, Adenza has more than 60,000 users
across the world's largest financial institutions spanning global and regional
banks, broker dealers, insurers, asset managers, pension funds, hedge funds,
central banks, stock exchanges and clearing houses, securities services
providers and corporates.

Media Contacts: Herve de Laforcade, Global Head of Marketing, Adenza
Email: herve_delaforcade@calypso.com

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Sales 2021 23,0 M 2,76 M 2,76 M
Net income 2021 -4,00 M -0,48 M -0,48 M
Net cash 2021 60,0 M 7,21 M 7,21 M
P/E ratio 2021 -97,3x
Yield 2021 -
Capitalization 348 M 41,7 M 41,9 M
EV / Sales 2021 12,5x
EV / Sales 2022 3,49x
Nbr of Employees -
Free-Float 58,6%
Duration : Period :
Huddlestock Fintech AS Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 2,92 NOK
Average target price 8,00 NOK
Spread / Average Target 174%
EPS Revisions
Managers and Directors
John Egil Skajem Chief Executive Officer
Oyvind Hovland Chairman
Murshid Mikael Ali Director
Per Øyvind Berge Director
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