NowVertical Group Strengthens its Financial Services Vertical with Renewal of Major South African Bank
02 March 2023 - 11:30PM
NowVertical Group Inc. (
TSX-V: NOW)
(
OTCQB: NOWVF) (“
NOW” or the
“
Company”), the vertical intelligence
(“
VI”) software and solutions company is pleased
to announce it has renewed its contract with one of the oldest of
South Africa's "big four" banks (the “
Customer”)
for a fourth consecutive term. The renewal brings the total
lifetime value of the ongoing engagement above the seven-figure
range and represents the management of more than 1 billion
unstructured data records.
Under the contract, NOW will provide essential
work and technology through its NOW Privacy software solution to
ensure ongoing compliance with the Protection of Personal
Information Act (“POPIA”) of South Africa, manage
and reduce surface attack exposure, and provide efficiencies for
data subject access requests.
With this recent extension, NOW adds to a
quickly growing list of financial services that entrust critical
functions of their industry-specific data processing and management
to it. NOW’s financial services customers include Equifax,
Santander, Western Union, Arrow Global, Grupo Petersen, Banco Macro
and Banco Sol, amongst others.
“We are extremely pleased that another large,
global financial institution has once again entrusted NOW to
provide them with essential data governance software solutions,”
said Daren Trousdell, Chairman and CEO of NOW. “By providing
industry-specific applications of AI technologies and services, we
unlock value for the modern enterprise. Our VI platform provides
mission-critical AI and big data solutions for our global financial
customers to meet and exceed regulatory compliance, track data
access, reduce risk and retain customers.”
About NowVertical Group
Inc.
NowVertical Group is the vertical intelligence
(VI) software and solutions company that helps organizations
confidently make bold decisions. NOW's proprietary VI solutions,
organized by industry vertical, are built upon a foundational set
of data technologies that fuse, secure, and mobilize data in a
transformative and compliant way. The NOW product suite enables the
creation of high-value VI capabilities that are predictive and
drive automation specific to each industry vertical. The company
was founded in 2018 and is rapidly growing organically and through
targeted acquisitions. For more information about NOW, visit
www.nowvertical.com.
Neither the 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.
Follow us on Twitter and LinkedIn,
For further information, please contact: Daren
Trousdell, Chief Executive Officere: daren@nowvertical.comt: (212)
302-0868
Glen Nelson, Investor Relationse: glen@nowvertical.comt: (403)
763-9797
NowVertical (TSXV:NOW)
Historical Stock Chart
From Dec 2024 to Jan 2025
NowVertical (TSXV:NOW)
Historical Stock Chart
From Jan 2024 to Jan 2025