Huddlestock wins a long term contract with Northern European Central Bank

25 Nov 2022 09:01 CET

PRESS RELEASE

(Stavanger, NORWAY – 25 November 2022) Huddlestock Fintech AS (OSE: HUDL) wins
significant contract with a Northern European Central Bank.

In a highly competitive public tender offer, Huddlestock’s leading professional
services teams have won two four-year Consultancy Framework Agreements with a
Northern European central bank, at the estimated value of DKK 12,960,000
(approximately EUR 1,741,600) excluding VAT.

“We are delighted to work with the central bank on all Calypso related matters
as they implement Calypso solutions across the bank. The long duration of the
mandate is a strong validation of our expert consultants’ deep understanding of
Calypso, the trust they place in our colleagues’ business and technical skills,
and a fantastic recognition of our long-standing working relationship with the
central bank,” says Petter Midtsian, CEO Visigon Consulting, a Huddlestock
Company.

To deliver on its mandate, ensuring stable prices, safe payments, and a stable
financial system, the central bank has chosen to implement the latest version of
Calypso’s front-to-back portfolio management system across all asset classes.

Huddlestock’s expert consultants have been mandated by the central bank to
deliver continuous expert front-to-back business analysis of the Calypso system,
solve complex business-related problems (within the Calypso system), and
collaborate with internal business experts, as well as Calypso technical
analyst. Visigon will further deliver Technical Analysts with senior Java
development skills for front, middle and back-office solutions within the
Calypso system and business knowledge on the front-to-back area.

“Awarding our colleagues within our consulting division with a further mandate,
is fantastic recognition of the technical and business analytical work we are
doing and have done for the Northern European central bank in the past years.
It confirms the strength of our partnership with Adenza as its premier reseller
and expert consultants in the Nordic region. We are extremely proud of our team
of expert consultants within Visigon and their continuous delivery to the very
highest industry standards for our customers,” says John E. Skajem, CEO
Huddlestock


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

To see all press and investor releases please have a look in the investor
relations section of our corporate website
www.huddlestock.com/investor-relations

For further information, please contact:

CONTACTS:

John E. Skajem, CEO, +47 418 87 412, jes@huddlestock.com

About Huddlestock Fintech:

Huddlestock Fintech is an innovative technology software provider with a leading
expert professional services business. We deliver innovative and sustainable
technology solutions to the capital markets, treasury and wealth management
industries.

Through its technology offering, Huddlestock offers an innovative, compliant,
and data-centric WealthTech SaaS, accelerating the digital transformation, and
trends of hyper-personalization and on-demand banking within the wealth
management industry. Huddlestock’s SaaS empowers the embedding of low-cost,
efficient white-label trading and investment services, underpinning
Huddlestock’s mission of delivering financial inclusion by democratizing access
to capital markets.

Through its world-class expert professional services business, Huddlestock
delivers strategic technology solutions and process automation for the financial
services industry. This range of services has propelled Huddlestock into
becoming the preferred supplier of financial consultancy services and technology
solutions in the Nordic region. Huddlestock Fintech AS was listed on Euronext
Growth Market 26 November 2020, as Norway’s first fintech company to be publicly
traded.

For more information, please visit www.huddlestock.com

More information:
Access the news on Oslo Bors NewsWeb site

576724_HSF IR contract with Central Bank 2022.pdf