Fintech PR
Digipath Files Patent Application for Test to Distinguish Hemp from Drug-type Cannabis


Digipath, Inc. (OTCQB: DIGP), a service-oriented independent testing laboratory, data and media firm focused on the developing cannabis and hemp markets, is pleased to announce that in collaboration with VSSL of Kelowna, BC, has filed a provisional patent application for a Field Testing Kit that can quickly determine whether a plant sample is actually hemp, drug-type THC or drug-type CBD.
Currently the only recourse for law enforcement to make a determination of what is being transported across state lines is lab based analytical testing of the mature plants for their THC content to come in under the 0.3% THC level. The Digipath-VSSL simple genetic field test will allow for a DNA-based assay to clearly designate if plant material at any stage of growth is industrial hemp or drug-type CBD and NOT drug-type THC. Inability to determine what a sample is, and if it is in compliance with prevailing law, has been an enormous problem for law enforcement, hemp farmers, and others looking to ensure full compliance. A recent High Times article details this problem, noting an instance where a fully-compliant hemp shipment was wrongfully seized due to a failure to properly identify the cargo.
As one of the premier testing laboratories in the United States, Digipath is looking to expand on its services with a mobile product to serve the market need for a test to distinguish the two cannabis strains. The patent application filing comes following a recent Request for Proposal for “Hemp/Marijuana Field Test Kits” posted by the United States Drug Enforcement Agency. The request reads as follows:
“The field test kit must provide specificity to distinguish between hemp and marijuana. It must be portable and rugged enough to be used in non-laboratory environments or ambient conditions. All products shall be the most current and up-to-date model/revision(s) available at the time of delivery. Anticipated maximum quantities to be purchased will be based on evaluation results and agency need.”
“VSSL’s Chief Scientist, Philippe Henry PhD and I, are very pleased to present an immediate solution to an industry need that parallels the stated Federal and State dilemma of proper genetic identification of interstate transported cannabis,” stated Cindy Orser, PhD, Chief Science Officer, Digipath. “The need was abundantly clear to us and we were intent on providing a solution to this dilemma even before the government’s request was posted. Moreover, the Request for Proposal appears to call for exactly what we believe our technology provides.”
“This new ‘Field Test’ is essentially, a cross between 23 and Me and a paternity test for plants,” stated Todd Denkin, CEO, Digipath. “Within minutes, our test can determine the nature of the plant sample and which drug-type it belongs to. We believe there is a significant market for this product, and the DEA’s recognition of this need supports our pursuit of this opportunity.”
SOURCE Digipath, Inc.
Fintech PR
Premialab appoints new Head of Technology Solutions

Alexandre Lefoulon, further expands Premialab’s EMEA footprint bringing his extensive investment banking and technology expertise to the fintech platform dedicated to quantitative investment strategies.
LONDON, April 15, 2025 /PRNewswire/ — Premialab announces the appointment of Alexandre Lefoulon as Head of Technology Solutions. Based in Paris, Mr. Lefoulon will lead the development of this key new market segment. Prior to joining Premialab, Mr. Lefoulon was previously Principal at Boston Consulting Group (BCG) in charge of Technology, Banking and Capital Markets.
Mr. Lefoulon brings over 10 years of experience in structured products, trading platforms and technology across buy-side and sell-side institutions. He will be responsible for implementing and scaling Premialab’s new technology initiatives, providing unique data, analytics, and execution connectivity for institutional investors globally.
Pierre Trecourt, Co-Founder and Chief Operating Officer of Premialab said, “We are delighted to welcome Alexandre to the team. His appointment underscores our commitment to delivering innovation and excellence in quantitative and multi-asset investing. Alexandre’s deep expertise in capital markets and technology will be instrumental in accelerating our global growth and strengthening our position as a leader in data and analytics for institutional investors.”
The announcement follows previous senior appointments at Premialab, including Mark Findlay, former Managing Director at S&P, UBS, Bank of America and Marc Fisher, former Managing Director at Citibank with a prior position at Deutsche Bank.
Recognized as the leading independent platform for data and analytics on quantitative strategies, Premialab’s capital markets infrastructure is trusted by top asset managers, insurance companies, and pension funds. It drives digital transformation, enhances performance and risk management, while reducing operational costs. The platform currently supports institutional clients overseeing more than $20 trillion in assets under management.
About Premialab
Premialab is the leading independent platform providing data, analytics and risk solutions on quantitative and multi-asset strategies in collaboration with leading investment banks and institutional investors globally. Combining intelligent technology with a unique source of information the platform empowers asset allocators to make better investment decisions whilst achieving utmost time and cost efficiency.
With offices in London, Paris, New York, Hong Kong, Sydney, and Dubai, its international team is dedicated to supporting a global client base with the most up-to-date QIS dataset, advanced portfolio construction, performance and risk analytics. The firm has established strong partnerships with the top 18 investments banks, global asset managers, pensions funds and insurance companies.
For more information please visit: www.premialab.com
View original content:https://www.prnewswire.co.uk/news-releases/premialab-appoints-new-head-of-technology-solutions-302428160.html
Fintech PR
Mediterranean Bank Selects Finastra’s core banking solution to transform customer experiences and drive sustainable growth in Libya

With Finastra Essence, the bank will fast-track its digital transformation strategy and offer a comprehensive range of innovative retail and corporate banking services
LONDON, April 15, 2025 /PRNewswire/ — Finastra, a global provider of financial software applications, today announced that Mediterranean Bank, a provider of retail and corporate banking services in Libya, has selected its core banking solution, Finastra Essence, to deliver advanced digital banking services to its customers. The next-generation solution, which comprehensively covers conventional and Islamic banking requirements, will enable the bank to streamline core processes while offering personalized services and robust customer support. Once the implementation is complete, Mediterranean Bank will also benefit from increased agility to adapt quickly to new demands, drive ongoing innovation and rapidly bring new products to market.
EVO Digital Solutions Co., a local fintech company and partner of Finastra, is supporting the project by providing specialized services to Mediterranean Bank under Finastra’s supervision, including hands-on technical and operational support. With Evo’s local expertise and Finastra’s global delivery framework, the collaboration aims to provide Mediterranean Bank with a smooth transition to Essence.
“We are currently on a digital transformation journey to ensure we continue to deliver the best services to our customers through cutting-edge technology,” said Emad Alaakili, Chairman at Mediterranean Bank. “By implementing Finastra’s core banking solution, we are transforming our operations to drive greater efficiencies and provide our customers with the personalized banking services they expect. By increasing the robustness of our offering, this move also aligns with our goal to drive sustainable growth by balancing both profitability with social responsibility, and economic development with financial stability.”
Finastra Essence is a cloud-first, next-generation core banking solution that combines deep functionality and advanced technology to increase enterprise agility, reduce costs and improve operational efficiency. Powered by an open, microservices architecture, Essence’s rich, broad and deep banking functionality enables institutions to rapidly deploy market-leading products and services. The solution will provide Mediterranean Bank with a comprehensive suite of services, including core operations, teller, payments and signature verification.
“We are pleased to help Mediterranean Bank achieve its objectives around customer-centricity and increasing its market penetration in Libya,” said Siobhan Byron, EVP, Universal Banking at Finastra. “Essence’s modular architecture and a microservices approach will enable the bank to seamlessly innovate and scale as it grows. Ultimately, we’re empowering Mediterranean Bank to reimagine banking and keep pace with change, as it seeks to bring modern, digital financial services to customers.”
About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com
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View original content:https://www.prnewswire.co.uk/news-releases/mediterranean-bank-selects-finastras-core-banking-solution-to-transform-customer-experiences-and-drive-sustainable-growth-in-libya-302427596.html
Fintech PR
Nucleus Software and Deem Finance Expand Longstanding Partnership with FinnOne Neo®

DUBAI, UAE, April 15, 2025 /PRNewswire/ — Nucleus Software, a global leader in digital lending and transaction banking solutions, is pleased to announce its continued collaboration with Deem Finance LLC (“Deem”), a Gargash Group company and a leading consumer finance provider regulated by the UAE Central Bank. As part of this expansion, Deem has selected FinnOne Neo® Collections to accelerate its digital collections transformation and enhance operational efficiency.
This milestone builds on nearly two decades of collaboration between Nucleus Software and Deem, reinforcing their shared commitment to leveraging technology for superior financial services.
Strategic Vision for the Implementation
The deployment of FinnOne Neo® Collections will enable Deem Finance to:
- Leverage AI and Automation: Enhance collections efficiency through AI-driven analytics, intelligent customer engagement, and seamless Auto Dialer integration.
- Achieve Rapid Go-Live: Drive seamless implementation to unlock business value and enhance agility.
- Strengthen Risk Management: Reduce NPAs and optimize delinquency control across consumer and corporate portfolios.
- Enhance Customer Engagement: Deliver a seamless digital experience with personalized interactions and data-driven decision-making.
Chris Taylor, CEO at Deem Finance, added, “Our mission is to continuously evolve and strengthen our digital capabilities to meet the changing needs of our customers. Partnering with Nucleus Software allows us to integrate advanced AI-driven collections strategies that enhance operational efficiency while providing a seamless experience for our customers. This initiative aligns with our vision of leveraging technology to drive financial empowerment and long-term customer trust.”
Vishnu R. Dusad, Managing Director & Co-founder at Nucleus Software, stated, “Our longstanding partnership with Deem Finance is a testament to our shared vision of driving digital transformation in the financial sector. By implementing FinnOne Neo® Collections, we are not only enabling Deem Finance to streamline its collections processes but also reinforcing our commitment to equipping financial institutions with future-ready solutions. This collaboration strengthens our footprint in the UAE market and underscores our dedication to delivering AI-driven, customer-centric innovations that drive efficiency and business growth.”
This collaboration reinforces Nucleus Software’s leadership in financial technology, empowering banks and financial institutions with innovative solutions for next-generation lending and collections management.
For more information, visit: https://www.nucleussoftware.com/
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View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/nucleus-software-and-deem-finance-expand-longstanding-partnership-with-finnone-neo-302427560.html
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