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KVB Kunlun Financial Group Limited has entered into a new technology services agreement worth upwards of $7.1 million with Banclogix, a wholly-owned subsidiary of KVB Holdings, following an existing relationship between the two entities, per a recent KVB statement.
The new information technologies services deal will take place over the next three years, with payments being made on December 31, 2016, 2017, and 2018. Previously KVB and Banclogix had entered into a duality of agreements back in early 2014 and December 2015, having since expired.
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