Reach Expands in Light of Coinify/Blockchain Partnership
Melbourne, Nov 16, 2016 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) is pleased to announce the expansion of its services within the bitcoin industry via its existing relationship with Coinify ApS who recently announced a new partnership with Blockchain, an industry leader with over 50% market share.
Highlights:
- Coinify announce strategic partnership with bitcoin wallet provider Blockchain
- Coinify continue to use iSignthis Digital KYC solution to identify customers
- Coinify's new strategic partnership provides iSignthis with access to a new market and new customers
- Service is beta tested by selected Blockchain customers prior to global launch
"We believe that this strategic partnership gives a whole new perspective in how to collaborate in the industry.," said Mark Højgaard, CEO and Co-Founder of Coinify.
The iSignthis Digital KYC service is able to remotely identify any of the 3.5Bn financially included persons globally. This allows for the automated on-boarding of paid customers in as little as 3 to 5 minutes, whilst meeting Anti Money Laundering and Counter Terrorism Financing regulations.
N J (John) Karantzis, CEO and Managing Director of iSignthis, said: "We are delighted to continue our relationship with Coinify and to assist them in the expansion of their business. We will continue to provide KYC services enabling them to identify new customers and deliver an efficient on-boarding process to their increased customer base. Coinify will be advantageously positioned to meet the proposed revision to the EC's 4th AML Directive, that seeks to regulate digital currency operators from early 2017."
Mark Højgaard concluded: "What we see here is the future of bitcoin and other blockchain currency payments, where we are serving users with the lowest entry barriers possible. I believe that joint efforts in increasing the ease of use for the end consumer will attract more users to the bitcoin world, and thus boost the blockchain currency adoption at large."
About Coinify ApS
Headquartered in Copenhagen, Denmark, Coinify ApS operate as a blockchain payment service provider (bPSP) with focus on extending blockchain currency payment processing and trading services to merchants and consumers respectively. Coinify serve global Payment Service Providers, online businesses, physical shops, and individuals.
The company incorporated in 2014 and is backed by a multimillion dollar injection from SEED Capital Denmark, SEB Venture Capital and Accelerace. With experience in working with digital currencies since 2010, the Coinify team has strong backgrounds in payments, finance, risk, e¬commerce, and compliance areas. Coinify dominate the European market and are continuously expanding into Asian and global markets. The company was named 'Emerging Star' in Fintech 100 (an initiative by KPMG and H2Ventures); was elected part of the 'European FinTech Top 100'; won the IFM Award for 'Best Electronic Payment Solution' and GBAF Award for 'Best Payment Solutions Provider Company Denmark'.
Visit www.coinify.com for more information.
About iSignthis Ltd
iSignthis Ltd (ASX:ISX) (FRA:TA8) is a hybrid monetary financial institution and also a RegTech leader in remote identity verification, payment authentication with deposit taking, transactional banking and payment processing capability. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment, electronic money and identity service via our Paydentity(TM) and ISXPay(R) solutions.
By converging payments and identity, iSignthis delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world's 4.2Bn 'bank verified' card or account holders, that can be remotely on-boarded to meet the Customer Due Diligence requirements of AML regulated merchants in as little as 3 to 5 minutes. Paydentity(TM) has now onboarded and verified more than 1.5m persons to an AML KYC standard.
iSignthis Paydentity(TM) service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business. iSignthis' subsidiary, iSignthis eMoney Ltd, trades as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, and Australia.
ISXPay(R) is a principal member of Mastercard Inc, Diners, Discover, (China) Union Pay International and JCB International, an American Express aggregator, and provides merchants with access to payments via alternative methods including SEPA, Poli Payments, Sofort, PRZ24 and others.
Probanx Solutions Ltd, a wholly owned subsidiary of iSignthis Ltd, provides API based access to CORE Banking solutions, SEPA Core, SEPA Instant and SEPA business scheme, for neobanks, banks, credit unions and emoney institutions, and provides a bridge to the Eurosystem's Central Bank of Lithuania's CENTROLink service.
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