Presentation - NAB Labs, a National Australia Bank Partnership
Melbourne, Dec 15, 2016 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) automates AML/CTF KYC & transaction monitoring via its payments and identity processing platform to deliver 'paydentity(R)' for conventional and disruptive businesses in the regulated sector including:
Financial Institutions,
- banks, lending, crowdfunding, pension funds,
- securities / equities,
- FX, CFD, binaries, and futures traders,
- gaming, wagering, betting, casino's,
- money services businesses,
- payment service providers,
- insurance providers,
- real estate,
- digital currency platforms,
- eWallets,
- FinTech and
- other AML/Patriot Obligated businesses
The Path To Innovation : How did iSignthis do it?
@iSignthis, we started with a problem
- Which lead to invention (patents)
- which in turn created an excludable business concept (paydentity(TM))
We then analysed, researched and innovated to create our business proposition, by focusing on:
- Identifying business sectors that require the innovation most
- Our Competitive advantages
- Alignment to Regulatory requirements (and engagement with regulators and regulators and more regulators...)
- Customer's requirements
- Customer value proposition
To create and execute a business model, whilst being mindful of the above factors and looking for further problems to solve.
Product Strategy
Existing solutions: a fragmented process
- Multiple vendors
- Different vendor mix in each country
- Information fragmentation
- Compliance challenges
- Manual processes, with 'follow the sun' localised team normally required.
- High costs
- Long processing delays with complex customer onboarding processes
- High customer abandonment
To view full presentation, please visit:
http://abnnewswire.net/lnk/1P318TUZ
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.
| ||
|
