Partnership with Trading Specialist ayondo
Melbourne, Feb 6, 2017 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) is pleased to announce that it has entered into an agreement with financial trading technologies specialist, ayondo.
Highlights:
- iSignthis to integrate full PaydentityTM suite to ayondo
- ayondo to meet the 4th AML Directive and PSD2 requirements via iSignthis PaydentityTM solution
- Service is set to go live; transacting within Q2 of 2017
iSignthis is set to provide ayondo with its full PaydentityTM service including; Payment Instrument Verification, Digital KYC, Strong Customer Authentication and Payment Gateway. The service is set to be live and transacting within the second quarter of 2017.
Founded in 2008, ayondo specializes in financial trading technologies, covering a broad spectrum of services including both retail and institutional sectors. The global group has developed some of the most intuitive trading and social trading platforms with users from over 195 different countries.
The iSignthis service opens the potential customer market for ayondo to any of the worlds 3.5Bn finically included person's. This integration will allow ayondo to streamline services, whilst benefiting from the added features including transaction monitoring, threshold management and intelligent routing.
The iSignthis service provides an automated customer on-boarding system, allowing ayondo to meet the stringent KYC and authentication requirements set out by the 4th Anti-Money Laundering Directive and the Payment Service Directive 2.
About ayondo
ayondo is a Financial Technology Group and a global leader specialising in Social Trading, offering both innovative B2B and B2C trading and investment solutions. At the core of the holding is the Social Trading provider ayondo GmbH, based in Frankfurt and the FCA regulated investment firm ayondo markets Ltd. based in London. ayondo offers both a sophisticated online trading platform and a leading Social Trading platform. Social Trading allows retail investors to automatically copy the trades of experts.
In 2013 ayondo was listed in the top 50 technology companies worldwide in the area of financial technology ("FinTech 50").
Read more about the company here: http://www.ayondo.com
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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