September 2017 4C Quarterly Commentary
Investor Presentation
Melbourne, Oct 24, 2017 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) provides the Company's latest Investor Presentation.
Highlights
- Transactional volumes live across 3 revenue streams, growing on strong trajectory across multiple merchants with diversified sectors, and a strong sales pipeline.
- Visa/Mastercard/JCB card scheme memberships secured, with NAB/Worldline wholesale agreements supporting growth through uncapped funding facility of transactional volumes
- Use of "Own funds" capital represents opportunity to enhance margins ~20-40bps against wholesale funding, by exploiting EU e-banking license & card scheme principal memberships.
4C September 2017 Quarterly Commentary
- Cash Receipts Up 112% quarter on quarter
- Unaudited operating cash receipts of $0.329m for the quarter ended 30 Sept 2017
- Transaction growth continuing (see chart on following page)
- Full range of transactional banking services completed
- Revenue is currently being generated in all three core revenue silo's of "Verify", "Process" and "Settle" with many merchant represented in all three
- Cash at bank $2.5m (excluding $0.65m longer term security deposits / collateral)
To view the full presentation, please visit:
http://abnnewswire.net/lnk/575KN3G7
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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