Non-Executive Director Appointment
Melbourne, July 3, 2018 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) (TA8:FRA) is pleased to announce the appointment of Mr. Christakis (Takis) Taoushanis as a non-executive director. Taoushanis has since 10th April 2017 served as Chairman of the Board of iSignthis eMoney Limited, the Company's 100% owned subsidiary incorporated in the Republic of Cyprus.
Highlights:
- Christakis Taoushanis appointed as Non-Executive Director to parent board
- 30 years + banking industry experience, including the HSBC Group
Mr. Taoushanis holds a BSc degree in Economics, and a Master's in Business Administration received from the London School of Economics and the London Business School, respectively. Mr. Taoushanis brings extensive banking and finance knowledge and experience to our organisation having spent over 30 years in the industry in various senior roles.
Previously, Mr. Taoushanis has worked for some of the world's largest banks in a number of different locations including Chicago, Greece, Hong Kong and Cyprus. This includes serving at Continental Illinois National Bank of Chicago for four years, the HSBC Group for eighteen years, with twelve of those as the Managing Director of the Cyprus subsidiary, and eight years as the Chief Executive Officer of the Cyprus Development Bank(see Note 1 below).
Since 2011, Mr. Taoushanis has been working with the private firm TTEG & Associates, providing services as an advisor to several companies.
Additionally, Mr. Taoushanis has been an active member of many company boards, mostly of foreign interests, across a variety of sectors including financial services and real estate. He has acted as Chairman of the Association of Cyprus Commercial Banks(see Note 2 below) as well as being an active member of the Cyprus Rotary.
In August 2016, Mr. Taoushanis was appointed as Chairman of the Cyprus Cooperative Bank(see Note 3 below), a systemically important bank in Cyprus, after receiving approval from the Central Bank of Cyprus, the European Central Bank and the Cyprus Parliament. Mr Taoushanis served as Chairman up until his resignation on 13th October 2017.
The Company has also appointed Mr. Taoushanis as its representative to the European Cards Stakeholders Group (ECSG)(see Note 4 below), of which the Company was a founding member, and in which Mr Taoushanis is a full voting board member(see Note 5 below).
Mr Tim Hart, Chairman of iSignthis, said "On behalf of the Company, it is my pleasure to welcome Takis to the board of directors of the Australian and Frankfurt Stock Exchange listed iSignthis Ltd. We look forward to Takis bringing his international and European banking experience to iSignthis, particularly as we commence execution of the next phase of our strategy towards offering further services as a neo-banking institution focused on regulated businesses in the AML sector."
Notes:
1 http://www.abnnewswire.net/lnk/M1MX79A8
2 http://www.abnnewswire.net/lnk/R2I3Y012
3 Formerly known as the Cooperative Central Bank of Cyprus
4 http://www.abnnewswire.net/lnk/R1VC8G47
5 http://www.abnnewswire.net/lnk/SWK43Q22
6 http://www.abnnewswire.net/lnk/TZT0X9AP
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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