Wanfuteng Bank Now Live with Probanx CorePlus
Nicosia, Oct 17, 2018 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) ("the Company") is pleased to announce that its wholly owned subsidiary, Probanx Information Systems Ltd ("Probanx") has completed integration with Wanfuteng Bank (www.wanfutengbank.com).
Highlights
- Wanfuteng Bank now integrated to core banking platform "CorePlus"
- Joins 16 other banks as a customer
- Probanx core banking platform services banks located across 3 continents
- FY2018 (Calendar) EBIT for Probanx business unit revised to EUR275-300k
Wanfuteng Bank, headquartered in Hong Kong and operating in Vanuatu, is now integrated with the Probanx CorePlus platform.
The CorePlus integration including the following features;
- eBanking with Strong Customer Authentication,
- Mobile Banking,
- Loans and Mortgages,
- Standing Orders,
- Deposits,
- Fixed Assets Management,
- SMS And Email Notification,
- Language support for English, French and Simplified Chinese, from a selection of 10 languages.
- Portfolio Management,
- IBAN Validation API,
- API for Payment Services Directive 2 'open banking' support,
- ATM POS API,
- Swift/SEPA Integration,
- Teller Cash Management
Wanfuteng joins Novum Bank (MT, www.novumbankgroup.com ), Societe Generale (CY, www.sgcyprus.com ), HFCL (Seychelles), AN-other EMI (UK, www.an-other.co.uk ), Frux Private Bank (ES, www.fruxprivatebank.com ) and Luxburg Carolath FBS Bank (CH, www.luxburgcarolath.group) as a customer of Probanx.
Probanx Business Unit
Probanx is an independent business unit of iSignthis Ltd, providing core banking platform software solutions for banks and financial institutions.
EBIT performance for the full FY2018 year is expected to be stronger than originally forecast, with full year performance anticipated to be in excess of EUR275k, with EBIT contribution of EUR200k prior to purchase of Probanx by iSignthis.
iSignthis purchased Probanx on the 18th September date, with EBIT contribution to iSignthis group performance attributable from that date. The final results subject to audit as at 31 December 2018.
The Company has also commenced integration of Probanx with ISXPay(R), and will support its eMoney Account (EMA) customers via the CorePlus platform, from late November.
Probanx will integrate direct with SEPA/Target2 and SWIFT schemes on behalf of ISXPay(R) and will generate and validate IBAN accounts for ISXPay customers.
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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