Quarterly Report
Melbourne, Oct 30, 2018 AEST (ABN Newswire) - Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (
ASX:ISX) (TA8:FRA), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to provide the following business update and Appendix 4C for the quarter ended 30th September 2018.
Highlights:
- $10m Institutional Placement completed (issue price of $0.145 per share)
- Acquisition of Core Banking Platform Provider - Probanx.com
- The Company continues to increase the value of its contracted GPTV, which is now in excess of AU$880m
- iSignthis is now a Principal Member of Mastercard in two key regions (EU and Australia)
- JCB now live with ISXPAY in the EEA
- Scheme participation - iSignthis Group is now a scheme member of the European Payments Council (EPC) Single Euro Payment Area (SEPA) Scheme
- Paydentity now processing identity verification and payments for Finland's largest cryptocurrency broker service - Prasos
- Agreement to act as a card acquirer of China Union Pay (CUP) issued cards - ISXPAY to acquire CUP cards in 2019
To view the full report, please visit:
http://abnnewswire.net/lnk/5TMU66TI
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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