Quarterly Update
Melbourne, Jan 31, 2019 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 un-audited Appendix 4C for the quarter ended 31st December 2018.
As previously advised, the Company is moving its accounting dates to January to December financial year, effective 1st January 2019. However, in order to move the financial reporting calendar, the company has been required to re-audit and restate the 2018 year as January to December period. An annual report for calendar and financial year 2018 is due post audit by end of February 2019.
Highlights:
- First EU merchant live on unified neobanking and payments platform
- First Bank to Bank transfers via SEPA BIC ISEMCY22XXX
- EU/EEA Visa and Mastercard Tier 1 card acquiring, processing and settlement live
- Discover Card, Diners Club International issues ISXPay Global (non-USA) Card Acquiring License
- Further key Technology Platforms completed inhouse
- Preparations for final APRA audits for Australian ADI license commenced
- AFSL application lodged
- Reserve Bank of Australia Exchange Settlement Account (ESA) opening in progress
- Commenced Deployment of Probanx.com CORE banking Platform for Australian ADI
- Probanx.com CorePlus core banking platform live in the EEA supporting ISX IBAN holders
- Hong Kong's Wanfuteng Bank now live with Probanx CorePlus
To view the full report, please visit:
http://abnnewswire.net/lnk/G5ZP6GSD
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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