Quarterly Investor Update
Melbourne, Feb 8, 2019 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) (TA8:FRA) is a leading business focused neobank, with payments, eMoney, deposit taking and identity capabilities, publicly listed on the Australian Securities and Frankfurt Stock Exchange.
As a neobank, we are authorised as a EEA authorised Monetary Financial and Payment Institution, with license to accept deposits, issue emoney, bank accounts, and operate transactional banking services across Europe and, soon, Australia.
We provide services to cross border, regulated and high value businesses, that includes a complete customer onboarding solution, from remote identity verification, credit scoring to payment processing, settlement, spot FX and deposit taking services.
Our patented Paydentity(TM), Probanx(R) and ISXPay(R) platforms, built inhouse, make all this possible, and we have identified more than 1.5m consumers to a full AML KYC standard.
Probanx.com supplies core banking software to more than 15 banks in North America, Asia Pacific and the EU/EEA, and to ISX in Australia.
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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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