Quarterly Investor Briefing - Q1 2019
Melbourne, April 30, 2019 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) provides the Company's Quarterly Investor Briefing - Q1 2019.
Achievements Q1 FY 2019 - iSignthis is set for Growth.
January
- Commenced onboarding of merchants to our Tier 1 card processing facilities in the EU
- Moved off our costly 3rd party EU Tier 2 & 3 arrangements, reducing our COGS and simplifying operations.
- Extended our Intellectual Property portfolio (patents and trademarks)
February
- Activated more than 12 merchants commence transacting on our Tier 1 processing network in the EU
- Completed acquisition of Baltic Banking Services (BBS) for core banking network technologies
March
- FCA granted transitional UK "BREXIT" license to allow for continued operations in the UK.
- Integrated operations between Probanx(R) & BBS to contract first customer(s) to unified core banking & core networking solution
- Executed customer contracts for our regulated services exceed 100 (post customer due diligence & underwriting)
- Progressed Australian APRA regulated ADI license, ASIC AFSL & RBA ESA including satisfying a 3rd party APRA CPS234 security audit. ADI related CORE IT infrastructure now in place.
To view the full presentation, please visit:
http://abnnewswire.net/lnk/1O9O8L86
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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