Shareholder Update
Melbourne, Nov 11, 2019 AEST (ABN Newswire) - The Australian Securities and Investments Commission ("ASIC") has confirmed in writing that it did not request the suspension of iSignthis securities (
ASX:ISX) (TA8:FRA) ("the Company"), and has referred ISX to the Australian Securities Exchange ("ASX") for an explanation as to why the Company's shares were suspended on 2nd October 2019.
A written statement from ASIC's Markets Enforcement desk received by ISX on November 7 states "the decision by ASX to suspend ISX Ltd from trading on 2 October 2019 was not made with a direction from ASIC".
ISX chief executive John Karantzis said re-quotation of the Company's securities was now at the discretion of the ASX.
"It has taken us more than a month to get an answer to a simple question about who actually asked for the suspension of ISX shares," said Mr Karantzis.
The ASX has sent ISX a third round of questions, with responses due on the 15th November 2019.
The Company will provide further updates as details become available.
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.
| ||
|
