Melbourne, Dec 15, 2016 AEST (ABN Newswire) - iSignthis Ltd (ASX:ISX) automates AML/CTF KYC & transaction monitoring via its payments and identity processing platform to deliver 'paydentity(R)' for conventional and disruptive businesses in the regulated sector including:

Financial Institutions,

- banks, lending, crowdfunding, pension funds,
- securities / equities,
- FX, CFD, binaries, and futures traders,
- gaming, wagering, betting, casino's,
- money services businesses,
- payment service providers,
- insurance providers,
- real estate,
- digital currency platforms,
- eWallets,
- FinTech and
- other AML/Patriot Obligated businesses

The Path To Innovation : How did iSignthis do it?

@iSignthis, we started with a problem

- Which lead to invention (patents)

- which in turn created an excludable business concept (paydentity(TM))

We then analysed, researched and innovated to create our business proposition, by focusing on:

- Identifying business sectors that require the innovation most

- Our Competitive advantages

- Alignment to Regulatory requirements (and engagement with regulators and regulators and more regulators...)

- Customer's requirements

- Customer value proposition

To create and execute a business model, whilst being mindful of the above factors and looking for further problems to solve.

Product Strategy

Existing solutions: a fragmented process

- Multiple vendors

- Different vendor mix in each country

- Information fragmentation

- Compliance challenges

- Manual processes, with 'follow the sun' localised team normally required.

- High costs

- Long processing delays with complex customer onboarding processes

- High customer abandonment

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About iSignthis Ltd

iSignthis LtdiSignthis Ltd (ASX:ISX) is the global leader in dynamic, digital AML/CTF KYC identity proofing. Our Paydentity solution incorporates real time electronic verification to converge remote payment authentication, electronic data sources, advanced KYC identification techniques, to deliver KYC as an outcome. Our platform provides automated customer on-boarding, reaching any of the world's 3.5Bn 'bank verified' persons, whilst being device, location and major payment method agnostic.

iSignthis' unique solutions protect online customers whilst assisting merchants with compliance, CNP chargeback reversal, and AML transaction monitoring leading to increased confidence in cross border transactions. We offer identity verification, data security and authentication solutions for the EU's 4AMLD, PDS2, eIDAS, in addition to US Patriot & Bank Secrecy Act, and AML/CFT for FATF, MONEYVAL and other key regional group regulatory requirements.

ISXPay is authorised by the CBC as an EEA Monetary Financial Institution under an eMoney Institution license, and in Australia and New Zealand is a payment facilitator partner of the National Australia Bank (ASX:NAB).

Read more about the company at our website www.isignthis.com

      


Contact

Todd Richards
Company Secretary
T: +61-3-8640-0990
E: investors@isignthis.com



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