this is all made up but here's a newsflash... "Australian press goes to war with all new age fintech companies ignoring big corrupt banking institutions that are way behind regulations in a bid to buy the prehistoric banking sector time to catch up... investigations are continuing as to whether journalists are being paid by the big banks or brokers to whip up false news or just trying to improve ratings due to lost revenue in the digital world"
On another note... Paypal has been asked to appoint an external auditor over compliance with Anti Money Laundering and counter terrorism financing laws...
the reality is that both Paypal and ISX are going to be important partners in the new world to help fight crime and will probably do a better job than the banks... but if the media covered it in a positive way it probably wouldn't sell as well...
imagine... "AML and KYC data from Paypal and Isignthis helps fight multi billion dollar crime" meanwhile big banks are unsure how to keep their mainframes running as everyone who knew COBOL is dead or retired...
ISX Price at posting:
93.0¢ Sentiment: Buy Disclosure: Held
