Ann: ASIC Licensing Brief, page-30

Hmm. Maybe. Currently I'm not aware of any RegTech company globally that is interested in regulating Telcos. Hard to see where the revenue can be derived from. Telcos could indirectly be using ISX technology if the banks they transacts with decide to augment their systems using ISX technology. There will always be future competition, ISX just has to make sure their technology remains superior. And those patents do help fend off competition because entrepreneurs will have to figure out a different method of coding and machine learning that can achieve the same result.

ISX's regulatory technology for payments already works in Europe, who have a stricter regulatory system following policy changes. Australia is still 2-3 years behind, our laws are not as strict as Europe in regards to AML/KYC policies. Hopefully one day our laws become stricter as cybersecurity and financial fraud have increasingly become difficult to manage and anticipate in a world of increasing data.

But for now, ISX is just taking things one step at a time. They are not worried about making a profit, they already have and will continue to do so. They just want to expand into as many markets as possible. Their job is to provide shareholder value and they continue to demonstrate that with their monthly GPTV announcements.