Ann: Quarterly Investor Update, page-12

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tradealot

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08/02/19

19:58

Post #: 37381609
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Originally posted by soarus ↑

IR

$ISX’s transformation to a b2b neobank operating across the EU and Australia is almost complete!

It was a hectic quarter building out our various capabilities, including:

Finalising our transactional banking network in the EU, which now includes Visa, Mastercard, JCB, and shortly Diners, Discover, Amex and ChinaUnionPay,

deploying our core banking systems to the EU and Australia,

working through our final APRA, ASIC and RBA requirements for ADI licensing,

licensing Diners, Discover globally and ChinaUnionPay for EU and Australia,

integrating the Probanx team and products into ISXPay® and Paydentity™,

launching our IBAN issued and deposit taking capabilities in the EU,

connecting to 4300 other banks via SEPA network, and

making sure it all works as a seamless offering to our customers!

Sales and Operations were busy too – with new EMA customers and merchants for acquiring being contracted and prepared for onboarding.

Payment Services Directive 2
For those following the $ISX story for some time, the PSD2 is almost upon us. It was originally mooted to take effect in 2015, and will now finally become a requirement September 2018. That is, all card transactions will be subject to Strong Customer Authentication. Our proposition for SCA is much stronger than what it was in 2015, and we expect to be announcing a major partnership fairly soon to tackle the large gap between regulation and solutions in the market.

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That IR post fills in the blanks from today's quarterly update. Thanks @soarus

The "Major Partnership" must have something to do with the European Banking Authority. https://eba.europa.eu/

This could be a huge cashcow by the sounds of it, especially using the wording "major partnership"

What an endorsement of isx's technology, partnering with a banking authority.

Cheers
Tradealot
ISX Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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Ann: Quarterly Investor Update, page-12

Top Stories

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

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Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

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