Haven't heard of them before, so I'm going in cold here. It seems to me that they provide an instant payment layer, in the same vein as Osko/PayID. Their website is pretty low on technical detail, but they appear to operate firmly as third party service - as opposed to ISX, who are set up to operate as a complete (neo)bank.
I don't get a whiff of any KYC innovation or AML focus. On the flipside, I don't see instant payments as part of the core marketing push for ISX. So I don't think we're looking at a direct competitor here. Like you I am happy to be further informed by the next poster
https://pungle.ca/
https://markets. b******* insider .com/news/stocks/pungle-to-speed-up-business-payments-in-canada-1027640322
https://betakit.com/pungle-integrates-with-visa-direct-for-real-time-payments/
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