Ann: ASIC Licensing Brief, page-31

Hi Patrick, perhaps you misunderstood my point. If you can identify the mobile user via details directly from the mobile handset as ISX are showing on page 11, and keep in mind that most telcos require the 100 points of ID it then gives ISX the ability to KYC those customers.

The issue is ensuring the telcos/manufactures supply that information to either an App on the phone, via HTML headers or via a direct link between the telephone exchange and the KYC provider. This final part of the equation will possibly require some form of regulation to ensure the telcos comply with information requests for KYC details.

Cheers