Just got this in an alert and seems to be a preamble to the...

Just got this in an alert and seems to be a preamble to the announcement

iSignthis Ltd (ASX:ISX) are pleased to provide the Company's Presentation at the Canaccord Boston Growth Conference August 10 - 11th 2016.

Australia's only ASX listed RegTech, with payment processing capability, iSignthis automates AML/CTF KYC & transaction monitoring via its payments and identity processing platform for traditional and non traditional businesses.

iSignthis Ltd (ASX : ISX) - What will drive our growth?

1. Regulated Growth: Increasingly more stringent Regulation, such as the EC's 4AMLD and Payment Services Directive 2.

2. Online Transition: AML Regulated entities seeking to offer cross border services, and move away from localised face to face services.

3. Reach: CRA based services cover less than 9% of the world's population, whereas iSignthis dynamically reaches circa 51% of the world's (banked) population.

4. Mitigating Fraud Risk: Current manual or database KYC methods are not effective at mitigating electronic payment risk.

5. Enhanced Customer Value Proposition: Full Automation, dynamic, real time combination of payments and identity (paydentity(TM)) which delivers KYC and settled funds in parallel.

6. Additional Sectors: such as gaming, wagering, betting, digital currencies now regulated by full AML/CFT regulations in the EU.

Other opportunities: ISX expanding services and revenues

iSignthis has four core revenue streams available to it in the short and medium term.

Verify

The core of our patented process to verify identity for AML obligated financial institutions. ISX charges a fee for every identity verified.

Process

The 'Paydentity' service provided by ISX allows for Strong Customer Authentication to meet PSD2 requirements i.e. the transaction verification to authorise an online transaction. This service expands further to cover additional revenue opportunities in the card payment processing chain allowing ISX to become our customers;

- Payment Processor (Gateway): allows a merchant to accept payments by credit card.

- Acquirer: allows a merchant to collect funds from their customers.

ISX charges a fee for every transaction processed, authenticated and acquired.

Settle

A longer range (medium term) strategic play for iSignthis is to become a licensed settlement institution. Settlement being the exchange of funds between a card issuer and an acquiring institution (effectively completing the payment transaction). ISX has applied directly for an EU eMoney license which will enable it to become a settlement institution for transactions. This further expands the services available to be offered to our customers creating a stronger relationship and additional sources of revenue. Unlike our core services, the full acquiring and settlement initiative is a volume game with lower margins but an opportunity to settle a large number of transactions per day.

Issue

The EU e-money license will also allow ISX to potentially become a card issuer. This is a longer term initiative to potentially operate as a financial institution that offers credit or debit cards to users (the general public).

To view the full presentation, please visit:
http://abnnewswire.net/lnk/7HDP9SS9


About iSignthis Ltd

iSignthis Ltd (ASX:ISX) is the global leader in dynamic, digital AML/CTF KYC identity proofing. Our Paydentity solution incorporates real time electronic verification to converge remote payment authentication and KYC identification. This delivers automated customer on-boarding with a global reach of any of the world's 3.5Bn financially included persons, no matter where they are located. iSignthis' unique solutions protect online customers whilst assisting merchants with CNP liability shift and providing operators with 100% confidence.

Contact
Todd Richards
Company Secretary
T: +61-3-8640-0990
E: [email protected]

http://www.abnnewswire.net/amp/en/8...ation-Canaccord-Boston-Growth-Conference.html