Ann: Probanx Coreplus core banking & APRA CPS234, page-5

Good Morning 
Another key milestone met. 
In September 2018 we purchase Probanx Information Systems, per https://www.asx.com.au/asxpdf/20180919/pdf/43yfwxmh9bw9h6.pdf Probanx® CorePlusIm really pleased and delighted to say that our investment has already paid ‘effective’ dividends by meeting the requirements of APRA’s Prudential Standards, and thus allowing ISXPay® to meet a crucial milestone. APRA requires all ADI license applicants to demonstrate a working core banking platform. We have achieved this in record time and have saved multiple millions of dollars, versus what other neobanks in Australia and the UK have spent to deploy an APRA ready system. We have now also added further credibility to Probanx as a core banking platform, as it has now been verified as meeting the rigorous requirements of APRA, as well as previously having met Swiss, EU, UK, HK and other jurisdictions requirements. Temenos T24, Oracle & SAP now have core banking platform competition in the emerging and highly active neobank space!
ISXPay Operations
As we develop cloud banking as a product and new revenue stream, we also take advantage of owning and developing our own software and systems, as we can customise and enhance, without the usual costs, delays and exposure of strategy to third parties. From an ADI license perspective, we are progressing very well, and are addressing minor queries as they arise, with an anticipated Q2 license. Have a great day