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

First 12 Last

Share
Profile

Follow
tradealot

1,886 Posts.

3108

08/02/19

19:58

Post #: 37381609
Share
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.

Expand

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
9 Upvote

3 Great analysis

Reply

Top Stories

IGO

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

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

RHK

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

ASX Market Open: ASX200 to rise for Friday session | July 26

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

NVA

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

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

HRZ

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

Nine's staff strike as Paris Olympic coverage begins

There are more pages in this discussion • 10 more messages in this thread...

First 12 Last

Add SP1 (ASX) to my watchlist

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

Top Stories

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

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

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

ASX Market Open: ASX200 to rise for Friday session | July 26

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

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

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

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

Nine's staff strike as Paris Olympic coverage begins

Featured News