IR letter Good Morning, It is with pleasure that we announce...

IR letter

Good Morning,

It is with pleasure that we announce that one of Europe’s longest established CFD/FX firms, Windsor Brokers, has gone live with ISXPay® and Paydentity™.

The ISXPay® platform is establishing itself as one of the EU’s premium transactional platforms, with functionality, features and currencies not found on any other platform. Together with our specialisation in servicing AML regulated sector merchants across the identity, payments and deposit needs, the iSignthis group offers unique services that are very much in demand.

Windsor brokers was contracted mid last year, and is included in our GPTV estimates. It is however noteworthy, as Windsor Brokers is celebrating its 30^th  year as a Fintech and brokerage, outlasting many competitors whilst evolving with the internet. See https://en.windsorbrokers.eu

Neobanking
As announced last week, the number of merchants now live and active with ISXPay® exceeds 14, with volumes steadily picking up pace.

Active EMA accounts and applications are growing faster than we anticipated, with deposits now starting to flow in as the EMA accounts go live, and our merchants advertise the new IBAN’s to their depositors.

Its been a very busy last few weeks for the iSignthis team, whereby we have been signing up new merchants, activating transactional banking and processing, as well as establishing new EMA accounts.

See https://www.asx.com.au/asxpdf/20190221/pdf/442t7g467nlw3r.pdf for details of last weeks announcement.

Technology Licensing Opportunities (via Probanx & BBS)
We’ve also started the integration of the Baltic Banking Services banking networks into our Probanx® services over the last week, with the teams from ISXPay®, Paydentity™, Probanx® and BBS all getting together in Cyprus to plan out and coordinate our sales approach for technology licensing and transactional banking services.

Technology licensing will be under the Probanx® trademark, leveraging the 18 plus years associated with the brand in providing core banking solutions to banks.

We are expecting results from the newly integrated Probanx® technology licensing team on a very near term horizon, as cooperation between the various entities started during the due diligence process, as the benefits and customer proposition of the sum of the parts have been clear to the $ISX team for some months now.

Please do not hesitate to contact me if you have any queries.

Have a great day.