Clarity over what ISX actually do..., page-167

@A4paper
The ASX CHESS thing is only potentially a point of competition for ISX if ISX were strongly chasing the bank KYC market. The suspension came, i think, about disclosure. The speculation is that it has become about performance rights. The ASX connection has partly come about why the dragged out suspension.
So you are right, it is a long bow.
Banks have already done their KYC in a laborious manner (100 points and all that). So that is an opportunity for some synergy, "mutualization", using blockchain.
On the other hand there is room for sharing KYC for international payments to minimize ML, and that would be facilitated by on-boarding already "mutualized" banks within a country. So maybe ISX should have a rethink about what value proposition they can offer local banks, once they get an ADI so they can hold money in transfer and become an intermediary as well as a KYC.
Speculation on my part.