SP1 southern cross payments ltd

Pattersons BUY at 0.50c following ANN Rep, page-5

  1. 1,264 Posts.
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    Nasha, in principle I agree with you - but not in this case.

    Mainly because of the previous delay in EU mandatory implementation of the the 4AMLD

    Also because of the following extracts from the ann rpt:

    1. A major development for the company was the introduction of iSignthis eMoney Ltd (“ISXPayTM”). ISXPayTM was created to form the payments side of the business so iSignthis can provide merchants with a full end to end solution, strengthening our competitive advantage.

    2. We continue to be the only company offering identity proofing services in
    conjunction with payment services and we will continue to make the most of this competitive advantage.

    3. the entry into regulatory force of the first of the two critical
    EU regulatory regimes, being the 4AMLD, with the PSD2
    slated for mid 2018. With the 4AMLD now in force, one
    of the two core regulatory drivers our business case
    relies upon is now in place in the EU.

    4. iSignthis’ PaydentityTM solution went live with award
    winning, FX trading leader, XM.com.uk. XM has
    over 1,000,000 clients from over 196 countries and
    executes over 150,000,000 trades. iSignthis is currently
    processing and authenticating these transactions,
    whilst on-boarding and performing KYC checks on
    these customer to AML standard.

    and similar.

    Also I thought that John, whotends to be low key in his reports, was very upbeat in tone.
 
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