iSignthis Ltd Stock Market Press Releases and Company Profile
FXNet.com selects iSignthis for Digital KYC Services
FXNet.com selects iSignthis for Digital KYC Services

Melbourne, July 12, 2016 AEST (ABN Newswire) - iSignthis Ltd (googlechartASX:ISX) is pleased to announce that it has entered into an agreement with online Forex and CFD broker, FxNet Ltd.

FxNet Ltd is a global Forex award winning broker which offers online trading services to clients in over 100 countries, including Islamic, Multi-Account Manager and Corporate trading accounts.

Highlights:

- iSignthis executes agreement with global online currency (Forex), shares and commodities (CFDs) broker, FxNet Ltd.

- The iSignthis Digital KYC service is available for rapid, automated customer onboarding.

- The iSignthis service provides enhanced due diligence as per EC's 4th AML Directive requirements as well as the June 2016 CySEC regulatory update.

- Integration is set to be completed within 10 weeks, allowing commercial services to commence shortly thereafter.

FxNet will integrate with iSignthis over the coming two and half months in order to take advantage of the iSignthis enhanced due diligence Digital KYC service. The iSignthis service provides its clients with a user friendly, automated customer onboarding system, allowing FxNet to meet the stringent KYC requirements and demands of CySEC and the European Union's 4th AML Directive ("4AMLD"). The 4AMLD is now likely to come into effect in the EU by 1st January 2017; six months earlier than the original date.

FxNet is regulated by the stringent EU AML requirements by Cyprus' CySEC (Cyprus Securities & Exchange Commission). The company is also registered with the United Kingdom's - FCA (Financial Conduct Authority), Germany's BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), France's ACP (Autorite de Controle Prudentiel), Spain's CNMV (The Comisión Nacional del Mercado de Valores), The Netherlands AFM (Autoriteit Financiële Markten), and Norway's FINANSTILSYNET (Financial Supervisory Authority of Norway).

The iSignthis service opens up the potential customer market for FxNet to any of the world's financially included persons resident in FATF or MONEYVAL member countries (or equivalents).

Once the iSignthis service has been integrated with FxNet's systems, the broker will be at an advantage as they will be able to onboard customers in minutes, where they elect to pay by credit or debit card.

About FxNet Ltd (http://www.FxNet.com)

FxNet Ltd is a global Forex broker which offers online trading services to clients in over 100 countries worldwide. As a global, fully licensed STP broker, FxNet offers unparalleled trading conditions designed to meet the needs of pro and new traders. From its headquarters in Limassol, FxNet has created a secure trading network, which consists of high-end trading technologies and prestigious partnerships (IB's), all of which enable FxNet to be a secure, transparent and reliable broker.

FxNet is run and managed by experienced professionals with over a two decade's worth of experience in the financial industry, all of which result in its clients viewing the company as a worthy broker that innovatively delivers fast execution and exceptional customer service time and time again.

Read more about the company via their website www.FxNet.com. For more information, please contact the FxNet Marketing Director:

Jaymes Marsh
Jaymes@FxNet.com
+357-25-108-111

About iSignthis Ltd

iSignthis LtdiSignthis Ltd (ASX:ISX) (FRA:TA8) is a hybrid monetary financial institution and also a RegTech leader in remote identity verification, payment authentication with deposit taking, transactional banking and payment processing capability. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment, electronic money and identity service via our Paydentity(TM) and ISXPay(R) solutions.

By converging payments and identity, iSignthis delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world's 4.2Bn 'bank verified' card or account holders, that can be remotely on-boarded to meet the Customer Due Diligence requirements of AML regulated merchants in as little as 3 to 5 minutes. Paydentity(TM) has now onboarded and verified more than 1.5m persons to an AML KYC standard.

iSignthis Paydentity(TM) service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business. iSignthis' subsidiary, iSignthis eMoney Ltd, trades as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, and Australia.

ISXPay(R) is a principal member of Mastercard Inc, Diners, Discover, (China) Union Pay International and JCB International, an American Express aggregator, and provides merchants with access to payments via alternative methods including SEPA, Poli Payments, Sofort, PRZ24 and others.

Probanx Solutions Ltd, a wholly owned subsidiary of iSignthis Ltd, provides API based access to CORE Banking solutions, SEPA Core, SEPA Instant and SEPA business scheme, for neobanks, banks, credit unions and emoney institutions, and provides a bridge to the Eurosystem's Central Bank of Lithuania's CENTROLink service.

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Contact

Todd Richards
Company Secretary
T: +61-3-8640-0990
E: investors@isignthis.com



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