iSignthis Ltd Stock Market Press Releases and Company Profile
XM.com to implement iSignthis Digital KYC
XM.com to implement iSignthis Digital KYC

Melbourne, July 7, 2016 AEST (ABN Newswire) - iSignthis Ltd (googlechartASX:ISX) is pleased to announce that it has entered into an agreement with one of the industry leaders in online Forex and CFD trading, XM.COM.

Highlights:

- iSignthis executes agreement with leading global online currency trading platform, XM.COM

- iSignthis Digital KYC service to be made available to all XM.com customers from mid to late 2016

- iSignthis service provides enhanced due diligence per EC 4th AML Directive requirements, June 2016 CySec regulatory update and other FATF model jurisdictions

iSignthis will integrate with XM.COM to deliver its enhanced due diligence Digital KYC service. The iSignthis service will provide XM.COM with a user friendly, automated customer onboarding system, allowing XM.com to meet the stringent KYC requirements of CySec and the EU's 4th AML Directive ("4AMLD"). The 4AMLD is set to come into effect in June 2017 within the EU.

The iSignthis service opens up the potential customer market for XM.COM to any of the worlds 3.5Bn financially included persons, with XM able to onboard customers who elect to pay by credit or debit card within minutes.

With over 500,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm, and has become a true industry leader. XM is headquartered in Cyprus with global operations.

iSignthis Managing Director Mr. N J (John) Karantzis commented "We are delighted to reach agreement with XM.COM, enabling XM to take advantage of iSignthis' world best practice online identity services."

About XM.Com

With over 500,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader.

XM currently employs more than 200 professionals whose combined expertise represents the greatest talent pool to be found at any forex broker.

Our extensive experience combined with support in 24 languages, makes XM the broker of choice for traders of all levels, anywhere. Read more about the company at their website http://www.xm.com

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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