Leverate Selects iSignthis Paydentity Solution
- iSignthis executes agreement with Leverate Financial Services Ltd to provide our full Paydentity solution
- Paydentity includes the iSignthis Digital KYC service enabling rapid, automated customer onboarding
- iSignthis to provides enhanced due diligence as per EC's 4th AML Directive requirements as well as the June 2016 CySEC regulatory update.
- Service is set to be live and transacting in 3 months
- Building further scale and endorsement of the Paydentity solution within the regulated Cyprus FX market
Leverate provide a premium broker solution with currently 100 brokers relying on their solution and over 100,000 traders making up their social trading pool. Leverate have also received several prestigious awards including Best White Label Solutions Provider in 2013 and Best Retail FX Technology Provider in 2012. The iSignthis service will be provided to Leverate's direct operations under this agreement.
The Paydentity solution will offer Leverate a seamless integration by being able to streamline services by converging payments and identity. Leverate will be able to extend their global reach with the ability to verify and on-board any of the world's 3.5Bn card and bank account holders.
Via iSignthis, Leverate will be able to authenticate all online transactions with the additional features of transaction monitoring, threshold management and advanced reporting. iSignthis will also provide Leverate with compliance to the European Commission's 4th Anti-Money Laundering Directive and the 2016 June CySec regulatory update.
Leverate are a premium broker solutions provider, dedicated to delivering a wide array of innovative solutions and services that enable Forex brokers and financial institutions to minimize risk and maximize broker's profit.
Leverate focus on cultivating and sustaining a diverse work environment and workforce, which is critical to meeting the needs of our clients. Our team consists of an optimal combination of market professionals, dealing and support staff, programmers and IT experts collectively focused on delivering premium services worldwide.
About iSignthis Ltd
iSignthis 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.