Non-Executive Director Appointment
Non-Executive Director Appointment
Melbourne, July 3, 2018 AEST (ABN Newswire) - iSignthis Ltd (ASX:ISX) (FRA:TA8) is pleased to announce the appointment of Mr. Christakis (Takis) Taoushanis as a non-executive director. Taoushanis has since 10th April 2017 served as Chairman of the Board of iSignthis eMoney Limited, the Company's 100% owned subsidiary incorporated in the Republic of Cyprus.

Highlights:

- Christakis Taoushanis appointed as Non-Executive Director to parent board

- 30 years + banking industry experience, including the HSBC Group

Mr. Taoushanis holds a BSc degree in Economics, and a Master's in Business Administration received from the London School of Economics and the London Business School, respectively. Mr. Taoushanis brings extensive banking and finance knowledge and experience to our organisation having spent over 30 years in the industry in various senior roles.

Previously, Mr. Taoushanis has worked for some of the world's largest banks in a number of different locations including Chicago, Greece, Hong Kong and Cyprus. This includes serving at Continental Illinois National Bank of Chicago for four years, the HSBC Group for eighteen years, with twelve of those as the Managing Director of the Cyprus subsidiary, and eight years as the Chief Executive Officer of the Cyprus Development Bank(see Note 1 below).

Since 2011, Mr. Taoushanis has been working with the private firm TTEG & Associates, providing services as an advisor to several companies.

Additionally, Mr. Taoushanis has been an active member of many company boards, mostly of foreign interests, across a variety of sectors including financial services and real estate. He has acted as Chairman of the Association of Cyprus Commercial Banks(see Note 2 below) as well as being an active member of the Cyprus Rotary.

In August 2016, Mr. Taoushanis was appointed as Chairman of the Cyprus Cooperative Bank(see Note 3 below), a systemically important bank in Cyprus, after receiving approval from the Central Bank of Cyprus, the European Central Bank and the Cyprus Parliament. Mr Taoushanis served as Chairman up until his resignation on 13th October 2017.

The Company has also appointed Mr. Taoushanis as its representative to the European Cards Stakeholders Group (ECSG)(see Note 4 below), of which the Company was a founding member, and in which Mr Taoushanis is a full voting board member(see Note 5 below).

Mr Tim Hart, Chairman of iSignthis, said "On behalf of the Company, it is my pleasure to welcome Takis to the board of directors of the Australian and Frankfurt Stock Exchange listed iSignthis Ltd. We look forward to Takis bringing his international and European banking experience to iSignthis, particularly as we commence execution of the next phase of our strategy towards offering further services as a neo-banking institution focused on regulated businesses in the AML sector."

Notes:

1 http://www.abnnewswire.net/lnk/M1MX79A8

2 http://www.abnnewswire.net/lnk/R2I3Y012

3 Formerly known as the Cooperative Central Bank of Cyprus

4 http://www.abnnewswire.net/lnk/R1VC8G47

5 http://www.abnnewswire.net/lnk/SWK43Q22

6 http://www.abnnewswire.net/lnk/TZT0X9AP


About iSignthis Ltd

iSignthis LtdiSignthis Ltd (ASX:ISX) (FRA:TA8) is the global RegTech leader in remote identity verification, payment authentication and payment processing. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment 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 regulated merchants in as little as 3 to 5 minutes.

iSignthis Paydentity 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' and its subsidiary, iSignthis eMoney Ltd, trade as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, Australia and New Zealand. ISXPay is a principal member of Visa Inc, Mastercard International and JCB International.

Read more about the company at our website http://www.isignthis.com

      


Contact

Media: contact@isignthis.com

Investor Relations
Chris Northwood
Activ8Capital
T: +61-458-809-177
E: cnorthwood@isignthis.works or investors@isignthis.com



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