The Company intends to merge its technical teams from iSignthis eMoney Ltd,
The technical teams will operate as a separate business unit and profit centre, under the direction of ISX's Chief Technology Officer Mr
The new group will be able to offer unified sales and solutions of Paydentity(TM) KYC/KYCC IDVaaS, ISXPay(R) Major Card Scheme SaaS and Probanx(R) CorePlus CORE Banking platforms, integrated with the Baltic Banking Service SEPA Core, SEPA Instant SaaS.
The technical services will be marketed under "Probanx Solutions", and will be responsible for the development, support and maintenance of the Paydentity(TM), ISXPay(R) and Probanx(R) platforms.
Probanx Solutions will support ISX's European Economic Area authorised electronic money and payment service provider, iSignthis eMoney Ltd, and the Company's Australian payment service providers
Probanx Solutions will also continue to support the Company's external customers, comprising banks, credit unions, electronic money institutions and payment service providers, and will operate and report as a separate profit centre.
The UAB Baltic Banking Service team will also merge into Probanx Solutions group at the conclusion of the earn-out period in
The Company's total number of staff has increased by more than 75% in the past 12 months.
The Company now has 97 full-time employees with 41 technical personnel across
ISX has invested in new facilities in
This restructuring initiative will also result in further technical roles in
About
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
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
ISXPay(R) is a principal member of
UAB Baltic Banking Service, a wholly owned subsidiary of
Contact:
Investor Relations
Investor Relations Director
chris.northwood@isignthis.com
+61 (0) 458 809 177
Media Enquiries
Director
mark.hawthorne@civicfinancial.com.au
+61 (0) 418 999 894
Investor Relations Europe
Dr
Friedrich Ebert Anlage 35-37
Tower 185
60327
e.reuter@dr-reuter.eu
+49 (0) 69 1532 5857
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