iSignthis Ltd (ISX.AX) Managing Director's Address to Shareholders

Melbourne, Australia (ABN Newswire) - iSignthis Ltd (ASX:ISX) (FRA:TA8) provides the Company's latest presentation.

iSignthis is publicly listed on the Australian Securities and Frankfurt Stock Exchange (ASX:ISX) (FRA:TA8).

We are the only neobank offering payments, eMoney deposit taking and identity verification across multiple jurisdictions.

As a neobank, we are authorised as an EEA authorised Monetary Financial and Payment Institution, with license to issue emoney, IBAN bank accounts, and operate transactional banking and card services across Europe and which will soon also be available in Australia.

We provide services to cross border, regulated and high value businesses, which includes a complete customer onboarding solution, remote identity verification, credit scoring to payment processing, settlement, spot FX and deposit taking emoney services.

Our inhouse developed Paydentity(TM), Probanx(R) and ISXPay(R) platforms make delivery of these services possible. We have identified more than 1.6m customers to a full AML KYC standard using our patented technology. Most of these customers would be considered high middle to upper income category or high net worth individuals.

The iSignthis Probanx(R) platform now underpins core banking and core networking software to more than 25 banks, credit unions, and payment institutions in North America, Asia Pacific and the EU/EEA, as well as to iSignthis itself in the EU and Australia (as an ADI applicant) .

Q1 FY 2019 Financial Performance

iSignthis Group

- Revenues : $1.85m UP 78% from $1.042m (from Q4 2018)

- Cash Receipts : $1.4m UP 55% from $0.9m (from Q4 2018)

- Recurring costs consistent with budget expectations.

- One off (non recurring) costs this quarter included Scheme and APRA related infrastructure/audits/setup.

ISXPay

- End Q1 > Annualised GPTV $380m > as at 9/5/19 Ann GPTV $542m (based on actual weekly run rate)

- MSF% (average) greater than 125bps

- ISXPay Card Processing : Gross Profit contribution of $620k, with a major reduction in COGS

Technology Group (Probanx + BBS)

- Technology Group : Positive EBIT contribution of $286k to group by Probanx + BBS

Note : MSF% = Merchant Services Fee is applied across each merchants Gross Processed Transaction Volume (GPTV) and is gross profit for card services

To view the full presentation, please visit:
http://abnnewswire.net/lnk/8295T5LD

About iSignthis Ltd:

Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX:ISX) (FRA:TA8) is the global 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 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 Visa Inc, 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, Trustly, WeChat, AliPay and others.

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

Source:

iSignthis Ltd

Contact:

AU Investor Relations: 
Chris Northwood
E: [email protected] 
T: +61-458-809-177 

EU Investor Relations: 
Dr. Eva Reuter 
E: [email protected] 
T: +49 (0) 69 1532 5857