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iSignthis grants technology licence to

iSignthis Ltd (ASX:ISX) has granted a licence to Australian online retailer Ltd (ASX:KGN) for a period of 12 months.
iSignthis grants technology licence to
iSignthis Ltd grants technology licence to

iSignthis is a payments and identity processing platform that automates know you customer (KYC), anti-money laundering and transaction monitoring services.

The company’s Paydentity solution incorporates real time electronic verification to converge remote payment authentication and KYC identification.
Industries including foreign exchange trading and gaming/wagering have strict KYC rules to prevent money laundering.

This bodes well for iSignthis’ KYC solution, which meets stringent KYC regulations related to the Anti-Money Laundering and Counter-Terrorism Financing Act.

According to Thomson Reuters, data from CLS Bank showed the average daily trading volume for the Foreign Exchange industry was USD$4.8 trillion in January, 2016.

In 2016, regulated betting is predicted to increase to $70 billion, as it has seen a 5.4% annual average growth rate between 2001 and 2013.

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iSignthis Ltd Timeline

September 24 2015
December 31 2014

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