The Company continues to build on the success of having designed and built its own regtech platforms: Paydentity(TM), ISXPay(R) and flykk(R), and having significantly enhanced Probanx(R), since acquiring that software platform in 2018.
Our platforms create opportunities for the company to deliver to customers either regtech licensing or delivery of regulated services underpinned by our regtech platforms.
Financial Summary
- Maiden statutory profit of circa
- 'Operational' EBIT of circa
- Revenue of
- Cashflow positive model, with
- Client Funds held
- Subsequent to end of the financial year, the NPAT positive trend continued in
- Cash and cash equivalents of
Non Cash, Non Operational and One Off costs Include:
- New Product R&D Spending of
-
- Card Scheme Membership Extended to Diners, Discover and Visa Australia
- Intellectual Property protection including new patent applications
- ASX suspension related costs of circa
- Non cash costs of
Company Highlights
- Strong Growth in our GPTV from
- Appointment of CFO,
- Rated "Prime" by ISS ESG
- Admission to ASX300 and All Ordinaries index
- Soft launch of our flykk(R) e-money ecosystem
- Visa Australia Principal Membership achieved
- BREXIT transitional
- Integration of people, product & commercial approach of
- UAB BBS acquisition completed for
- Integrated Probanx to
- Probanx CorePlus platform 3rd party certified to APRA CPS234
- Intellectual Property enhanced, with further patents granted
- Deployed merchants to our own designed & built Tier 1 card processing network
- Resubmitted APRA (ADI PPF) , ASIC (AFSL) and RBA (ESA) submissions between February - June to accommodate brokers and market operators, which led to the NSX agreements.
To view the Annual Report, please visit:
https://abnnewswire.net/lnk/C3396MAE
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
Copyright (C) 2020 ABN Newswire. All rights reserved., source