iSignthis Ltd (ASX:ISX) (FRA:TA8), the world leading RegTech for identity verification and payment services, is pleased to announce that it has completed the integration of its services with UK Financial Conduct Authority (FCA) regulated Valutrades (www.valutrades.com), which offers CFD's and FX trading.
- iSignthis completes integration and the service is now "live and transacting" processing payments to Valutrades nominated acquirers
- Paydentity(TM) enabled to verify Valutrades customers using its patented identity verification process.
- Revenue from the Valutrades partnership has commenced and will contribute in the current quarterly results.
- Identity and Transaction processing has commenced this week and will contribute revenue in the current quarter.
iSignthis is now providing Valutrades with its full range of Paydentity services, including Digital KYC, Strong Customer Authentication, Fraud Prevention, Payment Gateway and Card Tokenisation. The Company is not as yet providing ISXPay services, including card acquiring, funds processing and settlement, but this may become part of an integrated ISX service offering once the WorldLine integration has been completed.
The Company at present does not have any information available in regards to processing volumes and revenues that may be generated. It will however continue to provide historical reporting at the end of each quarter and trading updates as appropriate, in order to give as much detail as possible to investors regarding transactional volumes through this rapid growth phase.
iSignthis Managing Director Mr. N.J. (John) Karantzis commented "We are pleased to see further contracted customers integrating to our service platform and beginning to process 'live' transactions via the Paydentity system. This demonstrates the additional adoption and increases the revenue generation across a number of accounts and business sectors. We are delighted to be working with Valutrades, and appreciate the confidence placed by Valutrades in iSignthis to deliver key backoffice compliance services."
The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.