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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  ISignthis Ltd    ISX   AU000000ISX0

ISIGNTHIS LTD

(ISX)
  Report
End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 10/01
1.07 AUD   +14.44%
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iSignthis Ltd (ASX:ISX) Probanx Contracts Further Customers for Core Banking Service

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12/16/2019 | 07:17pm EST

Melbourne, Australia, Dec 17, 2019 - (ABN Newswire) - iSignthis Ltd (ASX:ISX) (HAM:TA8) is pleased to announce that the Company's wholly owned technical services subsidiary, Probanx Solutions Ltd ("Probanx"), has finalized licensing and support agreements with two new unrelated entities, Management Financial Group and Currency One SA.

Management Financial Group (MFG) comprises leading companies specializing in the provision of non-banking financial services in Central and Eastern Europe.

Visit: https://managementfinancialgroup.com

MFG manages an extensive portfolio of successful endeavours in the field of consumer lending, financing of micro and small-sized enterprises, digital lending and other financial businesses models. The MFG companies employ over 7700 employees and consultants in over 450 offices in Bulgaria, Ukraine, Romania, Poland, and Macedonia. MFG brands include EasyCredit, iCredit, Verocash and ProspectCapital.

MFG will be supplied the CorePlus system, including the following modules and features:

- Cards Management Module - Integration with GPS Mode 2

- Probanx(R) Internal APIs

- Wire Payments Module

- Loan Management Module

The MFG service is due to go progressively live from early April 2020 and contribute to revenues, with ongoing maintenance, support and operational fees.

Currency One SA is an online currency exchange market in Poland. It was established as a result of merging the first currency peer-to-peer platform (www.walutomat.pl) with the first online currency exchange bureau (internetowykantor.pl), both of which enable users to exchange currencies quickly and safely.

Visit: https://currency-one.com/en/

Almost 600,000 users already trust Currency One SA, exchanging tens of millions of Euros, Dollars, British Pounds, Swiss Francs and other currencies on a monthly basis.

Currency One SA will be supplied the CoreConnect system, including the following modules and features:

- SEPA Credit Transfer (SCT)

o Secure and SEPA compliant file conversion and formation

o SEPA SCT Payments Schema Compliant

o Fully automated payment processing with IBAN and BIC

o Mass payments

o Data validation tools to validate BIC and IBAN

o Dictionaries control with payer and payee BICs validation

- SEPA Instant Credit Transfer (SCT Inst)

o Secure and SEPA compliant file conversion and formation

o SEPA INST Payments Schema Compliant

o Fully automated payment processing with IBAN and BIC

o Mass payments

o Data validation tools to validate BIC and IBAN

o Dictionaries control with payer and payee BICs validation

The services are due to go live from early February 2020 and will contribute to revenues next financial year (2020), with ongoing SaaS fees. Probanx licenses the CorePlus Core Banking platform comprising a setup/establishment fee in the range of EUR150,000 to 5,000,000 plus monthly Software-as-a-Service (SaaS) fees. ISO20022 based SEPA Core and Instant Credit Transfer (SCT) transactional processing services are charged at between 0.05EUR to 0.15EUR per transaction.


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.

Contact:

Investor Relations
Chris Northwood
Investor Relations Director
iSignthis Limited
chris.northwood@isignthis.com
+61 (0) 458 809 177

Media Enquiries
Mark Hawthorne
Director
Civic Financial Communications
mark.hawthorne@civicfinancial.com.au
+61 (0) 418 999 894

Investor Relations Europe
Dr Eva Reuter
Friedrich Ebert Anlage 35-37
Tower 185
60327 Frankfurt
e.reuter@dr-reuter.eu
+49 (0) 69 1532 5857

Copyright (C) 2019 ABN Newswire. All rights reserved., source Press Releases English

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Financials (AUD)
Sales 2019 34,0 M
EBIT 2019 6,30 M
Net income 2019 6,30 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 107x
P/E ratio 2020 35,7x
Capi. / Sales2019 34,4x
Capi. / Sales2020 15,1x
Capitalization 1 171 M
Chart ISIGNTHIS LTD
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 1,30  AUD
Last Close Price 1,07  AUD
Spread / Highest target 21,5%
Spread / Average Target 21,5%
Spread / Lowest Target 21,5%
EPS Revisions
Managers
NameTitle
Nickolas John Karantzis Chief Executive Officer, Executive Director & MD
Timothy Hart Non-Executive Chairman
Elizabeth Warrell Group Chief Financial Officer & Co-Secretary
Michael Andrewes Chief Technology Officer
Barnaby Egerton-Warburton Non-Executive Director
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