The NSX is a competitor of the
As part of that investment, the NSX and ISX agreed to form the ClearPay joint venture to compete with the ASX's monopoly clearing and settlement operation '
I'm excited about combining ISX's proven ability to integrate to trading platforms, DLT and payment systems to build a world class DvP platform for NSXA. Further, we look forward to offering different financial products to that of the ASX, whilst continuing to compete on company listings which will include a focus on companies in emerging FinTech sectors.
It was agreed with the board of the NSX that my appointment as interim CEO would allow the joint venture to be more efficient in delivering ClearPay. The intent is to also ensure that the new DvP platforms products, compliance, and operations are consistent with not only with the existing NSXA market licenced infrastructure but also designed to be operationally & regulatory compliant with other third-party financial market operators.
My role at the NSX is principally strategic, but I will also be responsible and accountable for the organisation as interim CEO. From an ISX perspective, my appointment means that I can focus on achieving results for both the NSX and ISX, as well as our shareholders, in a time efficient manner.
Delivery of ClearPay will require a 'start up' approach, and will be led by myself and ISX's CTO,
We intend to appoint an Operations Manager of the
Please be assured that delivery of shareholder value, for both ISX and NSX shareholders, is my primary objective by delivering competition into the Australian cash equity market.
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
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