• iSignthis to provide services to complement and support existing Calforex KYC procedures.
• The patented Paydentity service will assist in meeting AML requirements for the North American customer base whilst also providing an opportunity for global expansion.
• Subsidiary company GoInterpay to integrate and utilise iSignthis for identification of UBO’s, key controllers and Directors.
• Service to go live in AU 4QFY17.
Melbourne, 14th February 2017 - iSignthis Ltd (ASX : ISX) is pleased to announce that it has entered into an agreement with foreign exchange business, Calforex and sister company GoInterpay.
iSignthis will provide Calforex and GoInterpay with their Digital KYC (Know Your Customer) enhanced due diligence solution. Calforex will be utlising the iSignthis Digital KYC solution to support existing processes and verify the identity of end users using their platform. The iSignthis service will allow GoInterpay to verify the identity of key controllers, ultimate beneficial owners (UBOs) and directors in the business. The service is set to go live in the 4th quarter of the 2017 Australian financial year.
Calforex provides foreign exchange cash, bank note, wire, and EFT services to individuals, financial institutions, importer/exporters, and law firms in Canada. GoInterpay is a global payments provider built solely for retailers.
Together Calforex and its subsidiary GoInterpay, have over 500,000 end users, key controllers, UBOs and directors. As Calforex and GoInterpay continue their growth and expansion, new end users, key controllers, UBOs and directors will need to be subject to KYC.
The iSignthis Digital KYC service will allow Calforex to extend their reach with the opportunity to on-board to an enhanced due diligence leavel any of the world’s 3.5Bn financially included persons.