TRADOLOGIC enters into partnership agreement with Digital KYC provider iSignthis (ASX : ISX)

Company Name: iSignthis

Announcement Date: 11/07/2016
Announcement Category: Contract/Partnership
Announcement Content:

Highlights:
• iSignthis executes partnership agreement with the world’s leading binary options platform provider, TRADOLOGIC
• TRADOLOGIC to refer iSignthis Digital KYC solution to new clients
• iSignthis to provide incoming TRADOLOGIC clients with 4th AML Directive and PSD2 compliance

Melbourne, 8th July 2016 - iSignthis Ltd (ASX : ISX) is pleased to announce that it has entered into a partnership agreement with the world’s leading binary options platform provider, TRADOLOGIC. The TRADOLOGIC platform has over 70 operators on its platform, including Option Bit, ZoomTrader and SBObet.

Over 1.5m customers access the TRADOLOGIC platform per annum, with more than 900m payment transactions being executed annually. Integration is scheduled for circa 2-3 months, with operators being able to take advantage of the ISX services by mid to late 2016.

TRADOLOGIC will be able to offer its new and existing clients a secure, automated Digital KYC solution from iSignthis. The KYC solution will extend the reach of TRADOLOGIC’s clients, who will be able to successfully onboard within minutes any of the world’s 3.5Bn financially included persons via iSignthis. TRADOLOGIC will be able to provide online financial trading and gaming industries with a compliant solution that not only meets the 4th AML Directive and PSD2 but also optimises customer experience to meet AML/CTF requirements.

Established in 2008, TRADOLOGIC offers a cutting-edge binary options platform, which has reinvented the online financial trading and gaming industries. Managing the largest IT Development Centre in the binary industry, TRADOLOGIC strive to be at the front of the industry’s innovation. Their outstanding technological advancement has been recognized as the best binary option platform at numerous events. TRADOLOGIC provide the appropriate tools required to strengthen the operator’s brand in the global and local market.
The iSignthis Digital KYC service aligns with Tradologic providing the trading industry with the platform required to commence trading in binary options. TRADOLOGIC has successful partnerships with white label operators worldwide in providing the key services required. iSignthis now fits within that model in providing world’s best practice Digital KYC and on boarding solutions to their growing customer base.

Tradologic’s CEO Michael Golod commented: “This partnership is a logical next step in our efforts to automate various aspects of the business, such as marketing, onboarding, KYC. iSignthis will not only reduce the manual work of our clients but will add an extra layer of security. ”

iSignthis Managing Director Mr. N J (John) Karantzis commented “This is a significant partnership for iSignthis. We are delighted to be working with TRADOLOGIC to deliver enhanced customer due diligence solutions to the binary option operators on their platform”.

Announcement URL: http://www.asx.com.au/asxpdf/20160708/pdf/438ftz1xz44gkf.pdf
About iSignthis:

Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX : ISX / FRA : TA8) is the only neobank focussed on making business banking simpler. We are the global leader in remote identity verification, payment authentication and payment processing to meet AML/CFT requirements. iSignthis provides an end-to-end on-boarding service for merchants, with unified deposit taking, IBAN accounts, payments, card acquiring and identity service via our Paydentity and ISXPay® solutions.

By converging payments and identity, iSignthis delivers regulatory compliance to an enhanced customer due diligence standard. We offer global reach to any of the world’s 4.2Bn ‘bank verified’ card or account holders, that can be remotely on-boarded to regulated merchants in as little as 3 to 5 minutes.

iSignthis is the trusted back office solution for regulated entities, allowing our customers to stay ahead of the regulatory curve and focus on growing their core business.

We are a principal of Visa, Mastercard, JCB, ChinaUnionPay and AMEX.

Go to Company Profile for: iSignthis

Announcement Contact: [email protected]