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Web Shield & iSignthis to deliver unified legal entity & UBO KYC

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Web Shield & iSignthis to deliver unified legal entity & UBO KYC

Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd , the global leader in RegTech for identity verification, is pleased to announce that it has executed an agreement to integrate its Paydentity™ UBO Service with Web Shield Ltd’s InvestiGate platform.

 

Web Shield is a world leader in Know Your Customer Corporate/Business (KYCB) Customer due diligence services, which focusses verifying legally incorporated entities, corporations, clubs, trusts and associations. Each of these entities will ultimately have one or more natural person behind them, who also needs to be identified and verified. The InvestiGate platform currently identifies the natural person, but does not incorporate KYC services that can verify the individual natural persons who comprise the Ultimate Beneficial Owners (UBO), Persons of Significant Control (PSC) or directors of the entities being subjected to due diligence by its customers.

iSignthis integration to Web Shield’s platform will allow InvestiGate customers to also benefit from the unique Paydentity™ KYC Solution, whereby the unification of KYCB and KYC individual will be a world’s first to offer complete end to end customer due diligence services automatically. Verification of natural persons has until now been a largely manual process, that requires extensive time and persistence to complete.

Web Shield is an official MasterCard Merchant Monitoring Service Provider (MMSP), and serves the global market of acquiring banks and payment service providers. Web Shield currently serves over 140 clients all around the globe, with their current customer base mainly in the US, UK, Europe and the CIS countries.

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We saw the exceptional work done by iSignthis on Paydentity™ and instantly knew that we had to integrate it into our InvestiGate underwriting platform,” said Web Shield CEO and Founder Christian Chmiel.This partnership provides our customers with another valuable tool to mitigate risk in their merchant portfolio. Whilst Web Shield has been a global company from the beginning, the ideas behind its solutions were first developed in the Compliance departments of Germany’s expanding merchant acquirers of the late 2000’s. Today, Web Shield counts the majority of Germany’s international acquiring business and globally-minded payment service providers among their customers – which was one of the deciding factors for moving its headquarters to Leipzig in 2015.

iSignthis CEO John Karantzis said, “We are delighted to be delivering wholesale identity services to Web Shield. Paydentity™ solves the verification problem of UBO/PSC’s globally, and together with InvestiGate, forms the worlds most advanced customer due diligence platform, targeting natural and legal entities. The partnership with Webshield is strategic, allowing iSignthis to deliver core product into an adjacent market sector, as well as establishing a means to penetrate the German market.

John Karantzis further said “The 4th Anti-Money Laundering Directive (4AMLD) now includes a requirement to verify UBO’s and PSC’s typically after they have been identified as being associated with an entity by Webshield or other means. This is a new requirement that incorporates AML regulated sector businesses including marketplaces, trading sites, payment service providers, acquiring banks, and law and audit firms. Verifying the UBO/PSC, which is a new requirement under the 4AMLD, would take several days effort, and it can now be done in less than five minutes. This revolution in cost reduction and time saving is made possible by the Paydentity™ solution.

Since the 2011 Financial Crises US banks alone have incurred compliance fines of approximately US$119 Bn whereas the total global market for KYC for business compliance is thought to be US$70Bn (Source ASX : KYK)

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About Web Shield 

Web Shield‘s mission is to identify criminal or non-compliant traders in your portfolio and protect them from problematic new customers.

Our high-precision digital investigation tools InvestiGate and PULSE enable financial institutions, acquiring banks and payment service providers to make sound onboarding decisions and alert you if existing customers are questionable.

Our software-as-a-service solutions show where risky situations arise and your best options when it comes to effective risk reduction – to save you time and money.

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Web Shield is an official Mastercard Merchant Monitoring Service Provider.

 

About iSignthis Ltd 

Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd is the global RegTech leader in remote identity verification, payment authentication and payment processing. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment 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, offering global reach to any of the world’s 3.5Bn ‘bank verified’ card or account holders, that can be remotely on-boarded to regulated merchants in as little as 3 to 5 minutes.

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iSignthis Paydentity 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 and its subsidiary, iSignthis eMoney Ltd, trade as ISXPay®, and are an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, Australia and New Zealand. ISXPay is a principal member of Mastercard Worldwide and JCB International.

 

For more information, please contact:

iSignthis Ltd (ASX : ISX) Media: [email protected]

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Investor Relations,
Chris Northwood, Activ8Capital, +61458 809 177, [email protected]

The post Web Shield & iSignthis to deliver unified legal entity & UBO KYC appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

Amusnet

Amusnet Gears Up for the Inaugural SBC Rio 2024 in Brazil’s Newly Regulated Market

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Amusnet, a leading online slots and live casino content provider, announced its participation in the first-ever SBC exhibition in Brazil, SBC Rio 2024. This milestone event marks a significant moment for the iGaming industry in Brazil, following the country’s recent move to embrace regulation, opening new avenues for operators and content providers alike.

“The new regulatory framework in Brazil is a significant opportunity for leading online casino providers like Amusnet, and we are fully committed to becoming a key player in this vibrant market too. Our goal is to collaborate with all licensed operators in Brazil, providing them with high-quality, innovative gaming solutions tailored to meet the preferences of Brazilian players,” said Daniel de los Rios, Commercial Manager LATAM at Amusnet.

At SBC Rio 2024, Amusnet online casino selection will feature slot games, compiling the most-loved and well-performing titles, such as Hot Deco, Diamond Plus, Extra Crown, Phoenix Star, and Cocktail Rush. Among these, the spotlight will be on the exciting and innovative 20 Golden Coins, which stands out with its Bonus Coins and Reel Nudge features. Moreover, the festive reels of Dancing Dead will captivate visitors with its attractive theme and thrilling bonus features.

In the Live Casino vertical, Amusnet will bring its most popular live games, including Vegas Roulette 500x, Dynamic Roulette 120x, and Live European Roulette. Moreover, the company will unveil its upcoming games, Baccarat and Dynamic Sic Bo, designed with Asian elegance and featuring fast-paced gameplay. Both games will be hosted by entertaining live dealers 24/7, guiding players through the immersive gaming experience.

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As the iGaming landscape in Brazil evolves, Amusnet is optimistic about its prospects in the market. The company anticipates a significant growth trajectory by the end of the year, driven by strategic collaborations and the introduction of tailored gaming solutions.

“SBC Rio 2024 is not just an exhibition for us; it’s a gateway to various opportunities in the Brazilian market. We are here to learn, share, and contribute to the burgeoning iGaming ecosystem in Brazil. See you there,” shared Daniel de los Rios.

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Digicode

Digicode Appoints Itai Zak as Executive Director for iGaming Division

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Digicode, a leading provider of innovative software solutions, has appointed Itai Zak as Executive Director for the iGaming division. In this role, Itai will drive the growth and strategic direction.

With over 15 years of experience in the iGaming industry, Zak brings a wealth of knowledge and expertise to Digicode. He has a proven track record of successfully leading and scaling businesses in the online gaming sector, gaining experience as the CEO of SBTech, GoWild Gaming, and Spiral Solutions.

Under Itai’s visionary leadership, GoWild Casino not only seamlessly transitioned to a state-of-the-art iGaming platform but also achieved an astounding 450% increase in profitability, driven by Itai’s strategic expansion into new markets and his ability to build and lead a formidable team of over 300 professionals.

At SBTech, Itai was instrumental in redefining the company’s sales, marketing, and business development approach, transforming SBTech into a leading provider of turnkey sports betting and iGaming solutions. His efforts have helped grow the company from 60 to over 600 employees across multiple global locations, with significant year-on-year growth in net profit.

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Itai’s appointment is a testament to the company’s commitment to innovation, excellence, and strategic growth within the iGaming sector. His proven track record in navigating complex regulatory environments, coupled with his forward-thinking approach to product and market strategy, positions Digicode for exciting advancements in its iGaming offerings.

“We are thrilled to have Itai Zak join our team. His deep understanding of the iGaming landscape and leadership skills will be invaluable as we continue to innovate and expand our foothold in this dynamic industry. Also, Itai’s proven track record in navigating complex regulatory environments, coupled with his forward-thinking approach to product and market strategy, positions Digicode for exciting advancements in its iGaming offerings,” Max Maslii, President and global CEO at Digicode, said.

In his new role, Zak will develop and execute Digicode’s iGaming strategy, focusing on driving revenue and growth. He will work closely with the product development and sales teams to deliver cutting-edge solutions tailored to the unique needs of iGaming operators.

“I am excited to join Digicode and lead their iGaming division. Digicode has a proven track record of delivering innovative software solutions, and I am eager to contribute to their continued success in the iGaming market,” Itai Zak said.

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City Center Online

Pragmatic Play Goes Live with City Center Online in Argentina

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Pragmatic Play, a leading content provider to the iGaming industry, is enhancing its standing in Argentina and is now live with City Center Online.

Taking its leading Slots portfolio to the online casino, City Center Online’s players are now set to benefit from leading titles, including award-winning hits like Sugar Rush and Gates of Olympus as well as more recent releases from Pragmatic Play’s ever-expanding portfolio such as Pub Kings and Mustang Trail.

This latest agreement follows a series of partnerships that Pragmatic Play has struck across the regulated LatAm markets, combined with several regional industry awards, further cements its position as the leading supplier in Latin America.

Victor Arias, VP of Latin American Operations at ARRISE powering Pragmatic Play, said: “We are delighted to announce Pragmatic Play’s agreement with City Center Online as the brand continues its upward trajectory and supply even more LatAm operators with its acclaimed, industry-leading titles.

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“With Pragmatic Play’s renowned slot library now live on the platform, we are confident they will be a hit with City Center Online’s players, and we look forward to see its content provision expanding even more in the near future.”

Samanta Zio, Online Gaming Manager at City Center Online, said: “The quality and brand recognition that is brought on by Pragmatic Play games cannot be understated and we are delighted to now offer its portfolio to our players.

“Underpinning our commitment to providing premium gaming experiences to audiences in Argentina, we are confident this partnership is a momentous win for City Center Online.”

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