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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.

4Play

Fast Track Enters into Partnership with 4Play

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Fast Track, the leading player engagement platform built specifically for the iGaming industry, has partnered with 4Play, a dynamic and innovative gaming operator renowned for its exceptional player experiences in both casino and sports betting.

Launched in 2023, 4Play has rapidly gained recognition in the industry, primarily targeting the burgeoning Brazilian market. With a commitment to delivering unparalleled entertainment, 4Play offers its players a seamless experience in Portuguese, featuring popular gaming verticals such as casino and sports betting.

4Play’s decision to integrate Fast Track CRM comes as part of its strategic initiative to bolster player retention and streamline operations through advanced automation. Fast Track’s robust platform will enable 4Play to automate complex player journeys, ensuring each interaction is personalised and timely.

“We are excited to partner with Fast Track to elevate our player engagement strategies. Their innovative approach to CRM and their commitment to creating individualised player experiences align perfectly with our vision for 4Play. We look forward to leveraging their platform to enhance our player retention and operational efficiency,” Mateus Ihering, Chief Operating Officer of 4Play, said.

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Fast Track’s CRM platform, recognised for its real-time data capabilities and comprehensive automation suite, will support 4Play in achieving its business goals. By automating player communications and optimising the registration journey, 4Play aims to significantly increase its number of depositors while maintaining a high level of engagement among its 148,000 monthly active users.

Simon Lidzén, Co-Founder and CEO of Fast Track, said: “We are delighted to welcome 4Play into the Fast Track family. Their innovative spirit and dedication to providing top-tier player experiences make them an ideal partner. Together, we will set new standards in player engagement and retention, ensuring that 4Play continues to thrive in the competitive iGaming landscape.”

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Andrés Tamayo

Pragmatic Play Enhances FullReto Partnership with Virtual Sports Addition

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Pragmatic Play, a leading content supplier to the iGaming industry, has reinforced its commitment to Latin American expansion by strengthening its existing relationship with Colombian operator FullReto.

The latest agreement will see FullReto offer its players a broad selection of Pragmatic Play’s unique Virtual Sports titles, building on an already extensive offering of over 300 Slots and Live Casino games.

Fantastic League, Greyhound Racing, and the thrilling motor racing-themed Force 1 are among the games now available to FullReto customers as the operator looks to capitalise on the rapidly increasing popularity of Virtual Sports to consolidate its position as a leading platform in Colombia.

The multi-product partnership reaffirms Pragmatic Play’s intentions to expand its offering in the LatAm markets, with FullReto now offering a vast catalogue of Pragmatic’s award-winning games across three verticals.

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Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is delighted to reinforce its partnership with FullReto by providing its players with access to its renowned Virtual Sports games. The deal not only emphasises Pragmatic Play’s desire to provide Colombian players with an exciting online gaming experience, but also demonstrates the supplier’s dedication to furthering its Latin American expansion.”

Andrés Tamayo, General Manager at FullReto, said: “FullReto’s continued collaboration with Pragmatic Play highlights our main objective of supplying the optimal player experience. The addition of Pragmatic Play’s Virtual Sports offering, on top of its Slots and Live Casino games, will ensure FullReto players have access to hundreds of fan-favourite games across a variety of verticals.”

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Alonso Huiman

Pragmatic Play Launches Live Casino Offer at Atlantic City

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Pragmatic Play, a leading content supplier to the iGaming industry, has expanded its Live Casino footprint across Peru after going live with major local operator, Atlantic City.

The partnership sees Pragmatic Play’s full Live Casino portfolio integrated with the operator, enabling players in Peru to enjoy market-leading titles such as Blackjack, Roulette, and Baccarat from the supplier’s award-winning portfolio.

This latest agreement showcases Pragmatic Play’s plans for growth in LatAm, exhibiting an array of its verticals across multiple territories in recent months. It is the latest deal signed by Pragmatic Play with a Peruvian operator, following a comprehensive growth strategy in the country.

Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Atlantic City is one of Peru’s most reputable operators and offers another opportunity to showcase the Pragmatic Play Live Casino portfolio in Peru. With an offering that will deliver exceptional gaming experiences to players, this partnership promises to cement Pragmatic Play’s position at the forefront of the Peruvian iGaming industry.”

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Alonso Huiman, Chief of Online Casino at Atlantic City, said: “This landmark agreement with Pragmatic Play is a pivotal moment for us. Its vast selection of table and card games will resonate seamlessly with our player base and we are confident that this will propel our brand to new heights.”

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