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.
“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)
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.
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.
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]
Chris Northwood, Activ8Capital, +61458 809 177, [email protected]…
CT Interactive Signs Deal with Torrero Platform
CT Interactive has signed a key deal with Torrero Platform N.V and Тorrero Ltd, prominent players in the iGaming industry.
“We are so proud to partner with Torrero. Torrero Platform is a leading player in the iGaming industry, offering a comprehensive suite of solutions designed to empower operators and enhance player engagement. Through this partnership, we will increase our presence in Europe, Brazil, Mexico and Asia,” Lachezar Petrov, CEO at CT Interactive, said.
With a focus on delivering exceptional gaming experiences, CT Interactive continues to push boundaries in the iGaming space through its commitment to quality, creativity, and player-centric offerings.
Antonio Donov, Business Development Manager EMEA at CT Interactive, said: “The collaboration between CT Interactive and Torrero Platform is underpinned by a shared commitment to delivering excellence in the iGaming space. By combining our resources, knowledge, and networks, both companies stand to benefit from the partnership.”
Aleksei Tolstov, Head of Business Development at Torrero, said: “The agreement entails that CT Interactive will be launched on various platforms, including betmaster.com, betmaster.ie, casinoin.ie, bongo.io, and betmaster.com.mx. These games will be accessible in markets spanning from Mexico to Estonia. Torrero.com offers customized casino and sportsbook solutions globally, providing game aggregation services and enhancing multiple brands to deliver top-notch experiences.”
Pragmatic Play Grows in Paraguay and Brazil with Giro Win
Pragmatic Play, a leading content supplier to the iGaming industry, is achieving further expansion in Paraguay and Brazil after signing a multi-vertical deal with Giro Win.
The deal encompasses the supplier’s Slots, Live Casino and Virtual Sports products, bringing its portfolio to an even greater LatAm audience.
Pragmatic Play’s Slots portfolio has seen numerous player-favourite additions in recent weeks that will soon be available for Giro Win’s costumers, including new titles in the iconic Big Bass franchise as well as the renowned John Hunter series. The agreement also includes award-winning staples such as Sugar Rush and Gates of Olympus.
The supplier’s Live Casino content stretches from casino classics such as roulette and blackjack to captivating live game shows such as Sweet Bonanza CandyLand and Snakes & Ladders Live that are also part of the agreement.
Also included is Pragmatic Play’s Virtual Sports, powered by a real-time physics engine and providing life-like renditions of popular sports such as Formula 1, greyhound racing and horse racing, on-demand to sports bettors.
As it further expands across LatAm, Pragmatic Play continues its commercial trajectory and ambitions of delivering fresh content to even more players than ever before.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “With LatAm remaining a source of commercial growth for Pragmatic Play, its latest partnership with Giro Win underpins its ongoing commitment to bringing a dynamic entertainment offering to more consumers in the region.
“Giro Win is an esteemed operator in the Latin American market and Pragmatic Play is proud of this new partnership that will see its Slots, Live Casino and Virtual Sports soon integrated to its platform.”
Hélio Cuevas, Director of Giro Win, said: “Pragmatic Play’s portfolio boasts some of the best games in the industry and it will be a welcome addition to our offering. We have no doubt the response to the large quantity of Slots, Live Casino and Virtual Sports titles that Pragmatic Play offers will match the overwhelming reception they have already experienced worldwide.
“Giro Win and Pragmatic Play share a vision of powering up new possibilities for players and delivering an unmatched experience and we are delighted to now count them as a partner.”
Pragmatic Play to Have Significant Presence at SBC Summit Latinoamérica
Pragmatic Play, a leading content supplier to the iGaming industry, is set to be in attendance at the upcoming SBC Summit Latinoamérica.
Exhibiting at stands G40 and H40, Pragmatic Play’s leading portfolio of multi-product content will be on display to cement its standing as the leading supplier to the Latin American market.
Pragmatic Play will be a Gold Headline Sponsor of the event, where the team will join attendees at the Seminole Hard Rock Hotel & Casino in Miami from the 31st of October to the 2nd of November.
The conference forms part of its LatAm Mission Itinerary, a campaign to inform delegates across leading industry events how Pragmatic Play can twist, transform, and elevate gaming experiences. Marking Mission #12, the provider’s attendance will be figure-headed by its Spaceman, the main character from its market-leading crash game title.
The Pragmatic Play team will be on hand at its stands to greet both current and potential clients and detail the advancements it has made in the realms of Slots, Live Casino, Virtual Sports, and Bingo.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is thrilled to announce its attendance at the upcoming SBC Summit Latinoamérica and looks forward to welcoming attendees and gaining a deeper understanding of the lively Latin American market.
As Mission #12 in Pragmatic Play’s LatAm itinerary, it has a lot in store for the conference and will reaffirm its commitment to providing new dynamic experiences that allow its partners to excel.”
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