With regulations around Anti-Money Laundering (AML) and Know Your Customer (KYC) becoming even tighter, IPGPAY is pleased to partner with iSignthis to offer an e-Know Your Customer (e-KYC) solution to merchants in Asia-Pacific.
iSignthis Ltd provides a combined, fully automated, global and remote evidence of identity and transaction authentication solution, assisting clients in adhering to global AML/KYC and payment regulations. iSignthis’ reach extends to over 200 countries.
With the iSignthis system, evidence of identity is generated on a dynamic basis, linking payment transaction parameters to payment instrument and multi factor authentication, in turn creating and verifying a complete e-KYC profile. The system uses the customer’s financial identity created by their account issuing institution.
iSignthis’ patented solution assists regulated entities in satisfying the requirements of:
- Anti Money Laudering (AML) / Counter Terrorism Funding (CTF)
- Patriot Act / Bank Secrecy Act
- Security of Internet Payments ‘SecuRE Pay’ per ECB and European Banking Authority
- EC’s proposed Payment Services Directive 2 (PSD2)
- European eIDAS regulations
Target customers include regulated entities such as banks, financial institutions, credit institutions, Payment Service Providers (PSPs), online gaming/wagering operators, stock/commodity/FX brokers, eWallets, mobile wallets and cryptocurrency exchanges.
If you would like to know more, please contact us at firstname.lastname@example.org