iSignthis Ltd (ASX: ISX | FRA: TA8) (“The Company”) is pleased to announce that its two wholly owned technology subsidiaries, Probanx Ltd and UAB Baltic Banking Service (BBS), are now cooperating to deliver seamless CORE Banking (‘CorePlus’), SEPA and SWIFT interbank network technology (“CoreConnect”) to prospective customers.
The first customer to benefit from the integration of Probanx® CorePlus and BBS CoreConnect interbank Gateway is the Lithuanian licensed electronic money institution, Ibanera (www.ibanera.com ). Ibanera is licensed from and regulated by the Central Bank of Lithuania.
Ibanera’s main activity is the issuance, distribution and redemption of Electronic Money, whilst offering international corporate clients a range of financial solutions for managing funds and global payments.
Ibanera will be supplied the CorePlus system, including Internet banking module, SMS and email notifications, multi language pack, IBAN validation and integration to CoreConnect.
CoreConnect includes connectivity to the SEPA Core, SEPA Instant, SEPA Business and SWIFT interbank payment networks. The service is due to go progressively live from early April 2019, and will contribute to revenues this financial year, with ongoing maintenance, support and operational fees.
The iSignthis group offers technology licensing of its probanx CorePlus Core banking platform and BBS CoreConnect interbank network, as well as ISXPay® managed card processing and settlement services as a Principal member of Visa, Mastercard, JCB, Diners, Discover and ChinaUnionPay.