31st October 2022 : ISX Financial EU Plc is pleased to announce that its subsidiary, ISX IP Ltd, has been granted a further Australian Patent by IP Australia, no 2017361132, based upon Managing Director & CEO, Mr. Karantzis's invention.
The patent, “Identifying an Entity”, relates to the use of historic payment data being utilised to meet the requirements of performing Customer Due Diligence for meeting Anti Money Laundering (AML) regulations. He invention is scalable and removed manual processes that currently constrain companies operating in the regulated sector.
Typically, customers are required to prove their residence by use of providing utility bills or similar. The invention allows for the residence check to be performed using payment data and metadata.
Group operating subsidiaries include ISX Financial UK Ltd, ISX Financial EU PLC (CY), Probanx Solutions Ltd (CY) & UAB Probanx Solutions (LT), UAB Authenticator (LT), ISX Technologies Inc (USA). ISX Financial UK Ltd, trading as Flykk, ISX Money and ISXPay, is a FCA UK Authorised eMoney Institution FRN 901034. ISX Financial EU PLC, trading as Flykk, ISX Money and ISXPay, is authorised by the Central Bank of Cyprus # 184.108.40.206 as an E.E.A Authorised eMoney Institution and UK FCA FRN 900871 .
℗ Patent applications pending/granted in Africa, Australia, Asia, The Americas, Europe and Oceania. ISX Financial®, ISXPay®, Probanx®, Flykk® & Paydentity™ are registered trademarks of ISX IP Ltd.