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XM deploys payment and digital identity proofing solution Paydentity

Apr 25 2017
By
Jonathan Smith

In order to accelerate client on-boarding and enhance due diligence, leading brokerage XM has launched Paydentity. This is an automated identity and payments service incorporating real-time remote verification of end users, developed by Australian company iSignThis.

 

The Paydentity solution includes the following:

 

-remote enhanced due diligence according to the requirements set out in the European. Anti-Money Laundering Directive, UK’s Joint Money Laundering Steering Group, as well as Cypriot Regulations;

-payment instrument verification;

-cloud-based computing delivering a PCI DSS V3.2 Level 1 payment gateway;

-transaction monitoring;

-integration and payment processing to multiple card-acquiring institutions from a single API.

 

iSignthis Ltd (ASX : ISX) offers dynamic, digital AML/CFT KYC identity proofing solutions. By converging payments and identity, the company delivers regulatory compliance with automated customer on-boarding, protecting both online customers and merchants from fraud and identity theft.

 

The AML/KYC payment solution is now available to European clients of XM. For the rest of world, where independent and reliable databases are limited, Paydentity provides the XM group with global reach and access to more than 3.5billion ‘bank verified’ potential customers, thus optimizing customer on-boarding.

 

XM is a brand of Trading Point Holdings Ltd., a company regulated by the Cyprus Securities and Exchange Commission (CySEC). Apart from its units in Cyprus, it also has a UK and Australian subsidiaries, duly licensed by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), respectively. Furthermore, the XM group is registered with the relevant authorities in several other European countries, including the Germany, Spain, Italy, Finland, and France.

 

The brokerage offers trading in more than 50 currency pairs, along with Silver and Gold and supports a wide range of payment methods.

TAGS: XM  payment methods  KYC  AML 

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