Australia markets open in 19 minutes

    -29.60 (-0.39%)

    -0.0024 (-0.33%)
  • ASX 200

    -20.10 (-0.28%)
  • OIL

    -0.47 (-0.71%)
  • GOLD

    +6.60 (+0.37%)

    -985.20 (-1.21%)
  • CMC Crypto 200

    -26.37 (-1.79%)

iSignthis Ltd (ISX.AX) Claims $462m Damages Against ASX - Court Documents

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
iSignthis Ltd
iSignthis Ltd

iSignthis Ltd (ISX.AX) Claims $462m Damages Against ASX - Court Documents

Melbourne, Australia, Nov 2, 2021 - (ABN Newswire) - iSignthis Ltd (ASX:ISX) (HAM:TA8) made available today the Federal Court of Australia sealed copies of its 4th Amended Statement of Claim, the ASX's Defence to the 4th Amended Statement of Claim, and iSignthis reply to the ASX Defence.

iSIgnthis is claiming $462m and upwards in damages against the Australian Securities Exchange for misleading and deceptive conduct. The damages continue to accrue for each month that the ASX refuses to lift the suspension of trading of iSignthis securities.

iSIgnthis has more than 10,000 retail investors, all of whom have been 'locked up' by the ASX since October 2019, and unable to trade their shares or gain access to their funds.

The attached documents refer, with the matter being heard by Justice Davies in Melbourne.

To view the documents, please visit:

About iSignthis Ltd:

iSignthis Ltd is a hybrid monetary financial institution and also a RegTech leader in remote identity verification, payment authentication with deposit taking, transactional banking and payment processing capability. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment, electronic money and identity service via our Paydentity(TM) and ISXPay(R) 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 4.2Bn 'bank verified' card or account holders, that can be remotely on-boarded to meet the Customer Due Diligence requirements of AML regulated merchants in as little as 3 to 5 minutes. Paydentity(TM) has now onboarded and verified more than 1.5m persons to an AML KYC standard.

iSignthis Paydentity(TM) 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' subsidiary, iSignthis eMoney Ltd, trades as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, and Australia.

ISXPay(R) is a principal member of Mastercard Inc, Diners, Discover, (China) Union Pay International and JCB International, an American Express aggregator, and provides merchants with access to payments via alternative methods including SEPA, Poli Payments, Sofort, PRZ24 and others.

Probanx Solutions Ltd, a wholly owned subsidiary of iSignthis Ltd, provides API based access to CORE Banking solutions, SEPA Core, SEPA Instant and SEPA business scheme, for neobanks, banks, credit unions and emoney institutions, and provides a bridge to the Eurosystem's Central Bank of Lithuania's CENTROLink service.


Chris Northwood
Investor Relations Director
iSignthis Limited
+61 (0) 458 809 177

Media Enquiries
Mark Hawthorne
Civic Financial Communications
+61 (0) 418 999 894

Investor Relations Europe
Dr Eva Reuter
Friedrich Ebert Anlage 35-37
Tower 185
60327 Frankfurt
+49 (0) 69 1532 5857

iSignthis Ltd

Copyright (C) 2021 ABN Newswire. All rights reserved.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting