Calforex, the trading name of Calgary Foreign Exchange Ltd, registered as a Money Service Business in Canada and sister company GoInterpay today announced they have entered an agreement with iSignthis Ltd (ASX: ISX) for digital KYC services.
iSignthis will provide Calforex and GoInterpay with their Digital Know Your Customer (KYC) enhanced due diligence solution. Calforex will use the iSignthis solution to support existing processes and verify the identity of end users using their platform.
The service will allow GoInterpay to verify the identity of key controllers, ultimate beneficial owners (UBOs) and directors in the business.
The service is set to go live in the 4th quarter of 2017 Australian financial year.
Calforex provides FX cash, bank note, wire and EFT services to individuals, financial institutions, importers/exporters, and law firms in Canada. GoInterpay is a global payments provider built solely for retailers.
Together Calforex and its subsidiary GoInterpay have over 500,000 end users, key controllers, UBOs and directors.