Gobbill, an artificial intelligence FinTech bill payment automation startup, has partnered with RegTech 100 company iSignthis.
Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis provides identity verification and payment services.
The partnership with iSignthis will support the company’s international expansion plans utilising their identity verification services and transactional banking facilities to clear payments.
“Partnering with iSignthis is a strategic and important milestone for Gobbill,” said Shendon Ewans, CEO and co-founder of Gobbill.
“It enables our customers to pay any bill for billers that do not accept card payments or various card schemes. To pay any bill using UnionPay or American Express is a significant offering, particularly for overseas Australian property investors and small businesses using Gobbill.”
Founded in 2015, Gobbill can pay bills issued from any Australian provider including utilities, telecommunications, council rates, insurance and more. It automates bill payments using artificial intelligence for households and small businesses, protecting users from online scams, late fees, maximise discounts and their credit rating scores. Small businesses have the additional benefit of digitising invoices, scheduling payments and synchronising data with their accounting software.
Following the deal with the RegTech, Gobbill will also have the ability to globally digitally identify customers to offer a convenient way of switching service providers using their One-Click-Switch method.
John Karantzis, CEO of iSignthis said, “Gobbill represents an opportunity for iSignthis to support a prospective leader in bill payment automation, as well as for us to provide a means for them to expand outside of Australia, by providing facilities to them in Europe as they expand. Having witnessed Gobbill emerge over the last three years, we are delighted to be part of their future growth.”
iSignthis provides remote identity verification, payment authentication and payment processing. Its solutions include an end-to-end onboarding service for merchants, with a unified payment and identity service via its Paydentity and ISXPay solutions.
The company claims to deliver 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 regulated merchants in as little as 3 to 5 minutes.
Earlier this year, iSignthis formed a payment aggregation deal with American Express Australia. The company’s subsidiary, iSignthis eMoney, executed a payment aggregation agreement with AMEX, which will compliment ISXPay offerings to merchants in Australia, and will allow ISXPay to onboard merchants directly.
Last year, iSignthis was hand-picked by a panel of industry experts for the RegTech 100, a list of companies that every financial institution should know about in 2018. The RegTech 100 is part of the Global RegTech review – an essential, in-depth analysis of the global RegTech market.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
