April 15, 2019 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is
pleased to announce the signing of KYC & AML Service Agreement with Te Identificas
SAPI de CV (commercially known as “Tu Identidad”) on April 5, 2019 in Mexico City,
Mexico.
Tu Identidad is a digital identity platform that is transforming the Know Your Customer
(KYC) and identity verification processes for its customers. Tu Identidad provides portable,
user-owned, standardized digital ID credential that is relevant to the majority of businesses
and individuals in Mexico. Today, business processes for identity verification are
inefficient across industries in Mexico, and many businesses and individuals waste
valuable time and money as a result.
As per the terms of the MOU, Newt will use Tu Identidad’s business processes for identity
verification in Mexico. The innovative solution of Newt’s use of Tu Identidad technology
will allow individuals to control their digital identities on their mobile devices, which
streamlines business processes for companies – from employee and client onboarding to
routine identity verifications.
Justin Yunag, Chief Technology Officer of Newt Corporation, said: “We are excited about
the service agreement with Tu Identidad. Not only will it provide us with the most effective
and efficient solution for KYC and AML in Mexico, but it also represents a significant step
forward in our ambition to service the unbanked population in Latin America.”
Ricardo Robledo, CEO of Tu Identidad, said: “We are very proud about our innovative
solution and we are strongly convinced that we will be able to change the paradigm to
identify a person. Our value proposition will significantly contribute to reduce the costs
to remit money between countries while complying with the regulation.”
About Tu Identidad
Tu Identidad was founded in 2017 in Mexico City by a group of seasoned former bankers,
corporate lawyers and information technology specialists, each with more than 20 years of
experience in their respective fields. The Company’s technology partner was awarded
“Partner of the Year” by Microsoft Mexico in both 2017 and 2018. In addition, Tu Identidad
won the 2018 FINNOSUMMIT Challenge, sponsored by Scotiabank, and was named “The
Most Innovative Mobile Application in Mexico”.
For more information, visit www.tuidentidad.com.
About Newt
Newt Corporation is a Canadian Company that aims to become a Fintech Leader in Prepaid
and Bill Payment transfers, as well as mobile and digital online payments and services.
Utilizing the latest payment processing technologies, Newt provides merchants, consumers,
and the unbanked population with cashless mobile payment services, rechargeable prepaid
cards, and other services.
By choosing Newt Payment System, end customers will take the guessing game out of
sending payments, and merchants will be empowered to provide seamless transactions in
a more secure and efficient way.
Newt’s next generation payment transfer solutions use new methods for international
digital transfers. The company’s platform has been designed from the ground up for
modern digital transfers with an ecosystem with full configurability, open API integration,
and enhanced value-added services.
For more information, visit www.GetNewt.com.
For further information, please contact:
Newt Corporation
100 King St. West, Suite 5700
Toronto, ON M5X 1C7
info@getnewt.com
Forward – Looking Information
Certain information set forth in this news release may contain forward – looking information that
involve substantial known and unknown risks and uncertainties. This forward – looking information is
subject to numerous risks and uncertainties, certain of which are beyond the control of the Company,
including, but not limited to, the impact of general economic conditions, industry conditions, failure to
enter into a definitive agreement and complete the Acquisition, and dependence upon regulatory
approvals. Readers are cautioned that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward – looking information. The parties undertake no
obligation to update forward – looking information except as otherwise may be required by applicable
securities law.
