Taken from the Pats report... I like Pats reports, as the are...

Taken from the Pats report...
I like Pats reports, as the are 3rd party.
(feel free to add your own)

Catalysts:

Recurring Revenue:
KYK has shown from its long standing commercial relationship with the Bank of
Ireland that it is capable of converting clients to paying users and has shown continuous growth in
use of its product. This has seen recurring revenue, from the monitoring and on boarding service,
increase quarter on quarter. Further revenue generation should thus be a key near-term catalyst for
KYK.

Citigroup:
KYK products and services are currently used by over 500 KYC compliance users within
Citigroup and revenue may be generated in the second half of 2017. We believe a major catalyst,
and a potential company marker, would be an announcement of an enhanced relationship with
Citigroup and potentially a global roll-out. See ASX UPDATE on 18/12/2017

Geographic Expansion:
KYK currently has commercial agreements with the Bank of Ireland and
with Citigroup. The Company expects commercial agreements to occur with MYDATA and Elavon,
with the two expanding its reach to Malaysia and the US respectively. We believe there is significant
further opportunity to expand into Australia and the UK, with offices currently located in both
locations.

Regulatory:
Regulatory change is a constant in regard to KYC compliance and seems to be shifting
from the current need to only identify the client, to the need to continuously verify the identity of the
client and to have authoritative information. This is exactly the service KYK offers and would be a
direct catalyst.

KYC Software Market Growth:
The KYC software market has seen significant growth and it is
expected to continue as global institutions implement more software in the KYC process. KYK’s key
features, such as cleanse, remediation and live monitoring, should differentiate it from the market and
place it in good stead to be taken up by compliance departments when considering KYC software.

Blockchain:
While not highlighted in detail in this note, KYK has a unique and innovative KYC
product based on blockchain technology. Further development of this product and its use in future
KYC software offerings could be a large potential positive for KYK.