From the CEO: Why We Are Excited About 2026

In a podcast recorded recently, Chris Titley from Sub11 spoke with John Rayment, Managing Director of Identitii, about what he described as a transformational year for the ASX listed RegTech company.

The conversation explored how Identitii reset the business in 2025, established product market fit with BNDRY, and is now entering 2026 focused on revenue generation and scale.

A business transformed in 2025

Rayment described 2025 as a clear inflection point for Identitii, marking the year the company moved beyond experimentation and into a phase defined by product clarity and market validation. After several years of development and learning, Identitii reached what Rayment described as its most important strategic milestone.

“Finding product market fit without question.”

That outcome followed a period of reflection on what had and had not worked previously. Rather than continuing to iterate incrementally, Identitii returned to the market with a redefined proposition designed to address a broader and more clearly articulated customer problem.

“So we took all of those lessons and came back into the market in 2025 with a new proposition, relaunched our platform, named it BNDRY to give it a fresh start.”

From iteration to BNDRY

The relaunch of BNDRY represented more than a rebrand. It reflected a shift in how Identitii approached financial crime compliance, moving away from modular or fragmented solutions and toward a single platform designed to support the full compliance workflow.

“We’ve brought BNDRY to market to bring all of those daily activities together into one platform to help you know your customers, monitor their transactions, report to the regulator and store the data all in one place.”

BNDRY was positioned as a compliance home screen, particularly for businesses that do not have the scale or resources of major financial institutions.

Solving for the majority of regulated businesses

A recurring theme of the podcast was the structural imbalance in the compliance technology market. Rayment highlighted that while a small number of large banks operate sophisticated, multi team compliance functions, the vast majority of regulated entities do not.

“Today there are 19,000 businesses regulated by AUSTRAC in Australia.”

“About 140 of those are deposit taking institutions or banks.”

“For the rest of those regulated businesses, almost 19,000 of them, operating a compliance program using several pieces technology designed for large financial institutions is difficult and costly.”

BNDRY was developed specifically to simplify compliance for this majority cohort, reducing complexity and operational overhead.

“We’ve tried to make compliance really simple for businesses that aren’t a really large global or domestic financial institution.”

Early traction validates the reset

Identitii’s early traction in the pubs and clubs sector was cited as tangible evidence that the reset undertaken in 2025 is working. A foundational partnership with Cherryhub enabled BNDRY to integrate directly with critical industry data sources and align closely with how venues operate in practice.

“We happened upon a relationship with a technology company that has deep experience in Australia’s pubs and club sector.”

“That’s where we’ve had really great traction trying to help those businesses by making compliance with the (AML/CTF) Act a whole lot easier.”

Rayment noted that extensive time spent with venues during development resulted in strong customer validation.

“The biggest piece of feedback that we are hearing is that you’re using industry language and you understand our business.”

By December, Identitii had signed nine major venues to data sharing agreements, with two already converted into commercial contracts.

A shift from transactions to people

The podcast also explored BNDRY’s entity centric design philosophy. Rather than starting with transaction alerts, BNDRY begins with verified individuals and entities and maps activity back to them, significantly reducing investigation time.

“BNDRY starts with entities or in the case of a club or a pub people, or their members and visitors.”

“And then we map activities to them so that it significantly reduces the amount of investigation time.”

This approach contrasts with traditional compliance models that often produce high volumes of false positives.

“What’s currently happening today is a lot of manual reconciliation and a whole lot of false positives.”

“That’s taking enormous amounts of time for people to investigate and return a nothing to see here result.”

From transformation to execution in 2026

The conversation concluded with Identitii’s recent capital raise and how it supports the company’s next phase of growth. With funding largely underwritten and a growing pipeline of opportunities, Rayment said the business is now focused on converting momentum into revenue.

“But this money comes for us at a great time where, you know, 2026 is all about generating revenue for us.”

“We’ve got a number of commercial proposals in the bank, and we’ve got more of those out in the wild waiting to be signed.”

With genuine product market fit established in 2025, BNDRY now in market and early commercial traction validating the strategy, Identitii enters 2026 focused on execution.

The business is supported by a growing pipeline of opportunities, an increasingly repeatable go to market approach and capital in place to drive revenue growth. As Rayment concluded, reflecting on the year ahead and the company’s current position:

“This is a position this company has never been in before.”

Watch the full Podcast below 👇

For the recent ASX Investor Presentation that is referred to in this article please click here: https://investorhub.identitii.com/announcements/7283200

For BNDRY's website please click here:

https://www.bndry.net/

For a recent Video Tim Phillips (Chairperson) please click here:

https://investorhub.identitii.com/activity-updates/e9b58r-identitii-journey