Identitii (ASX:ID8)

CEO and Managing Director

Identitii (ASX:ID8) is an Australian software company helping the global financial services industry collect and share sensitive information. Our customers include traditional institutions like HSBC, Mastercard, Rabobank and Standard Chartered, plus new digital payments companies like Novatti and Monoova.

Incredibly, both traditional institutions and new digital payment companies rely on people, emails and spreadsheets to collect and share sensitive information, which is needed to keep payments moving and meet Anti Money Laundering and Counter Terrorism Financing (AML/CTF) laws.

With cyber-attacks, financial crime and fines from regulators all on the rise, pressure on industry to automate manual processes is tremendous. The cost of getting it wrong is immense, with AUSTRAC fining Crown $450 million in 2023,  Westpac $1.3 billion in 2020, and CommBank $700 million in 2018.

Our technology solves this problem, helping our customers securely collect and share sensitive information. We’re already operating inside a global payments network connecting over 100 banks, and we’re helping banks and payments companies collect and share information with AUSTRAC in Australia.

The revenue potential for Identitii is both global and significant. Addressable market opportunities exist anywhere companies need to securely collect and share sensitive information. Beyond traditional financial services, revenue opportunities also exist in governments, healthcare, pharmaceuticals and more.

Thank you for your interest in Identitii. If you'd like to know more, please post a question in our InvestorHub or email us at investors@identitii.com.