Jane Morgan Management
Global ecosystem for secure sharing of financial transaction information
Highlights:
- Identitii granted approval of U.S. Patent
- Patent covers Identitii's secure financial information sharing ecosystem
- Further increases Identitii's competitive advantage and defensibility
- Potentially provides new revenue streams for the Company
- The patented technology underpins Identitii's correspondent banking solution
14 December 2020 - Identitii Limited (Identitii, Company) (ASX:ID8) is pleased to announce
that it has been granted patent approval in the United States. The newly granted approval
covers Identitii's global ecosystem for secure sharing of financial transaction information and is a
key part of its Intellectual Property (IP) protection strategy. The approval further increases
Identitii's competitive advantage and defensibility, and potentially generates new revenue
streams for the Company.
Identitii's secure financial information sharing ecosystem overcomes key limitations of existing
technology systems to simplify financial crime compliance, streamline regulatory reporting
operations and enable faster settlement of payments. The technology that underpins the patent is
the backbone of the Company's correspondent banking solution, which enables institutions all
around the world to securely share information for Know Your Customer (KYC) and Anti-Money
Laundering (AML) compliance.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).
