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Identitii Ltd. ( (AU:ID8) ) just unveiled an announcement.
Identitii Ltd. announced significant progress in the development of its BNDRY platform, which is tailored for clubs and pubs in collaboration with Cherry Hub. The company has signed data-sharing agreements with three major clubs in NSW and plans to showcase its platform at the Australasian Gaming Expo. The BNDRY platform integrates services from RapidID, Simple KYC, and Hawk to enhance its value proposition. Identitii is also expanding its focus to the Tranche 2 sector, targeting real estate, law, and accounting firms for compliance with upcoming anti-money laundering laws. The company received a $0.8M interest-free loan from Beauvais Capital to repay an R&D loan facility, indicating financial support for its ongoing initiatives.
More about Identitii Ltd.
Identitii Ltd. operates in the financial technology industry, focusing on compliance solutions. The company offers the BNDRY platform, which is a compliance orchestration platform tailored for various sectors including clubs, pubs, real estate, and accounting firms. The platform integrates services like customer onboarding, transaction monitoring, and reporting automation to meet anti-money laundering requirements.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.67M
Learn more about ID8 stock on TipRanks’ Stock Analysis page.