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ID8, Identitii Limited
nipper
post Posted: Jul 30 2020, 10:40 AM
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did not buy this one, and for a good reason.

ID8 went for a capital raise in Feb, when it was trading around 19 to 20c range, and was in a Halt for nearly 4 months. When it returned, and Covid had reared its head during this time, they got away with an Institutional Offer of 1 new for 1 existing share at 7c . Raised all of $1.9million.

Since then, has traded on fair volume, held above the 7c level which is handy, and now around 9c. News coming out is sluggish, always talking about Tier 1 bank (HSBC) , moving into FX as well. A viable business?

(Pass)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 5 2020, 12:51 PM
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In Reply To: nipper's post @ Feb 5 2020, 12:25 PM

ID8 now around 30c a share; market cap about $30million. Company recently came out with an Investor Update and is now in a Trading Halt with Institutional Placement to raise some (more) capital.

Seem to be lots of challenges around. 25,000 banks, 765 billion non-cash transactions globally.

The ISO 20022, a "single standardisation approach (methodology, process, repository) to be used by all financial standards initiatives) is a standard that is global and all banks need to be compliant by 2023. ID8 claim to be part of this process. .... But has to be in partnership with existing systems (= legacy) Also the Open Banking ecosystem is evolving.

Open banking is the "practice of sharing financial information electronically, securely, and only under conditions that customers approve of. Application programming interfaces (APIs) allow third-parties to access financial information efficiently, which promotes the development of new apps and services."

To date, ID8 a license agreement with HSBC Global (UK) and recently signed a new agreement with HSBC Aust for the Overlay+ platform (which uses blockchain technology to enable seamless transfers that can be tracked and verified automatically requiring no manual input, completely compliant with the new ISO 20022 KYC standard); going live with this in 2Q2020

So many fintechs, so much at stake.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 5 2020, 12:25 PM
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Posts: 7,306
Thanks: 2512


QUOTE
identitii Limited is an emerging Australian software company providing enterprise software for financial services and banking institutions.

Established in 2014, identitii has developed its own proprietary product called Serra, an application that enables the secure and trusted exchange of information (such as "Know Your Transaction" information) over financial networks, powered by a secure private blockchain.

identitii developed Serra through a two and a half year in-house research and development program, and has a long term product roadmap for additional features or 'add-ons'.

identitii's objective is to continue to commercialise its product, Serra, in the financial services industry and to build a global information network for financial institutions using Serra, to enable the secure, trusted and auditable exchange of detailed information over any financial network.

Listed on the ASX in October 2018 at 75c a share



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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