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The latest update is out from Identitii Ltd. ( (AU:ID8) ).
Identitii Ltd. has made significant strides in its operational activities for the quarter ending December 2024. The company appointed Reece O’Connell as a Non-Executive Director to bolster its capital markets expertise. They are also advancing their US market-entry by joining the Investment NSW Program and have begun SOC 2 compliance for enhanced information security. Notably, Identitii has rebranded its platform as BNDRY and launched a new website, reflecting its strategic initiatives to grow its market presence. Financially, the company raised $1.8M in a well-supported placement, received a $0.5M annual license fee from Mastercard, and secured a $1.0M R&D tax rebate. Additionally, Identitii’s patent infringement claim against JP Morgan Chase progresses, with their patent surviving a challenge by JPMC, which underscores the strength of their intellectual property.
More about Identitii Ltd.
Identitii Ltd. operates in the financial technology industry, providing solutions that help organizations comply with regulatory requirements and enhance their financial transaction processes. Their focus includes market expansion into the United States, with products and services that aim to improve transparency and efficiency in financial communications.
YTD Price Performance: 20.0%
Average Trading Volume: 1,001,186
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.29M
Find detailed analytics on ID8 stock on TipRanks’ Stock Analysis page.
