In this quick-fire style interview with the CEO of Identitii Limited (ASX:ID8), Nick Armstrong, Spark Plus discusses the whole business model around banks, short- to medium-term plans, as well as objectives to roadshow in Asia.
Identitii are a intelligent information exchange using blockchain to reduce the risk of sharing documents and information between banks and corporates.
US $2 trillion is laundered through the financial system every year.
At Identitii, they believe this is partly because banks and corporates have not had an efficient way to securely share intelligent information about the origin, purpose and beneficiaries of a payment.
Identitii was founded in 2014 to address this challenge and today they help their customers know more about the transactions they are doing in real-time.
Identitii are contributing to a safer, faster payment system while building innovative technology and having fun along the way.
Visit their website for more info: https://identitii.com