Slide 1: Identitii (ASX:ID8) FY21 Annual Report Webinar
Know Your Transaction Identitii (ASX:ID8) FY21 Annual Report Webinar John Rayment, CEO, Identitii 26 August 2021
Slide 2: Agenda
Agenda 1. Welcome 2. Review of our strategy 3. Look back at 2021 4. Look ahead to 2022 5. Questions?
Slide 3: Breaking news
Breaking news Citibank signed a Letter of Intent (LOI) with Identitii Citibank and Identitii intend to enter 5-year Master Services Agreement (MSA) Citibank to licence Overlay+ to streamline reporting, initially in Australia Parties intend to commence with a live pilot later in 2021 Agreement follow
Slide 4: Agenda
Agenda 1. 2. Review of our strategy 3. 4. 5.
Slide 5: Our vision
Our vision A trusted and transparent financial services industry, which is accessible to everyone, and where financial crime is impossible
Slide 6: The problem we solve
The problem we solve The information needed to process and report financial transactions is 78% often incomplete, inaccurate or even missing, holding up payments and increasing the risk of non-compliance The industry symptoms: of firms expect they will need to • Successful payments require significa
Slide 7: Our growth strategy
Our growth strategy The Identitii growth strategy has several phases: Deliver Land Expand Innovate (Connect) Payble Focus on business basics, Licence as many regulated Grow licence revenue Utilise out patent to Monetise technology and service existing entities as possible to use with existing custom
Slide 8: Land, Expand, Connect
Land, Expand, Connect CONNECT Patent Global ecosystem EXPAND Revenue growth Migrate 10bn payment messages to ISO 20022 LAND Process complete and accurate payment reporting to Regulators Customer growth
Slide 9: RegTech market is growing
RegTech market is growing Global spending on RegTech will reach US$287B1 US$130B by 20251 The amount regulated entities Major market drivers: currently spend • Government regulatory enforcement meeting • Increasing financial crime compliance and • New industry players regulatory • Accelerated digita
Slide 10: Driving interest in Identitii
Driving interest in Identitii Banking Executive Accountability Regime: Set out in Part IIAA of the Banking Act 1959, establishes accountability obligations for authorised deposit-taking institutions (ADIs) and their senior executives and directors. The regime also establishes, among other things, de
Slide 11: Agenda
Agenda 1. 2. 3. Look back at 2021 4. 5.
Slide 12: Growth strategy progress
Growth strategy progress Deliver Land Expand Innovate (Connect) Payble ✔ Investec Former Head of ✔ Mastercard and ✔ Won Sibos Pitch Perfect ✔ Granted patent approval ✔ Launched Payble, to fix Payments joins HomeSend join customer Competition in the United States late and failed payments list before
Slide 13: FY21 financial performance
FY21 financial performance Value LY var LY $ LY % 634% Customer revenue $1.4m $0.4m 45% Growth in revenue from Total revenue (incl. grant income) $2.7m $0.6m 31% customers over four years Operating costs $8.6m $0.6m 6% (FY18-FY21) Loss for the year $5.8m $1.3m 18%
Slide 14: Patent and intellectual property
Patent and intellectual property Legacy technology and manual processes cost financial institutions more than $US 305B every year3. Identitii has patent protected a unique way to solve this problem Market Context Changing Standards Identitii’s Patent When any type of currency moves from one ISO 2002
Slide 15: Payble – monetising technology
Payble – monetising technology Payble is creating a world where failed or late bill payments are a thing of the past for businesses and consumers Identitii maintains a 60% stake in Payble, alongside CBA’s x15ventures which invested $1M for a 22% stake in 2021 500m 500 million bills sent Key mileston
Slide 16: Agenda
Agenda 1. 2. 3. 4. Look ahead to 2022 5.
Slide 17: Our focus on large customers
Our focus on large customers Focus to-date: Large volume reporting entities: o Global banks o Australian banks + New (SaaS): Small volume reporting entities: o Credit Unions o Money Remitters o Super Funds o Insurance Funds o Casinos
Slide 18: Plus thousands of smaller customers
Plus thousands of smaller customers SaaS customers sign a software agreement and commence using the Overlay+ platform almost immediately Example small volume reporting entities • Delivers a new additional revenue stream • Significantly expands Total Addressable Market Example large volume • Speeds c
Slide 19: Questions?
Agenda 1. 2. 3. 4. 5. Questions?
Slide 20: References
References 1. Juniper Research, ‘RegTech: Market Opportunities, Challenges and Forecasts 2021-2025’ 2. 2021 Thomson Reuters Cost of Compliance Report 3. Proprietary research conducted by Identitii and SWIFT and Juniper Research, ‘RegTech: Market Opportunities, Challenges and Forecasts 2021-2025’
Slide 21: Disclaimer and important notice.
Disclaimer and important notice. This presentation has been prepared by Identitii Limited (ABN 83 603 107 044) (Identitii, The information contained in this presentation is subject to change without notice and Identitii Company) based on information available to it as at the date of this presentatio
Slide 22: Know Your Transaction
Know Your Transaction Email: investors@Identitii.com Phone: +61 2 8806 0438 Web: www.identitii.com