Identitii Ltd · ASX:ID8
Identitii — Investor Presentation (October 2020)
16 slides from Identitii's investor presentation, Oct 7, 2020
Slide 1: Know Your Transaction
Know Your Transaction A trusted and transparent global financial system, without replacing legacy technology
Slide 2: Our Vision
Our Vision We envisage a trusted and transparent financial services industry, which is accessible to everyone, and where financial crime is impossible
Slide 3: What is happening in the market today?
What is happening in the market today? “Over the last decade, global banks have been tightening operations to comply with regulations designed to curtail money-laundering and terrorism-financing. As a consequence, global banks have been limiting correspondent banking relationships (CBRs) with local
Slide 4: What problem do we solve?
What problem do we solve? Banks from developed economies are pulling out of high risk markets (de-risking), meaning Number of active they miss out on business opportunities in these areas, and customers are deprived of access to global finance correspondents worldwide has declined by 22% Anti-money
Slide 5: What exactly do we do?
What exactly do we do? Identitii bridges the gap: Overlay existing systems with a single platform that bridges the growing gap between demand from regulators and capabilities of legacy technology • between the growing demand from regulators mand and customers to see de growing gap causes : more info
Slide 6: How do we do it?
How do we do it? Identitii’s Overlay+ platform: • takes data from Customers Other Banks Regulators multiple different systems and in multiple formats, • creates a single, transparent and auditable view of information across all client and transaction data
Slide 7: How do we do it?
How do we do it? Using Overlay+ • global banks can create their own private network Bank of trusted respondent banks • securely sharing their single, transparent and auditable view of all client and transaction data
Slide 8: How do we overcome the long sales cycle?
How do we overcome the long sales cycle? Drive sales of Overlay+ Reporting as a fast, ready to implement and easy to buy solution, then expand within the bank First contract Second contract Multiple contracts Start with Overlay+ Reporting because: Australian financial services Reporting Reporting Co
Slide 9: How do we overcome the long sales cycle?
How do we overcome the long sales cycle? By going to market with the right strategic partnerships Partnering with firms: • that already supply financial services businesses • can reduce or even completely remove • lengthy procurement processes that are often more than 50% of the sales journey.
Slide 10: How do we make money?
How do we make money? Customer Type One-off Set-up Annual License Per Transaction Correspondent (or “Hub”) $300k $500k yes, uncapped Respondent (or “Spoke”) $200k $100k yes, uncapped Regulatory Reporting $100k $100k yes, banded Partnership tbc tbc yes § Pricing based on established industry research
Slide 11: How do we measure success?
How do we measure success? Total address. market: For the end of FY22* One-off $ ARR** $ Total $ 1 x global correspondent network with 35 $7.3m $4.0m $11.3m • ~200 correspondent respondent members banks in the world 2 x new global correspondent networks in pre- - - - production • incl. 16 of the top
Slide 12: Where do we play?
Where do we play? Digital and data Financial Crime Compliance management solutions Technology Providers Internal technology build Payment information sharing Email Interbank Information Network
Slide 13: Our management team
Our management team Margarita Claringbold Ben Buckingham Pete Agnew Chief Financial Officer Strategy & Indirect Sales Direct Sales Qualified Chartered Accountant Strong background in driving Previously head of payments, who has held senior finance customer growth at McKinsey APAC at Travelex and fin
Slide 14: Our capital structure
Our capital structure Capital structure Share register composition ASX ID8 Top 20 52% Date listed 17 October 2018 Share price* A$0.20 Mr. Nicholas Armstrong 8.6% Ordinary share on issue* 109m Mr. Kenneth Baker 7.5% Market capitalisation (undiluted) A$21.8m KTM Ventures 6.8% Unlisted options 12.3m Ho
Slide 15: Know Your Transaction
Ce identitii Know Your Transaction CO identitii
Slide 16: Footnotes
Footnotes 1. The Decline in Access to Correspondent Banking Services in Emerging Markets: Trends, Impacts and Solutions, The World Bank Group, 2018 2. New correspondent banking data - the decline continues at a slower pace, The Bank for International Settlement (BIS) 3. The cost of de-risking, Accui