Identitii is a regulatory technology (RegTech) company that helps financial institutions improve compliance, transparency, and security in financial messaging. Its platform enables the secure sharing of transaction-level information between banks, regulators, and counterparties without changing core banking infrastructure.
Identitii’s mission is to make it easier for financial institutions to securely exchange critical payment information and comply with regulatory reporting obligations. The platform is particularly useful for organizations that need to comply with complex data-sharing requirements, such as AUSTRAC (Australian Transaction Reports and Analysis Centre) reporting in Australia.
By focusing on transparency, automation, and auditability, Identitii is helping banks and regulated entities reduce operational risk and ensure compliance in a scalable, secure, and efficient way.
Features
Identitii provides a feature-rich platform for secure data sharing and compliance in financial transactions.
Secure Information Overlay
Identitii adds a secure data layer over existing payment messages (such as SWIFT, ISO 20022, or proprietary formats), allowing additional transaction details to be shared securely without altering existing systems.
Regulatory Reporting Automation
The platform supports automated and structured reporting for regulators, such as AUSTRAC in Australia. This reduces manual effort, improves accuracy, and ensures timely submissions.
Audit Trail and Traceability
Every action on the Identitii platform is recorded, creating a tamper-proof audit trail that enhances transparency and supports regulatory inspections.
ISO 20022 Ready
Identitii supports ISO 20022 messaging standards, helping financial institutions transition from legacy formats like SWIFT MT to the new global financial messaging framework.
Interoperability
The platform can work with existing systems, including core banking platforms, reconciliation tools, and payment systems, avoiding costly infrastructure overhauls.
Secure Messaging and File Sharing
Users can securely send documents and structured data related to transactions, such as invoices, compliance documents, or beneficiary information.
Real-Time Validation
Identitii validates data formats and mandatory fields before sending, ensuring accuracy and reducing the risk of rejected or non-compliant messages.
User Access Controls
Granular permissions ensure that only authorized personnel can access or modify sensitive information, supporting internal data governance.
Cloud-Native Deployment
The Identitii platform is cloud-native, enabling flexible deployment and scalability. It can also be deployed on-premise if required by security policies.
How It Works
Identitii functions as an overlay network that connects financial institutions and regulatory bodies without requiring changes to the underlying banking infrastructure. The platform captures, enriches, and securely transmits transaction-level data to counterparties or regulators in real time.
When a transaction occurs, Identitii enriches the payment message with additional data (e.g., purpose of payment, compliance references, or supporting documents) and shares it with the relevant parties. This information is transmitted through a secure, blockchain-inspired network that provides traceability and data integrity.
For regulatory reporting, the platform automatically extracts required fields, formats the report according to regulatory standards (such as the AUSTRAC IFTI format), and submits it through secure channels. Dashboards provide visibility into reporting status, upcoming deadlines, and submission confirmations.
Because Identitii does not require changes to existing systems, financial institutions can implement it quickly and with minimal disruption.
Use Cases
Identitii supports a range of use cases that enhance data compliance, regulatory reporting, and financial messaging across the banking and finance sector.
AUSTRAC Reporting
Banks and remittance providers in Australia use Identitii to automate the preparation and submission of IFTI (International Funds Transfer Instructions) reports to AUSTRAC.
Payment Transparency
Financial institutions use the platform to enrich payment messages with purpose codes, compliance documentation, and transaction-level data to support anti-money laundering (AML) obligations.
Regulatory Readiness
The platform helps institutions prepare for ISO 20022 migration and supports structured data requirements from global regulators.
Correspondent Banking
Identitii improves data sharing between correspondent banks by securely attaching information about the originator and beneficiary of cross-border transactions.
Trade Documentation
Users can share invoices, compliance records, or bills of lading alongside payment information in a secure and traceable manner.
Client Onboarding
Identitii supports secure information exchange during customer due diligence (CDD) and know-your-customer (KYC) processes, improving compliance and auditability.
Risk Reduction
By ensuring accurate and complete data exchange, Identitii reduces the risk of non-compliance, fines, and failed audits.
Pricing
Identitii does not publish fixed pricing on its website. Instead, it offers custom pricing based on the size of the organization, number of transactions, deployment model, and required features.
Pricing considerations typically include:
Volume of data and reporting requirements
On-premise vs cloud deployment
Number of users and access levels
Integration scope with existing systems
Level of ongoing support and maintenance
Organizations are encouraged to contact Identitii directly for a tailored quote and to schedule a product demo.
Strengths
Identitii provides a number of key advantages for financial institutions aiming to improve compliance, security, and operational efficiency.
No Core System Changes
The platform integrates with existing infrastructure, reducing implementation costs and avoiding business disruption.
Automation of Manual Processes
Regulatory reporting and secure data sharing are streamlined through automation, reducing errors and operational effort.
Enhanced Transparency
Enriched messaging and audit trails ensure full traceability of shared data, improving oversight and reducing compliance risk.
Interoperability
Identitii supports a variety of messaging formats, including ISO 20022, ensuring global compatibility.
Audit-Ready
Complete records and reports are available for internal audits or regulator requests, improving audit readiness and reducing investigation time.
Secure and Compliant
Data is encrypted, access-controlled, and stored according to financial compliance standards, ensuring data integrity and confidentiality.
Cloud-Native Flexibility
Cloud deployment allows for rapid scaling, remote access, and flexible maintenance schedules.
Drawbacks
While Identitii is a strong platform, there are a few potential limitations to consider.
No Public Pricing
The lack of transparent pricing may slow down the evaluation process for potential customers with tight procurement schedules.
Focused on Regulated Industries
Identitii is designed for banks, remittance providers, and financial institutions, making it less relevant for non-financial sectors.
Requires Initial Integration
Although core systems don’t need to change, initial integration may require technical coordination and API mapping.
Limited Public Reviews
As a niche RegTech platform, Identitii currently has limited customer reviews on major third-party platforms.
Comparison with Other Tools
Identitii competes with RegTech and compliance platforms such as Fenergo, Pelican, and ClauseMatch.
Fenergo focuses on client lifecycle management and onboarding but offers less emphasis on secure payment messaging.
Pelican offers AI-powered financial messaging tools but may require broader system changes.
ClauseMatch focuses on policy management and regulatory compliance documentation rather than transaction-level reporting.
Identitii differentiates itself through its unique overlay approach to enriching financial messages, its support for AUSTRAC and ISO 20022 standards, and its non-intrusive integration with existing infrastructure.
Customer Reviews and Testimonials
Identitii has partnered with major financial institutions and regulators in Australia and other jurisdictions. While detailed third-party reviews are limited, client feedback on the website and investor materials highlights:
Reduced manual work for compliance teams
Faster and more accurate AUSTRAC reporting
Improved transparency for cross-border payments
Successful integration with existing systems
Strong vendor support and onboarding
Identitii is also listed on the Australian Securities Exchange (ASX: ID8), and regularly updates investors on customer wins, product enhancements, and regulatory developments.
For further case studies or updates, visit https://www.identitii.com/news
Conclusion
Identitii is a powerful RegTech platform designed to improve the way financial institutions share, manage, and report payment data. By sitting as a secure overlay on existing systems, it provides an efficient, non-disruptive way to meet regulatory obligations, improve transparency, and enhance operational efficiency.
Whether automating AUSTRAC reports, preparing for ISO 20022 migration, or securely sharing transaction-level data with partners and regulators, Identitii offers a modern, scalable solution for compliant financial messaging.
Its ability to integrate easily, automate complex workflows, and provide a secure audit trail makes it a valuable tool for banks and payment providers looking to reduce risk and stay ahead in a rapidly changing regulatory landscape.
