Identitii Limited (Identitii, Company) (ASX:ID8), the FinTech reducing last mile payment hold ups for banks and corporates, announces it has partnered with Symphony Communication Services, LLC (Symphony) to integrate its Overlay+ platform that enables secure and auditable data sharing, with Symphony’s leading global markets collaboration platform tool. The combined solution will enable Symphony’s 450,000 licenced users to securely collect, store and share data and documents via the Symphony messaging platform.
Symphony is a California based technology company that offers secure messaging and collaboration tools for the most highly regulated industries, such as financial services. It provides enterprise-grade collaboration and communication software that enables financial institution teams to send messages, share files, automate trade flows and meet in real-time.
Symphony is currently used by more than 400 financial institutions, with more than 450,000 licenced users across the globe. More than 60 million messages are sent via Symphony users each month.
Under the partnership, Identitii’s tokenisation technology will be accessible via the Symphony messaging platform. The combined solution will add end-to-end, auditable information collection, storage and sharing to Symphony’s secure corporate chat and messaging service, allowing banks to replace costly manual document collection and retrieval processes without significantly impacting existing technology infrastructure.
Commenting on the partnership, Identitii CEO, Nick Armstrong said:
“The combination of Overlay+ and Symphony will go a long way to eliminating manual processes for customers, supporting a better user experience and presenting information as needed, in real-time. Users will be able to conveniently request documents and information via the Symphony chatbot and the information will be retrieved via our tokenisation technology. We see enormous potential for this combined functionality.”
Identitii currently views this partnership with Symphony as not material as revenue that may be generated by the partnership cannot be quantified at this time.
Symphony offers a secure team collaboration platform that transforms the way global markets collaborate. Symphony is designed to help individuals, teams and organizations of all sizes improve productivity while meeting security and regulatory compliance needs. Symphony was founded in October 2014 and is headquartered in Palo Alto, CA, with offices in Hong Kong, London, New York, Paris, Singapore, Sophia-Antipolis, Stockholm and Tokyo.
Identitii Limited (ASX:ID8) is using blockchain and tokenisation to connect banks and businesses with the data they need to process, reconcile and report on payments, reducing last mile hold ups. Founded in 2014 and headquartered in Sydney, Australia, Identitii is listed on the Australian Securities Exchange (ASX:ID8).