Identitii: Launches secure payments project with HomeSend

  • Idenditii (ID8) has struck a statement of work (SOW) with international payment transfer business HomeSend today
  • Under the deal, HomeSend will use Identitii’s Overlay+ platform to help support the delivery of financial crime compliance
  • This is the second deal signed under Identitii’s five-year master services agreement (MSA) with Mastercard in August
  • Today’s projects bumped up the total aggregate revenue for the MSA to around $1.85 million
  • On top of this, the company said further SOWs are expected under the MSA, but none have signed just yet
  • Shares in Identitii spiked in early action but have since retreated back to the grey line to trade at 16 cents each
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FTC Seeks Contempt Ruling Against Payment Processor CLIQ

The FTC aims to hold CLIQ accountable for alleged non-compliance.Highlights: FTC files contempt motion against CLIQ for ignoring...

FTC Tightens Control Over Payment Processor Cliq in Contempt Ruling

Federal Trade Commission seeks legal action against Cliq for non-compliance.Highlights: FTC asks court to hold Cliq in contempt...

Portage Takes Over Management of Point72 Ventures’ Fintech Assets

Significant shift in fintech investment strategy announced by Portage.Highlights: Portage Management has taken over Point72's fintech assets.The move...

Portage Takes Over Management of Point72 Fintech Assets, Strengthening Market Position

Portage enhances its portfolio by managing Point72's fintech investments. Highlights:Portage assumes management of Point72's fintech investments. This move...