Identitii (ASX:ID8) awarded key US patent

Identitii (ID8) has been granted a US patent for its secure financial information sharing ecosystem.

It’s a significant milestone for the financial services business as it forms a key part of its intellectual property (IP) protection strategy.

“U.S. patent approval is a huge milestone for Identitii because it helps safeguard our business from competitive threats,” CEO John Rayment explained.

“[It also] protects our strategy of building a connected ecosystem for financial information, without replacing existing systems,” he added.

The company believes the patent will also increase its competitive advantage and potentially generates new revenue streams for the business.

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Source: Identitii (ASX:ID8) awarded key US patent – The Market Herald