there are competitors too, which will then mean finance institutions will start to look at their options on how they will gather the correct data and submit to AUSTRAC. They could build their own software departnent in house with their own technology or inhouse adapting ID8s technology which their patented technology will be at use.
or go with an external client (ID8) which their software technology fits betwren existing fintech systems leaving liability\trust and hassles with ID8 and we know it works with the green light from their first AUSTRAC submission.
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Ann: Identitii Submits New ISO 20022 IFTI Reports to AUSTRAC, page-21
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