Ann: Standard Chartered Bank Signs Licence Agreement, page-27

This is great news for ID8. This deal has been in the pipeline now for well over 18months. I do wonder if ID8 have their pricing strategy right though. $300K for a bank like SCB is chickenfeed, so for them it is just an experiment. If it takes 18 months to close a deal worth $300K, then its going to be a long haul with lots more deals needed to become a profitable entity. You also have to wonder at how profitable the deal is. The costs of running a campaign over that period would be high.

This deal on top of HSBC ratifies the technology for major banks. It does raise some concerns though over ID8s business model

Good to see the market react positively though.