Trust Stamp announces the launch of a new banking-focused product utilizing its AI-Powered Identity Authentication
07 Marzo 2024 - 8:45AM
Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM
announced the launch of Trusted Authentication™, a transaction
authorization service providing identity authentication for
high-value financial transactions initiated online.
Gareth N. Genner, Trust Stamp’s President commented, “The recent
increase in deep-fake attacks has exposed fundamental weaknesses in
many legacy systems, requiring additional assurance for high value
and high risk transactions such as wire transfers. Trusted
Authentication ensures the identity and live-presence of an
authorizing party and can be integrated into or used in parallel to
existing approval systems. The service will launch with a pilot
bank partner [1] early in Q2 of 2024 and roll out for general
usage before the end of the quarter.”
Enquiries:
Trust Stamp
Email: shareholders@truststamp.ai
Gareth Genner: ggenner@truststamp.ai
About Trust Stamp
Trust Stamp the Privacy-First Identity CompanyTM, is a global
provider of AI-powered identity services for use in multiple
sectors, including banking and finance, regulatory compliance,
government, real estate, communications, and humanitarian services.
Its technology empowers organizations with advanced biometric
identity solutions that reduce fraud, protect personal data
privacy, increase operational efficiency, and reach a broader base
of users worldwide through its unique data transformation and
comparison capabilities.
Located across North America, Europe, Asia, and Africa, Trust
Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI). The
company was founded in 2016 by Gareth Genner and Andrew
Gowasack.
Safe Harbor Statement: Caution Concerning Forward-Looking
Remarks
All statements in this release that are not based on historical
fact are “forward-looking statements” including within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The information in this announcement may contain
forward-looking statements and information related to, among other
things, the company, its business plan and strategy, and its
industry. These statements reflect management’s current views with
respect to future events-based information currently available and
are subject to risks and uncertainties that could cause the
company’s actual results to differ materially from those contained
in the forward-looking statements. Investors are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made. The company does
not undertake any obligation to revise or update these
forward-looking statements to reflect events or circumstances after
such date or to reflect the occurrence of unanticipated events.
[1] First Community Bank and Trust has committed that they will
pilot it and Legends Bank has also indicated that they will
launch it in Q1 of 2025.
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