Trust Stamp Partners with Botdoc to Bring New Innovative ID Security to the Automotive Industry
23 Julio 2024 - 8:30AM
Trust Stamp (Nasdaq: IDAI) announces a partnership with Botdoc to
integrate Trust Stamp’s low-code Orchestration Platform within the
Botdoc Connect product, providing robust Identity Verification and
KYC. The integration includes document validation using the Driver
License Data Verification (DLDV) System offered by the American
Association of Motor Vehicle Administrators (AAMVA) and accessed by
Trust Stamp under a license from AAMVA.
Trust Stamp and Botdoc have previously worked in parallel in
other industries, such as banking, lending and insurance and are
both graduates of the Independent Community Bankers of America
(ICBA) ThinkTECH accelerator.
Andrew Gowasack, Trust Stamp’s President, commented, "I am
thrilled to partner with Botdoc to bring our AI-powered technology
to the automotive industry. Criminals are using counterfeit or
altered driver's licenses, driving permits, and ID cards to commit
fraud, and with nearly 80,000 cars stolen from dealerships last
year, identity document validation is increasingly necessary. Now
Botdoc customers can fight back using a variety of solutions
through Trust Stamp’s low-code Orchestration Layer platform, which
includes real-time capability to verify driver's license/ID
information against data from the issuing agency."
Andrew Gowasack further commented, “Botdoc, the global leader in
Secure Digital Transportation (SDT) Technologies brings the highest
levels of security while removing operational friction between
employees and customers. Leveraging Botdoc’s years of experience in
regulated industries, dealerships now have the convenience of
security through Botdoc along with the strength of Trust Stamp’s
identity fraud detection.”
Karl Falk, founder and CEO of Botdoc, commented, “This
partnership brings together our years of innovation in other
regulated industries. Understanding how different industries
operate is a huge advantage with the cross-pollination of best
practices in innovation, cyber security, and fighting fraud. With
increasing cyber attacks in automotive, it is imperative to
incorporate the best practices from other industries into this
(auto) environment. This initiative brings a different perspective
with new and innovative insights to the automotive industry.”
Karl Falk further commented, “Trust Stamp and Botdoc’s
partnership effectively highlights how collaboration initiated by
an industry innovator, such as the ICBA, can tackle critical issues
including fraud, across multiple industry sectors."
ICBA Executive Vice President and Chief Innovation Officer,
Charles Potts, commented, "By combining their cutting-edge
solutions, Trust Stamp and Botdoc are enhancing security and
efficiency in identity verification, and cyber security ultimately
protecting both businesses and consumers, while benefiting the
industry as a whole."
To learn more about the capabilities of Botdoc visit
https://botdoc.io/secure-your-dealership/
Enquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Andrew Gowasack, President: agowasack@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.
T Stamp (NASDAQ:IDAI)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
T Stamp (NASDAQ:IDAI)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024