ATLANTA, Jan. 30, 2020 /PRNewswire/ -- Trust Stamp, an AI
powered authentication services company headquartered in the
Advanced Technology Development Center (ATDC) at the Georgia Institute of Technology, received a
strategic investment from Mastercard. Trust Stamp is a graduate of
the 2018 Mastercard Start Path accelerator program.
Trust Stamp CEO, Gareth N. Genner
said: "Our initial work with Mastercard has been focused upon
enhancing privacy and data security in environments with low
connectivity, and we have been impressed by the breadth and depth
of Mastercard's commitment to that space. The programs currently
being developed have the potential to improve the lives of
communities around the world and we are proud to be a key component
of the underlying technology".
Mastercard and Trust Stamp introduced their first collaboration
with a secure non-PII authentication network for both online and
offline environments at the June 2019
ID4Africa conference in Johannesburg,
South Africa. In November
2019, Mastercard's Inclusive Identity solution was chosen by
Bloomberg Inc. as one of six "New Economy Solutions 2020" in the
'emerging technology' category.
"This is part of our commitment to make the digital economy
work for everyone, everywhere," comments Shashi Raghunandan, Mastercard's senior vice
president for humanitarian and development programs. "Trust
Stamp's AI-powered technologies help us to provide our development
sector partners with robust authentication solutions".
About Trust Stamp
Trust Stamp applies advanced cryptographic techniques and
AI-powered presentation-attack detection tools to biometric and
other identity data to create a proprietary non-PII Hash™
(EgHash™). An EgHash is unique to the subject and provides a
tokenized identity that cannot be reverse engineered, can be
matched and deduplicated using Trust Stamp's probabilistic AI, and
verified via zero-knowledge-proofs. Trust Stamp technology is used
in multiple verticals, including humanitarian and development
services, banking, FinTech, KYC / AML compliance, real estate, and
law enforcement.
About Mastercard
Mastercard (NYSE:
MA), http://www.mastercard.com/ is a technology company
in the global payments industry. Mastercard's global payments
processing network connects consumers, financial institutions,
merchants, governments, and businesses in more than 210 countries
and territories. Mastercard products and solutions make everyday
commerce activities – such as shopping, traveling, running a
business, and managing finances – easier, more secure, and more
efficient for everyone.
Media Contact
Nisha Naik - Marketing
Director
nnaik@truststamp.ai
+1 (404) 806-9906 Ext. 705
https://truststamp.ai/
View original
content:http://www.prnewswire.com/news-releases/trust-stamp-receives-investment-from-mastercard-300995877.html
SOURCE Trust Stamp