Trust Stamp and VIVA Finance Partner to Transform Inclusive Finance
March 11 2022 - 8:30AM
Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), the
Privacy-First Identity CompanyTM providing AI-powered trust and
identity services used globally across multiple
sectors, announces a partnership with VIVA Finance (“VIVA”), a
mobile-first FinTech lending platform driving financial inclusion
through their unique approach to affordable credit. With a shared
core focus on financial inclusion, Trust Stamp and VIVA are
leveraging their innovative solutions together to support robust,
accessible, and equitable financial systems as the foundation for
global inclusion.
VIVA empowers individuals with thin credit histories to
establish the framework for long-term financial health by
transforming access to affordable credit with loans underwritten by
employment history rather than credit score. Their technology
serves thousands of working Americans who are traditionally met
with opaque and often predatory financial products.
In addition to perpetuating exclusion, credit checks and other
traditional customer risk assessment procedures can be intrusive,
expensive, and establish a narrow view of trust. Trust Stamp’s
proven facial biometric verification, document validation,
and data-protection methodologies use advanced artificial
intelligence to enhance risk management measures while serving a
greater population of users. The Company’s privacy-first
tokenization technology maintains the utility of identity data
while protecting information security within compliance processes,
amplifying what consumers are able to access using their
identity.
In combining their innovations, Trust stamp and VIVA are working
to provide underserved individuals with an entry point to
participate in the digital-first future of finance, breaking the
barrier to achieving societal and financial inclusion.
Trust Stamp Chief Commercial Officer, Kinny Chan
comments: “Trust Stamp’s vision for global inclusion has
driven our work to provide secure, privacy-first identity solutions
for the billions of people around the world whose lack of
verifiable data prevents them from accessing financial services.
VIVA’s transformative work highlights the need for equitable
services and greater consumer choice even in highly developed
economies.
The integration of Trust Stamp’s secure, equitable, and
dignified solutions for establishing trust is an important factor
in the multifaceted effort to empower all individuals with
financial opportunity. We are thrilled to work with the VIVA team
as we continue fostering mission-aligned partnerships to expand the
reach and impact of Trust Stamp’s powerful identity solutions.”
VIVA’s CEO & Co-Founder, Jack Markwalter
comments: “We are thrilled to partner with Trust Stamp to
further our mission of building an inclusive financial system. This
partnership will allow us to prevent bad actors from utilizing our
application in a way that does not adversely affect honest people
who may have thin credit files or no prior credit history.”
Trust Stamp invites companies to explore opportunities for
integration and channel partnerships here.
Enquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Gareth Genner, Chief Executive
Officer
Nisha Naik, Executive VP of Communications
Trust Stamp Investor
Relations
Tel: +1 212-671-1021
Crescendo
Communications
Email: idai@crescendo-ir.com
VIVA Finance
Marla
Klotz
Email: marla@viva-finance.com
About Trust Stamp
Trust Stamp 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 in seven countries across North America, Europe, Asia,
and Africa, Trust Stamp trades on the Nasdaq Capital Market
(Nasdaq: IDAI) and Euronext Growth in Dublin (Euronext Growth: AIID
ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the
company now employs over 100 people.
About VIVA Finance
Founded in 2019 and accelerated through Georgia Tech’s ATDC
program, VIVA Finance is expanding its accessibility nationwide on
the heels of its 2021 Series A funding round. VIVA Finance aims to
help borrowers with less-than-ideal credit secure personal loans,
build their credit, and learn better financial habits in order to
improve their overall financial health. With over $25M in personal
loan originations to date, VIVA is being rapidly adopted as a
leading source of affordable financing for working Americans. Over
400 five-star Google reviews tell the story of easy, accessible
loan options through https://viva-finance.com/.
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.
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