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 IdRamp, a leader in
decentralized identity orchestration products and services.
Together, they will launch an innovative biometric multi-factor
authentication (“MFA”) offering that can be augmented with a range
of leading access management, social sign-on, and bring-your-own
identity services, all through IdRamp’s no-code platform.
Built on the Company’s advanced biometric tokenization
technology, Trust Stamp’s transformative approach to Biometric
MFATM streamlines trust assurance with a simple selfie. With a
global rise in cybercrime associated with digital operations, the
high security and ease of use of Biometric MFATM make it a powerful
addition to authentication processes at all levels of risk, from
standard account access to financial transaction
authentication.
Paralleling Trust Stamp’s streamlined privacy-first identity
offerings, IdRamp delivers dynamic Zero Trust identity
orchestration through passwordless credentials on a no-code basis.
Organizations can leverage leading identity solutions across
providers from one location, enabling rapid custom implementation
of robust multi-factor authentication flows. IdRamp simplifies
identity orchestration across disparate systems to strengthen and
accelerate identity assurance.
Trust Stamp Chief Commercial Officer Kinny Chan
comments, “IdRamp uniquely complements Trust Stamp’s own
Biometric MFA and custom end-to-end identity workflow solutions
with a platform that enables frictionless migration between
identity providers. By unifying top identity services in one
no-code platform, IdRamp delivers the best in identity
authentication while addressing complex and evolving assurance
needs across individual touchpoints for efficient, fraud-resistant
digital operations.
Trust Stamp’s biometric authentication and tokenization
technology delivered through IdRamp’s platform fills a pressing
market need for robust security, flexibility, and speed in
establishing trust. This partnership expands the reach of our
biometric technology to deliver meaningful value to IdRamp’s
impressive client base. With a shared focus on data privacy,
protection, security, and usability, we look forward to our
continued strategic work with the IdRamp team.”
IdRamp CEO Mike Vesey comments, “Our customers
manage digital ID across a wide variety of disparate environments.
They need robust fraud protection that is flexible and easy to use.
Trust Stamp transforms digital identity with world class biometric
security, bullet proof data protection, and state-of-the-art fraud
detection. Combined with IdRamp’s decentralized orchestration
platform, Trust Stamp will plug and play into any combination of
multi-cloud, multi-IDP, and even Web3.0 environments. This powerful
combination provides unmatched agility and superior Zero Trust
fraud protection for any digital ecosystem. Zero code, no
passwords, and no expensive, slow-moving migrations required.”
Enquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Gareth Genner, Chief Executive
Officer
Nisha Naik, Executive VP of Communications
Davy (Euronext Growth
Advisor)
Tel: +353 1 679 6363
Barry Murphy
Investor
Relations
Tel: +1 212-671-1021
Crescendo
Communications
Email: idai@crescendo-ir.com
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 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 IdRamp
IdRamp provides identity orchestration for a multi-cloud,
decentralized, Web3.0 world. We automate the composable enterprise
so your organization can deploy applications and services wherever
you want, using the identity features you need. IdRamp provides
Zero Trust control over disparate multi-cloud environments, ID
systems and applications. Combine traditional identity management
with the latest web3.0 innovation and blockchain identity. Design
distinct user experiences with any combination of features,
including biometrics, fraud detection, MFA, document proofing and
much more. IdRamp is built on open standards. As a founding and
steering member of the Trust Over IP Foundation, Linux Foundation
Cardea project, Indico trustee and node operator, and Sovrin
network steward, IdRamp is committed to open source
interoperability for state-of-the-art security, privacy and
agility.
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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