Fortune 500 Life Insurance Company Adopts Trust Stamp’s AI-Powered Low-Code Orchestration Platform
November 08 2023 - 8:30AM
Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM,
today provides an update regarding the adoption of its low-code
Orchestration Platform, which streamlines delivery and
implementation of the Company’s proven technologies.
After recently announcing that 35 financial institutions were
implementing its Orchestration Layer, Trust Stamp will now deploy
its low-code orchestration platform for a Fortune 500 Insurance
company.
Most insurance professionals are familiar with fraud, such as
false or exaggerated claims, application fraud, and employee fraud.
But as more insurance applications and service processes move
online, the threat of third-party fraud has continued to rise,
particularly account takeover (ATO), which is up 25 percent over
last year.
Andrew Gowasack, President of Trust Stamp, commented, “Our
partner is an industry leader who has built their reputation on
doing the right thing for over 5M clients and their families. Their
approach has helped them build an asset portfolio of over
$250 billion. We believe our privacy-first identity
technology reinforces that commitment as we help them better
protect and serve customers opening new accounts.” Gowasack went on
to state, “ Since participating in the OnRamp Insurance Accelerator
we have diligently engaged with the insurance sector to understand
its unique needs. We are encouraged by our first partner’s clear
understanding of our privacy-first approach and we are already
working with a second insurance company that is actively exploring
implementation.
Inquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Gareth Genner, CEO
Andrew Gowasack,
President
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 six countries 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)
Historical Stock Chart
From Apr 2024 to May 2024
T Stamp (NASDAQ:IDAI)
Historical Stock Chart
From May 2023 to May 2024