Trust Stamp ® Announces the Fortieth Financial Institution to start integration with the Company’s Orchestration Layer
December 01 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 AI-Powered technologies.
Since Trust Stamp’s announcement in January 2023, that 22
financial institutions were at various stages of implementing its
Orchestration Layer, an additional 18 financial institutions have
commenced the process of implementing the Orchestration Layer.
Andrew Gowasack, President of Trust Stamp, commented, “We are
excited by the growing demand for our privacy-first, AI-powered
technology from enterprises of all sizes across the financial
sector from mid-sized community banks to a leading international
bank and one of America’s largest life insurers. These institutions
recognise the need to deploy cutting edge AI-Powered tools to
combat fraud but want to do so in a low-friction manner that
protects the data and privacy of their customers.” Gowasack went on
to state, “We are on track for our target of onboarding 45 or more
financial institutions by the end of 2023 and we anticipate
significant long-term usage based revenue starting in
2024."
Inquiries:
Trust Stamp
Email: Shareholders@truststamp.ai
Gareth Genner, CEO
Andrew Gowasack,
President
About Trust StampTrust 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.
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