T Stamp Inc. (IDAI)
NASDAQ (CM) NASDAQ (CM) Primary Summary
Trust Stamp selected by Ridgedale Federal Credit Union for identity verification services
Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID) announced that Ridgedale Federal Credit Union has selected the company to provide identity authentication services through the American Association of Motor Vehicle Administrators' Driver's License Data Verification (DLDV) system. Under the integration, Ridgedale FCU will be able to automatically verify driver's licenses presented during account openings and certain high-risk transactions.
Trust Stamp quarterly revenue jumps as new client billings set to flow in Q2
Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID) saw its net recognized revenue rise 39% rise in Q1, fueled by a bank client contract amendment, with revenue from two new customers set to begin in Q2. Net recognized revenue rose to $757,000 from $545,000 in the year-ago period, with the company attributing the gain primarily to a contract amendment with an S&P 500 bank customer that added $236,000 in recognized revenue compared to the prior-year quarter.
Trust Stamp partners with Partisia and Digital Platformer on decentralized identity platform for Asia-Pacific markets
Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID), Partisia and Digital Platformer have announced a commercial agreement to develop and deploy decentralised identity technologies aimed at financial services and other regulated sectors in Japan and broader Asia-Pacific markets. The agreement brings together the biometric identity systems developed by Trust Stamp and the secure computation infrastructure of Partisia as part of Digital Platformer's next-generation identity platform.
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T Stamp Inc. Profile
| Software Industry | Information Technology Sector | Gareth N. Genner CEO | NASDAQ (CM) Exchange | 873048508 CUSIP |
| US Country | 72 Employees | - Last Dividend | 23 Mar 2023 Last Split | 24 Feb 2021 IPO Date |
Overview
T Stamp Inc. specializes in developing and marketing advanced identity authentication software solutions tailored for a diverse clientele including government bodies, enterprise partners, and peer-to-peer markets chiefly within the United States, the United Kingdom, and Malta. The company, incorporated in 2016 and headquartered in Atlanta, Georgia, stands at the forefront of utilizing artificial intelligence to enhance biometric science, cryptography, and data mining. Its primary goal is to facilitate insightful identity and trust predictions, effectively counter fraudulent identity attacks, safeguard sensitive user information, and boost the global accessibility of digital services. Through its innovative approaches, T Stamp Inc. strives to redefine the standards of security and reliability in digital identity authentication.
Products and Services
- Irreversibly Transformed Identity Token — A pioneering solution that transforms biometric and other identifying data into a secure, tokenized form of identity, encapsulating the essence of privacy and security in digital transactions.
- Privacy and Data Protection — Comprehensive solutions aimed at ensuring the highest standards of data privacy and protection, mitigating risks and enhancing confidence in digital interactions.
- Biometric Multi-Factor Authentication — An advanced authentication mechanism that leverages biometric data to provide multi-layered security, significantly reducing the potential for unauthorized access.
- Document Validation — A robust framework designed for the accurate verification and validation of documents, crucial for maintaining authenticity in digital workflows.
- Identity Verification — State-of-the-art services that authenticate individual identities, ensuring reliability and trustworthiness in user engagements across various platforms.
- Geolocation — Innovative geolocation solutions that enhance security protocols and enable precise, context-aware security measures.
- Duplicate Detection — Cutting-edge technology aimed at identifying and preventing duplicate entries, thereby reinforcing the integrity of data systems.
- Biometric Capture — Solutions that specialize in capturing biometric information, utilizing it to bolster security measures and authentication processes.
- Crypto Security and Compliance — Dedicated services focusing on the unique security and compliance needs within the cryptocurrency and digital assets sector, ensuring safe and secure transactions.
- Trusted Message — A secure communication solution that guarantees the authenticity and confidentiality of digital messaging, essential for protecting sensitive information.
In addition to these products and services, T Stamp Inc. caters to a broad spectrum of industries including banking/fintech, humanitarian and development services, cryptocurrency and digital assets, biometrically secured email and digital communication, KYC/AML compliance, government and law enforcement, peer-to-peer transactions, social media, the sharing economy, real estate, travel, and healthcare. This wide-ranging application of their technology underscores their commitment to enhancing security, privacy, and trust in the digital age.
