Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID) is waiving setup fees and speeding up onboarding for financial institutions switching to its driver's license verification service, the company said, as it looks to capitalize on a massive data leak at a rival identity verification provider. The AI-powered trust, identity and security solutions provider said the move follows reports that photographs of roughly 166 million identity documents were leaked from IDScan, a leading identity scan provider.
Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID)'s driver's license verification technology is now available through Jack Henry's digital banking platform, the company said Tuesday. The AI-powered trust and identity solutions provider integrated its AAMVA Driver's License Data Verification (DLDV) solution using the Banno Digital Toolkit, the API framework underlying the Banno Digital Platform.
Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID) said its revenue for the six-month period ended June 30 increased 22% year-over-year, driven largely by higher revenue from its S&P 500 bank customer and $192,000 billed in the second quarter for work with a multinational telecommunications company operating in Africa. The identity verification reported net recognized revenue of $1.66 million for the six months ended June 30, 2026, up from $1.36 million a year earlier.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Hui Fai Tam Caitong International Asset Management Co. Ltd. | 1 | $1.88 | $3.45 | $1.57 | 83.51% |
Andrea N. Thompson WEST PACES ADVISORS INC. | 866 | $1,628.08 | $2,961.72 | $1,333.64 | 81.91% |
| Software Industry | Information Technology Sector | Gareth N. Genner CEO | NASDAQ (CM) Exchange | 873048508 CUSIP |
| US Country | 74 Employees | - Last Dividend | 23 Mar 2023 Last Split | 24 Feb 2021 IPO Date |
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.
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.