T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, reported higher revenue for the six-month period ending June 30, 2024, as it saw a 100% year-over-year increase in enrolled customers. The company had 62 financial institutions enrolled on their SaaS Orchestration Layer compared to 31 financial institutions as of June 30, 2023.
Trust Stamp (NASDAQ: IDAI ) stock is taking off on Wednesday after the artificial intelligence ( AI ) company announced a new license agreement for its computer vision and AI technologies. Trust Stamp has reached an agreement with Boumarang for the use of its computer vision and AI tech in hydrogen-powered UAV systems.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, has announced a strategic implementation with drone technology and hydrogen power solutions provider Boumarang. Trust Stamp has granted Boumarang a non-exclusive license to use its computer vision and other patented AI-powered technologies with its hydrogen-powered drones for a $5 million one-time license fee.
Earlier this week T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp) struck a new partnership with Botdoc to integrate its low-code Orchestration Platform within Botdoc's Connect product. In this interview with Proactive, Trust Stamp president Andrew Gowasack discussed the company's new partnership, aimed at combating the 98% rise in synthetic identity fraud in the automotive industry.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp) said it has struck a new partnership with Botdoc to integrate its low-code Orchestration Platform within Botdoc's Connect product. The partnership enhances Know Your Customer (KYC) processes by integrating Trust Stamp's advanced identity verification technology into Botdoc's Connect product, improving accuracy and security in verifying customer identities and documents.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced it has signed a non-binding Letter of Intent with Quenta for a strategic alliance to serve a network of crypto, banking and other financial services companies. Investors welcomed the news, with Trust Stamp shares adding 11.4% at US$0.52 in early trade on Thursday.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp) said it has filed its 37th patent to add to its suite of patents for AI-powered technologies. Its latest patent application focuses on innovations in Zero Knowledge Proof technology, while recent filings address AI-powered injection attacks and age estimation improvements.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp) said it has onboarded 21 new customers to its low-code Orchestration Layer platform in the first half of 2024, bringing the total to 69. "We have made tremendous progress building our business in 2024," said Trust Stamp president Andrew Gowasack.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced that it has filed a provisional patent for a new artificial intelligence (AI)-powered technology to detect injection attacks in biometric authentication processes, including attacks executed using deep fake images and videos. Injection attacks targeting biometric processes typically bypass the camera on a user's device or inject video or still images captured in a different context into the data stream between the user's device and the server they are authenticating, the provider of AI-powered identity services said.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced it has launched its Identity Hub suite of AI-powered software solutions on the NayaOne Marketplace to help banks and financial institutions combat fraud, retain customers, and reach a broader user base. NayaOne provides financial institutions with access to Fintech innovations within its marketplace of hundreds of vendors.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced that Identity Hub, a proprietary orchestration providing full access to its full suite of AI-powered identity and fraud prevention products, has been launched on the Amazon Web Services (AWS) Marketplace. The company said the AWS Marketplace offers streamlined procurement, flexible pricing and centralized control and governance including the ability for customers to procure and pay for its software through their existing AWS account.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp) has unveiled its latest stride in the realm of age estimation technology. The company announced that it is in the process of filing a patent for an AI-driven methodology designed to enhance the performance of biometric-based age estimation algorithms.