Trust Stamp Announces a Thirty-One Percent Increase in its Financial Services Customer Base in the last six months
01 Agosto 2023 - 10:00AM
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.
Since Trust Stamp’s previous announcement in January 2023
that 22 financial institutions with over $50B in assets and over
850 branches were at various stages of implementing its
Orchestration Layer, an additional 7 institutions, including the
U.S. arm of a global institution with over 1,500 branches and
assets in excess of $1.5T, have commenced the process of
implementing the Orchestration Layer.
Andrew Gowasack, President of Trust Stamp commented, “We are
encouraged by the growing demand for our privacy-first technology
from enterprises of all sizes across the banking industry. The
regulatory environment governing the banking and biometric sectors
continues to evolve, and these prudent financial institutions
understand the importance of improving customer privacy and
security in parallel to combating fraud and complying with their
due diligence obligations.” Gowasack went on to state, “With our
strategic pivot to focusing on SaaS product delivery, we are
currently targeting a total of 45-50 financial institutions
onboarded by the end of 2023 with significant long-term usage
revenue starting in 2024.”
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.
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