Trust Stamp Launches Biometric Multi-Factor Authentication Solution
April 28 2022 - 7:00AM
Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), the
Privacy-First Identity CompanyTM, announces the launch of its
Biometric Multi-Factor Authentication (Biometric MFATM) solution.
The first-of-its-kind Biometric MFATM streamlines robust identity
assurance with a simple selfie. Built on Trust Stamp’s advanced
biometric tokenization, Biometric MFATM is spoof-resistant,
verifies liveness, and replaces or supplements vulnerable one-time
passcodes (“OTP”).
Learn more about the transformational Biometric MFATM solution
and become a Trust Stamp partner here.
Biometric MFATM sits wherever OTP is currently deployed in an
authentication process, providing a low-friction alternative that
is more secure and privacy-positive. With one step, Biometric MFATM
adds a second and third authentication factor by testing liveness
and irreversibly tokenizing data from a simple selfie, eliminating
the need for passcodes from SMS, email, authenticator apps, or
hardware tokens.
Trust Stamp’s biometric authentication and data tokenization
technologies have demonstrated success in enterprise
implementations, with increased customer retention and reduced
fraud losses. With established efficiency at scale, the unique
Biometric MFATM offering is at the cutting-edge of digital
transformation. Forward-thinking organizations can now craft
dynamic digital journeys that keep pace with global customer
desires and needs, as well as the evolving fraud landscape.
“Device-based multi-factor authentication is vulnerable,” says
Kinny Chan, Trust Stamp’s Chief Commercial Officer.
“Passwords and passcodes aren’t enough to ensure that genuine,
authorized users are accessing their own accounts or initiating
transactions. Biometric MFATM lets partners layer intuitive,
convenient, and seamless identity authentication where vulnerable
passcodes are used today.”
Trust Stamp’s Identity Orchestration Platform streamlines
delivery and implementation of the Company’s technologies through a
low-code approach. With applicability across the full identity
lifecycle, including onboarding, KYC/AML, Biometric MFATM, account
recovery, fraud prevention, compliance, and more, the platform puts
partners in a position to develop and deliver value-added
solutions, create new business opportunities, and grow commercial
potential with innovative, privacy-first services.
Enquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Gareth Genner, Chief Executive
Officer
Nisha Naik, Executive VP of Communications
Davy (Euronext Growth
Advisor)
Tel: +353 1 679 6363
Barry Murphy
Investor
Relations
Tel: +1 212-671-1021
Crescendo
Communications
Email: idai@crescendo-ir.com
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 seven countries across North America, Europe, Asia,
and Africa, Trust Stamp trades on the Nasdaq Capital Market
(Nasdaq: IDAI) and Euronext Growth in Dublin (Euronext Growth: AIID
ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the
company now employs over 100 people.
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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