Trust Stamp listed by the Federal Reserve for combating synthetic identity fraud
Trust Stamp has been listed by the Federal Reserve as a Synthetic Identity Fraud Mitigation Provider
Atlanta, Georgia, Feb. 16, 2024 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM, providing AI-powered trust and identity services to global customers in both the governmental and private sectors has been listed by the Federal Reserve as a Fraud Mitigation Service Provider in the context of synthetic identity fraud having participated in a call for participation in September 2022.
Andrew Gowasack, President of Trust Stamp commented: “We work with close to fifty US banks and are currently participating in the ICBA ThinkTECH Accelerator; therefore, synthetic identity fraud is of critical importance to our clients. As we highlighted in a release earlier today addressing the potential for our technology to combat the threat that many third-party device-based biometric solutions face from Trojans, our AI-powered solutions are at the cutting edge of combating the ever-evolving cybercrime threat.”
Enquiries
Andrew Gowasack President, agowasack@truststamp.net
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 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.
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