Trust Stamp announces the launch of a new banking-focused product utilizing its AI-Powered Identity Authentication
Atlanta, GA, March 07, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM announced the launch of Trusted Authentication™, a transaction authorization service providing identity authentication for high-value financial transactions initiated online.
- Atlanta, GA, March 07, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM announced the launch of Trusted Authentication™, a transaction authorization service providing identity authentication for high-value financial transactions initiated online.
- Gareth N. Genner, Trust Stamp’s President commented, “The recent increase in deep-fake attacks has exposed fundamental weaknesses in many legacy systems, requiring additional assurance for high value and high risk transactions such as wire transfers.
- Trusted Authentication ensures the identity and live-presence of an authorizing party and can be integrated into or used in parallel to existing approval systems.
- The service will launch with a pilot bank partner [1] early in Q2 of 2024 and roll out for general usage before the end of the quarter.”