Atlanta, Georgia, May 19, 2022 (GLOBE NEWSWIRE) — Trust Stamp (IDAI, Euronext Growth: AIID ID), the confidential first identity companyMT providing AI-powered identity and trust services used globally across multiple industries, announces a partnership with IdRamp, a leader in decentralized identity orchestration products and services. Together, they will launch an innovative multi-factor biometric authentication (“MFA”) offering that can be complemented by a range of industry-leading access management, social login and bring your own identity services, all through the system. without IdRamp code. Platform.
Leveraging the company’s advanced biometric tokenization technology, Trust Stamp’s transformative approach to Biometric MFAMT streamlines confidence building with a simple selfie. With a global increase in cybercrime associated with digital operations, the high security and ease of use of biometric MFAMT make it a powerful complement to authentication processes at all risk levels, from standard account access to authenticating financial transactions.
Alongside Trust Stamp’s simplified identity offerings, IdRamp offers dynamic orchestration of Zero Trust identities via passwordless credentials on a no-code basis. Organizations can leverage leading vendor identity solutions from a single location, enabling rapid custom implementation of strong multi-factor authentication workflows. IdRamp simplifies identity orchestration across disparate systems to strengthen and accelerate identity assurance.
Trust Stamp’s Commercial Director Kinny Chan comments: “IdRamp uniquely complements Trust Stamp’s biometric MFA and custom end-to-end identity workflow solutions with a platform that enables frictionless migration between identity providers. By unifying best-in-class identity services in a no-code platform, IdRamp delivers the best in identity authentication while addressing complex and evolving assurance needs across individual touchpoints for efficient digital operations and fraud resistant.
Trust Stamp’s biometric authentication and tokenization technology delivered through the IdRamp platform addresses a pressing market need for security, flexibility and speed in building trust. This partnership expands the reach of our biometric technology to deliver significant value to IdRamp’s impressive customer base. With a shared focus on data privacy, protection, security and usability, we look forward to continuing our strategic work with the IdRamp team.
Mike Vesey, CEO of IdRamp, comments: “Our customers manage digital ID in a wide variety of disparate environments. They need robust, flexible and easy-to-use fraud protection. Trust Stamp transforms digital identity with world-class biometric security, rock-solid data protection and state-of-the-art fraud detection. Combined with IdRamp’s decentralized orchestration platform, Trust Stamp will plug and play in any combination of multi-cloud, multi-IDP and even Web3.0 environments. This powerful combination delivers unparalleled agility and superior Zero Trust fraud protection for any digital ecosystem. No codes, no passwords and no costly and slow migrations required. »
Eask for information
Trust stamp email: [email protected]
Gareth Genner, Managing Director
Nisha Naik, Executive Vice President of Communications
Davy (Euronext Growth Advisor) Tel: +353 1 679 6363
Investor Relations Tel: +1 212-671-1021
Crescendo Communication E-mail: [email protected]
About the trust stamp
Trust stampprivacy identity company firstMT, is a global provider of AI-powered identity services for use in many industries, including banking and finance, regulatory compliance, government, real estate, communications and humanitarian services. Its technology provides organizations with advanced biometric identity solutions that reduce fraud, protect the privacy of personal data, increase operational efficiency and reach a wider user base worldwide through its unique transformation and data comparison.
Located in seven countries across North America, Europe, Asia and Africa, Trust Stamp trades on the Nasdaq Capital Market ( IDAI) and Euronext Growth in Dublin (Euronext Growth: AIID identifier). Founded in 2016 by Gareth Genner and Andrew Gowasack, the company now employs over 100 people.
IdRamp provides identity orchestration for a multicloud and decentralized Web3.0 world. We automate composable enterprise so your organization can deploy apps and services wherever you want, using the identity capabilities you need. IdRamp provides Zero Trust control over disparate multi-cloud environments, credential systems and applications. Combine traditional identity management with the latest web3.0 innovation and blockchain identity. Design distinct user experiences with any combination of features, including biometrics, fraud detection, MFA, document verification and more. IdRamp is built on open standards. As a founding member and director of the Trust Over IP Foundation, the Linux Foundation Cardea project, Indico administrator and node operator, and network manager Sovrin, IdRamp is committed to interoperability open source for industry-leading security, privacy, and agility.
Safe Harbor Statement: Caution Regarding Forward-Looking Remarks
All statements in this release that are not based on historical facts 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 relating to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current beliefs regarding information based on future events 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 they are made. The Company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unforeseen events.