Articles from Trust Stamp

Trust Stamp Achieves the D-seal Certification, Strengthening Ethical and Privacy-First Identity Solutions for Humanitarian Aid, Financial, and Public Sector Services

Atlanta, GA, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Trust Stamp announces a groundbreaking innovation in biometric security with the allowance by the United States Patent and Trademark Office of a patent application for its "Interoperable Biometric Representation" framework. This disruptive advancement addresses the critical challenge of biometric interoperability while enhancing privacy and security.

Trust Stamp and Digital Platformer unite to establish a strategic partnership, delivering an integrated solution that combines Trust Stamp's advanced identity verification capabilities with Digital Platformer's cutting-edge decentralized security solutions 

Atlanta, GA, Jan. 15, 2025 (GLOBE NEWSWIRE) -- T Stamp Inc. dba Trust Stamp (Nasdaq: IDAI),issued a reminder for shareholders to attend the Company's annual general meeting (the “Annual Meeting”), which will be held on Wednesday, January 29, 2025, at 9:00 a.m. Eastern Standard Time online via live audio webcast at www.colonialstock.com/tstamp2025.  Shareholders who have not completed a proxy can vote using the information provided in the meeting notice.

Atlanta, GA, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 414,202 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering, priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company also agreed to issue and sell unregistered Series A Warrants to purchase up to an aggregate of 414,202 shares of common stock, and unregistered Series B Warrants to purchase up to an aggregate of 207,101 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and the accompanying Series A Warrants and Series B Warrants is $8.45. Each private placement warrant will be immediately exercisable, will expire five years from the initial exercise date and will have an exercise price of $8.45 per share.

Atlanta, GA, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, has announced a strategic transaction with Qenta Inc. (“Qenta”). Under the arrangement, Qenta is spinning its Goldstar KYC technology off into a newly formed subsidiary, QID Technologies LLC (“QID”), with Trust Stamp having a 10% ownership interest in the new entity. In parallel, Trust Stamp has provided a non-exclusive license of its AI-powered identity technologies to QID in return for a single $1m license fee receivable in three installments over Q1 of 2025. QID is also contracting with Trust Stamp for business development, product development, and product operations for identity and privacy services and solutions in return for monthly service fees starting January 1st, 2025, and capped at $3.6m annually. As Trust Stamp is a 10% equity holder in QID, the projected $3.6m in billed revenue would result in a net cash inflow of $3.3m.

Atlanta, GA, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Gareth N. Genner, CEO of Trust Stamp, announced, “As our shareholders and observers know, our reverse split will be effective for trading on January 6, 2025. The reverse split process was formally started on September 20, 2024, with notice to Nasdaq. On November 4, 2024, Nasdaq officially extended our time to comply with the $1 closing bid rule based on that plan.

Atlanta, GA, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, has announced that a reverse stock split of its common stock will become effective at the market open on Monday, January 6, 2025.

Atlanta, GA, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, has announced two upcoming events.

Atlanta, GA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 5,555,548 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell unregistered Series A Warrants to purchase up to an aggregate of 5,555,548 shares of common stock, and unregistered Series B Warrants to purchase up to an aggregate of 4,166,661 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and the accompanying Series A Warrants and Series B Warrants is $0.54. Each private placement warrant will be exercisable upon receipt of shareholder approval, will expire five years from the initial exercise date and will have an exercise price of $0.54 per share.

Atlanta, GA, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, has announced two upcoming events.

Atlanta, GA, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of advanced identity solutions, is pleased to announce the launch of a pioneering research initiative aimed at expanding its biometric cryptosystem, Stable IT2, to include contactless palm authentication. The Biometric Secure Module (BSM) project will further enhance security by integrating face and palm biometrics, providing a more resilient and privacy-centric authentication system.

ATLANTA, GA, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI) has announced the issuance by the US Patent of Trademark Office of Patent No. 17/719,975 entitled, “Personal Identifiable Information Encoder."

Atlanta, GA, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™ providing AI-powered software used globally across multiple sectors, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 1,432,399 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company also agreed to issue and sell unregistered warrants to purchase up to an aggregate of 2,864,798 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and accompanying warrant is $0.3223. The private placement warrants will be exercisable upon receipt of shareholder approval, will expire five years from the initial exercise date and will have an exercise price of $0.3223 per share.

Atlanta, GA, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™ providing AI-powered software used globally across multiple sectors, announced financial results and provided a business update for the six months ended June 30, 2024. These included a 100% year-on-year increase in enrolled customers and increases in Net Revenue for each of the quarter and six-month periods ending June 30, 2024.

As auto dealerships face rising fraud rates, cybersecurity concerns and new data privacy regulations, Trust Stamp and Botdoc partner to decrease the risk of fraud and make dealerships more secure

Trust Stamp announces entering a Letter of Intent for a strategic transaction that includes integration into a global Identity Consortium serving a federated network including crypto, bank, and other financial services companies

Trust Stamp’s Chief Technology Officer and Chief Science Officer provide an overview of the Company’s patent portfolio, some of its innovations in the use of AI, and its evolution to serving a broad range of global customers in addition to its core financial service customers

Trust Stamp’s President provides a holistic overview of business growth in H1 of 2024 including the growth of Trust Stamp’s financial services client base in the United States and internationally, and entry into new industries

Trust Stamp announces a provisional patent for a new AI-powered technology to counter Injection Attacks, including deep fake images and Videos

Trust Stamp has integrated its AI-powered products with Mastercard’s Sandbox as a Service which allows Mastercard member banks and financial institutions to browse, test and experience trusted and verified solutions and customer journeys within a core banking environment

Trust Stamp has launched on the NayaOne Tech Marketplace with AI-powered products to help banks and financial institutions combat fraud, retain customers, and reach a broader user base

Trust Stamp’s Identity HubTM has launched on the AWS Marketplace making its AI-powered software available to 310,000 global AWS customers via their AWS Account

Atlanta, GA, June 03, 2024 (GLOBE NEWSWIRE) -- T Stamp Inc., Nasdaq: IDAI, the global identity company that develops AI-Powered, privacy first identity software used across numerous government and enterprise verticals announced today that Company CEO Gareth N. Genner, has been invited to present at the “Charting the Course: Navigating the Intersection of TMT and Business in the AI Era” Conference, presented by Maxim Group LLC, on Tuesday, June 4th & Wednesday, June 5th, 2024, at 8:00 a.m. ET.        The continuous evolution of technology is paving the way for innovation across all industries, including drones, consumer IoT and business solutions, gaming & entertainment, and more. The conference will explore how emerging growth companies are leveraging new technologies, such as Artificial Intelligence (AI), to position themselves for the future. Maxim Senior Analysts will facilitate engaging dialogues with CEOs and key management of diverse companies who have their attention on the technology and how it will impact and grow their business. 

ATLANTA, GA, May 23, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the AI-powered, Privacy First Identity CompanyTM announces that it is filing a patent for an AI-powered process that improves the performance of biometric-based age estimation algorithms.  Increased regulatory pressure and the proliferation of age-restricted content has produced a robust and rapidly growing market for low-friction age verification.  Trust Stamp already offers an AI-based age estimation service, having announced its product on March 13, 2024.  With this new algorithm, error rates in AI-based estimation are reduced, and Trust Stamp will be able to more easily tailor results to complex client requirements.

Atlanta, GA, May 23, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the AI-powered, Privacy First Identity CompanyTM announces that it is filing a patent for an AI-powered process that improves the performance of biometric-based age estimation algorithms.  Increased regulatory pressure and the proliferation of age-restricted content has produced a robust and rapidly growing market for low-friction age verification.  Trust Stamp already offers an AI-based age estimation service, having announced its product on March 13, 2024.  With this new algorithm, error rates in AI-based estimation are reduced, and Trust Stamp will be able to more easily tailor results to complex client requirements. 

Trust Stamp has received a notice of allowance from the US Patent and Trademark Office for a new patent for an AI-powered personal identifiable information encoder

Trust Stamp has received a notice of allowance from the US Patent and Trademark Office for a new patent for an AI-powered personal identifiable information encoder

Trust Stamp ® has launched a fast-track implementation program for an AI-powered multi-factor authentication tool that can be instituted by financial institutions and other enterprises that are concerned about potential attacks on their current authentication systems using deep fake voice attacks

Trust Stamp, the Privacy-First Identity CompanyTM that is committed to leveraging Artificial Intelligence to achieve universal access to identity has been accepted as a full participant in the United Nations Global Compact

Atlanta, GA, March 28, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM Trust Stamp announces the 50th Financial Institution to onboard to its low-code Orchestration Layer platform via its channel partnership bringing the total number of financial institutions onboarded to 54.

Atlanta, Georgia, March 27, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM Trust Stamp announces the 50th Financial Institution to onboard to its low-code Orchestration Layer platform via its channel partnership bringing the total number of financial institutions onboarded to 54.

Trust Stamp provides a report on its business and financial results for year ended December 31, 2023 and announces that its Form 10-K for year ended December 31, 2023 will be filed with the Securities and Exchange Commission on April 1, 2024

Trust Stamp announces the release of its new AI-Powered Age-Estimation technology designed to allow both online and offline enterprises to estimate the age range of a user based upon the capture of a facial image

Trust Stamp has released a White Paper explaining a breakthrough in facial recognition technology designed for identity authentication, secure system access, and account protection.

Trust Stamp has received an issuance notification from the US Patent and Trademark Office for a new patent covering its AI-Powered hashing technology that irreversibly transforms biometric and other identity data into a secure identity token

Trust Stamp announces a new AI-Powered transaction authorization service for banking and other high value and high risk transactions

Trust Stamp received a notice of allowance from the US Patent and Trademark Office for a new patent covering facial recognition where the subjects face is significantly obscured by a mask or other covering

Trust Stamp has been listed by the Federal Reserve as a Synthetic Identity Fraud Mitigation Provider

Trust Stamp issues an urgent warning regarding a newly discovered Trojan impacting iOS devices (as well as a predecessor Trojan impacting Android devices), with both being used to commit thefts from financial institution accounts

Teaming Arrangement Delivers Quantum-Level Security for Government

Trust Stamp received a notice for allowance from the US Patent and Trademark Office for a new patent covering its liveness technology used in conjunction with its patented biometric encryption technology

A total of Forty-Five customers were using or implementing Trust Stamp’s Privacy-first, AI-Powered biometric technology via The Company’s Orchestration Layer by the end of 2023

Trust Stamp has published a White Paper addressing the impact of developing Quantum Computer capabilities on legacy biometric systems, highlighting the immediate danger of “Harvest Now Decrypt Later” strategies

Trust Stamp has filed a provisional patent application (USPTO: 63/611,799) with the US Patent and Trademark Office for its new Stable IT2TM technology that is designed to transform the landscape of biometric identity authentication

Trust Stamp’s Privacy-first AI-powered biometric technology, combined with Scurid’s platform ensures a secure and streamlined process, making the hassle of traditional authentication methods a thing of the past and it paves the way for a fluid, intuitive and seamless authentication between humans and machines, while addressing crucial security and privacy concerns

Trust Stamp’s Privacy-first biometric technology, combined with Partisia’s Secure Multiparty Computation (MPC), GlobalSecure, plays a vital role in safeguarding data confidentiality and facilitating the free flow of information, which is especially crucial for businesses expanding into regions with inadequate data protection regulations, limited cloud infrastructure, and strict data localization laws

Fintech joins sixth cohort to develop fraud and identity management solutions for community banks

A total of Forty Financial Institutions are currently using or implementing Trust Stamp’s Privacy-first, AI-Powered biometric technology via The Company’s Orchestration Layer

Trust Stamp’s first insurance client will use its privacy-first technology for new account opening

Atlanta, GA, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™ providing AI-powered trust and identity services used globally across multiple sectors, announced financial results and provided a business update for the quarter and period ended September 30, 2023 (“Q3 2023”).

Trust Stamp has been awarded the D-Seal covering both IT security and responsible data practices for its identity authentication technology used in humanitarian projects

Atlanta, GA, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered identity and authentication services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services announces that the Company will report financial results for the third quarter ended September 30, 2023 on Tuesday November 7, 2023, after market close.

Atlanta, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM, announced today that Company CEO Gareth Genner has been invited to present on September 26 at 1:30 p.m. ET at the conference on Emerging Growth in A.I., presented by Maxim Group LLC, which will be held on Tuesday, September 26th & Wednesday, September 27th, 2023.

Trust Stamp has announced the launch of a discrete wrist-worn authentication technology that is intended to support compliance by individuals participating in community based supervision programs

Atlanta, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM providing AI-powered trust and identity services used globally across multiple sectors, announces that on August 29, 2023 it received a  Notice of Issuance from the United States Patent Office in respect of Patent # 32742-149165 together with a Notice of Allowance on August 17, 2023 of Patent # 32742-1491643 both entitled “Systems and Processes for Lossy Biometric Representation".  These patents will be the eighteenth and nineteenth issued to the company in addition to which the company has an additional twelve patent applications pending.

Trust Stamp has been awarded the D-seal covering both IT security and responsible data practices for its Privacy First identity authentication technology

With six veteran sales team members onboarded, Trust Stamp has already seen a meaningful increase in its sales pipeline and anticipates contracted revenue in 2023 with significant banked revenue in 2024

ATLANTA, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM announced that it is examining measures to address potential illegal short selling of its stock. The Company said that it believes certain individuals and/or companies may have engaged in illicit naked short selling that may have artificially depressed its stock price. Trust Stamp’s board will consider a number of options to address this activity including the engagement of forensic experts, as well as working with other listed companies and their counsel that have identified similar trading activity in their shares.

Atlanta, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM providing AI-powered trust and identity services used globally across multiple sectors, announces that on August 18, 2023, Provisional Patent #63/520,388 entitled “SEMI-SUPERVISED OR UNSUPERVISED BIOMETRIC PERSON RECOGNITION” was issued to the Company by the US Patent and Trademark Offices. This provisional patent follows eighteen utility patent issuances to the company in addition to which the company currently has fourteen patent applications pending.

Atlanta, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM providing AI-powered trust and identity services used globally across multiple sectors, announces that on August 15, 2023, Patent # 11,729,158 entitled “Systems and Methods for Identity Authentication via Third Party Accounts” was issued to the Company by the US Patent and Trademark Offices. This patent is the eighteenth issued to the company in addition to which the company has an additional thirteen patent applications pending.

ATLANTA, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™ providing AI-powered trust and identity services used globally across multiple sectors, announced financial results and provided a business update for the quarter and period ended June 30, 2023 (“Q2 2023”).

Atlanta, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM providing AI-powered trust and identity services used globally across multiple sectors, announces that it has issued a White Paper providing background on its newly launched AI-powered suite of facial attributes and quality assessment tools (FAIQA).

Atlanta, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM providing AI-powered trust and identity services used globally across multiple sectors, announces that on August 10, 2023 it received an Issue Notification from the United States Patent Office in respect of Patent # 11,741,263 entitled “Systems and Processes for Lossy Biometric Representation”. This patent will be the seventeenth issued to the company in addition to which the company has an additional fourteen patent applications pending, including one patent that has been approved but not yet issued.

Trust Stamp receives new patent issuance for AI-powered technology from the US Patent and Trademark Office

7 additional financial institutions, including the U.S. arm of a global institution with over 1,500 branches and assets in excess of $1.5T, are currently implementing Trust Stamp’s Privacy-first biometric technology

Atlanta, May 31, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™ providing AI-powered trust and identity services used globally across multiple sectors, announced that it has received a Notice of Allowance for an additional patent by the United States Patent and Trademark Office.  This Notice of Allowance follows an previous patent allowance announced earlier this month.

IP provides enhanced security when dealing with a subject’s sensitive biometric data

Receives special distinction of “Georgia Exporter of the Year”

ATLANTA, May 15, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™ providing AI-powered trust and identity services used globally across multiple sectors, announced financial results and provided a business update for the three months ended March 31, 2023 (“Q1 2023”).

ATLANTA, April 14, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company TM providing artificial intelligence (AI)-powered trust and identity services used globally across multiple sectors, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 1,573,330 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company also agreed to issue and sell unregistered warrants to purchase up to an aggregate of 1,573,330 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and accompanying warrant is $3.30. The warrants will be immediately exercisable, will expire five years from the issuance date and will have an exercise price of $3.30 per share.

Atlanta, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM providing artificial intelligence (AI)-powered trust and identity services used globally across multiple sectors, announces that it has received a Notice of Allowance for its latest patent application #17/230,684 by the United States Patent Office.  The ‘684 application is directed to Trust Stamp’s innovative processes for irreversibly transforming biometric and other identity data into an irreversibly transformed identity token or “(IT)².”  Trust Stamp believes this technology provides an unparalleled level of data protection, while improving the efficiency and expanding the utility of legacy identity systems.

Trust Stamp is connecting its clients and motor vehicle agencies in real-time to create a uniform solution for identity document verification

Reports 24 new customers contracted to use Trust Stamp’s services, including 22 new financial institutions with over $50B in assets

Reports strong traction with 22 banks enrolling in paid pilot programs over the past three months