Trust Stamp has launched its AI-powered product on the NayaOne Tech Marketplace to help banks and financial institutions combat fraud, retain customers and reach a wider user base.
ATLANTA, Ga., June 18, 2024 (GLOBE NEWSWIRE) — Trust Stamp announced the launch of its proprietary Identity Hub.TM The NayaOne Marketplace offers AI-powered software solutions such as:
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Advanced biometric authentication with biometric authentication and presentation attack detection combats fraud and enhances security during customer onboarding, account access and high-risk transactions, preventing identity theft and account takeover.
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Robust identity verification and KYC, including document verification with anti-spoofing checks, synthetic identity detection including identity de-duplication.
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Synthetic ID fraud detection with biometric speed checks and identifying stolen or fake IDs.
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Enhanced data privacy and protection by irreversibly transforming sensitive personal data into secure, anonymized identity tokens (IT2), protecting privacy while preserving the data’s usefulness for identity verification purposes.
Varun Resh, Marketplace Manager, NayaOne, commented, “We are excited to welcome Trust Stamp to the NayaOne Tech Marketplace. Banks and financial institutions are under threat from sophisticated fraudsters who exploit vulnerabilities through phishing, social engineering, advanced digital forgery and other techniques. Addressing these challenges requires evolving fraud detection and prevention strategies, investing in cutting-edge technologies like AI and biometric authentication, and prioritizing robust compliance and data privacy measures.”
Andrew Goisak, President of Trust Stamp, commented: ““As fraudsters become more adept at circumventing traditional security measures, it is critical that strong fraud prevention be a priority to protect customers, safeguard assets, and maintain trust in the banking system, and banks must continually evolve their fraud detection and prevention strategies by investing in cutting-edge technologies. NayaOne’s platform gives financial institutions the ability to build, test, and create their own solutions to the complex problems they face. And Trust Stamp’s technology is a perfect fit for the NayaOne platform because it is delivered through a set of microservices, giving financial institutions the flexibility to create solutions. We are excited to collaborate with NayaOne and look forward to working with their customer base.”
inquiry
Trust Stamp Mail: shareholders@truststamp.ai
Andrew Gowasack, President: agowasack@truststamp.ai
About Trust Stamp
Trust Stamp: A privacy-first identity companyTMis a global provider of AI-powered identity services used across multiple sectors including banking and finance, regulatory compliance, government, real estate, telecommunications, and humanitarian services. Through its unique data transformation and comparison capabilities, the company’s technology provides organizations with advanced biometric identity solutions that reduce fraud, protect the privacy of personal data, improve operational efficiency, and reach a wider audience globally.
TrustStamp has offices in North America, Europe, Asia and Africa and is listed on the Nasdaq Capital Market.Nasdaq: IDAIThe company was founded in 2016 by Gareth Jenner and Andrew Goisak.
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