T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, told investors it has received a Notice of Allowance from the US Patent Office for its Privacy-First Identity Company trademark.
The company noted that it launched its low-code Privacy-First Identity solution for banks and financial institutions in 2022 and is now seeing significant traction. Over the past three months, 22 banks with total assets exceeding $50 billion enrolled in paid pilot programs over the past three months, it added.
Trust Stamp said its accelerating traction with banking institutions parallels its 2022 release of a range of Privtech Certified identity products to empower government agencies to balance safe and efficient interaction with digital users with minimized intrusion into the user's privacy.
READ: Trust Stamp announces tie-up with Simunix to provide latter's customers with its biometric and optical identity solutions
"Trust Stamp's mission is to accelerate secure financial and societal inclusion, on and offline, for everyone, everywhere, by giving them the means to establish their identity using universally accessible privacy-first products and services," the company’s CEO and co-founder Gareth Genner said in a statement. "Our mission's emphasis on privacy resonates with multiple industries, and this trademark further emphasizes our commitment to making our mission a reality."
Trust Stamp 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 can reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide.
Located in nine countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market.
Contact the author at stephen.gunnion@proactiveinvestors.com