Trust Stamp Inc, a global provider of AI-powered, privacy-first trust and identity services, has provided a very positive update regarding the rapid adoption of its low-code Orchestration Platform, which streamlines delivery and implementation of the company’s proven technologies.
The Atlanta-based company noted that since the platform’s launch in February last year, 24 new customers have contracted to use Trust Stamp’s services through the Orchestration Layer, including 22 new financial institutions with over $50 billion in assets.
In a statement, Trust Stamp President Andrew Gowasack said: “In October 2022, we concluded our two-year evolution from being exclusively a custom solutions provider to also offering a modular and highly scalable Software-as-a-Service (SaaS) model with low-code implementation.”
READ: Trust Stamp receives Notice of Allowance from the US Patent and Trademark Office
He added: “We were pleased to see five new users commit to the platform in November 2022 alone, and we anticipated an additional six new users in the first couple of months of 2023. However, what we have experienced has substantially exceeded our expectations, with 24 new Orchestration Platform users contracted in addition to our existing customer transitions.”
Gowasack said the company had always expected that its investment in research and development and the hard work of Trust Stamp’s team would yield “excellent results.”
“But we are delighted to see that the marketplace is moving quickly to adopt our industry leading privacy-first biometric authentication technology. We are looking forward to witnessing what happens in the coming months,” concluded Gowasack.
Trust Stamp’s technology empowers organizations with advanced biometric identity solutions. It can reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its data transformation and comparison capabilities.
Located in nine countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the tech-dominated Nasdaq.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
Follow her on Twitter: @UttaraProactive