T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (Trust Stamp) has announced that it has integrated the Driver License Data Verification (DLDV) system, offered by the American Association of Motor Vehicle Administrators, into its low-code orchestration platform.
Noting that a significant amount of fraud was already prevented by Trust Stamp’s privacy-first Irreversibly Transformed Identity Token, the company said now through its low code solution that it provides commercial and government entities with the real-time capability to verify drivers license/ID information against data from the issuing agency.
The effectiveness of the DLDV system was evaluated in collaboration with a Fortune 500 financial institution, it added.
READ: Trust Stamp sees rapid customer adoption of Privacy-First Identity Orchestration Platform
Trust Stamp president Andrew Gowasack said most tellers at bank branches do not have access to ID validation data as robust as the DLDV system.
“Trust Stamp is committed to providing identity tools to financial and government service providers that are easy and cost-effective for them to integrate and easy for their customers to use," Gowasack said.
The company said it has added 24 new customers to its low-code solution since it launched in February 2022, including 22 banks with more than 850 branches.
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.
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