T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba Trust Stamp, is adding another patent to its arsenal of identity protection products.
The Atlanta-based company said it had received its sixteenth patent from the United States Patent Office, titled "Systems and Methods for Privacy-Secured Biometric Identification and Verification."
Trust Stamp also has fifteen additional patent applications pending, with one already approved but not yet issued.
“We are seeing an increased market focus on protecting the privacy and data security of the end-users of biometric services, a consideration that has been at the forefront of Trust Stamp’s products from our inception,” said Norman Poh, chief science officer at Trust Stamp.
“For the last six years we have invested heavily in research and development which has created a solid foundation for our current and future generations of cutting edge, privacy-first identity products and we believe that is now reflected not just in these patent issuances but also in the accelerating implementations of our technology.”
Additionally, Trust Stamp’s president Andrew Gowasack announced an impressive 31% increase in the company's financial services customer base over the past six months.
Trust Stamp’s technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.
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