Andrew Gowasack, President and co-founder of T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba Trust Stamp, joined Proactive's Stephen Gunnion with an update on the company's low-code Orchestration Platform.
Gowasack explains that the Orchestration Layer (OL) is a low-code platform that leverages advanced AI technologies, including biometric verification and data protection, to transform digital operations by enhancing security, privacy, and usability. This solution enables the establishment of a robust identity framework with the agility provided by the orchestration layer.
Gowasack highlighted that Trust Stamp's previous business model involved custom solutions for flagship customers. However, with the launch of the Orchestration Layer, the company aims to expand its market reach by providing a fast and cost-effective integration solution, thereby attracting a wider range of clients. The platform's adoption has been significant, with over 29 financial institutions, including a global bank's US arm, adopting the solution, representing a total of 1,500 branches and $1.5 trillion in assets.
Considering the current trends in the US banking and financial service markets, where digital channels are prioritized and data protection is crucial, he said Trust Stamp's technology aligns well. The company's focus on enhancing the user experience while ensuring transparent and auditable decision-making positions it favorably to cater to this growing demand.
The company has taken operational steps to support their growing direct sales of the Orchestration Layer, including strengthening its balance sheet and expanding its sales team.