T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced the addition of six new members to its sales team in an effort to drive adoption of its Orchestration Layer software.
During the second quarter, Ally Madrone and Vince Giganti each joined the team as directors of sales and business development. Then, in the third quarter, Gloria Tse and Kevin Hasinks came on as account executives.
Another two account executives are scheduled to join Trust Stamp by the end of the quarter. To support the account executives, the company also added two sales development representatives, Melissa Schonberger and Kevin Ketchell.
“While we are thrilled to have 29 new banks in various stages of implementing our software, and are projecting 45 to 50 banks in implementation by year-end through our channel partnership, we believe that there is even greater opportunity in the broader US market,” Trust Stamp president Andrew Gowasack said in a statement.
“The addressable market in the United States for biometric software is estimated to be around $14.7 billion in 2024, growing by a compound rate of around 14% over the next four years. With a combination of market growth and typical contract turnover, we are estimating an addressable market of contracting opportunities approaching $5 billion per annum within the US alone.”
He continued: “I personally spoke to nearly fifty veterans from our industry and selected the candidates that not only have a track record of success, but are also the best fit for our corporate ethos. These new team members bring substantial experience in the identity industry, having worked for companies such as ID.me, Jumio and Veriff, and each has a track record of personally generating sales and in some cases of building sales teams."
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.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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