T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba Trust Stamp, is seeing good uptake of its low-code Orchestration Platform, designed to simplify the delivery and implementation of the company's proven AI-powered technologies.
With 22 financial institutions in various stages of implementing its Orchestration Layer since it debuted in January 2023, Trust Stamp said an additional 18 financial institutions have now initiated the process.
Trust Stamp’s Orchestration Platform is a comprehensive solution that facilitates the streamlined delivery and implementation of AI-powered trust and identity services across various sectors.
The platform, utilizing a low-code approach, empowers clients to enhance security, privacy, and usability in digital operations. Key features include biometric, document, and liveness verification, along with data protection. The platform supports the creation, augmentation, and modification of robust identity frameworks with agility and speed.
“We are excited by the growing demand for our privacy-first, AI-powered technology from enterprises of all sizes across the financial sector from mid-sized community banks to a leading international bank and one of America’s largest life insurers,” Trust Stamp president Andrew Gowasack said in a statement.
“These institutions recognise the need to deploy cutting edge AI-Powered tools to combat fraud but want to do so in a low-friction manner that protects the data and privacy of their customers.”
With 40 institutions now signed up, the company is on track to onboard 45 or more financial institutions by the end of 2023, according to Gowasack, who anticipates “significant long-term usage-based revenue” starting in 2024.