T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba as Trust Stamp, told investors it has been selected to the Independent Community Bankers of America’s (ICBA) ThinkTECH Accelerator program.
As the sixth cohort selected for the program, Trust Stamp said it was handpicked for its community bank-focused offerings primed to support several critical community bank needs, including analytics, automation, and compliance.
The program, which kicks off January 8, 2024, in Atlanta, is the first of two planned accelerator programs for 2024 as part of ICBA’s shift to year-round programing and increased investment in ThinkTECH initiatives to support continuous development and advancement of community bank innovation.
“As a leading presence in the global financial services market, we are thrilled to participate in the ICBA ThinkTECH Accelerator, a vital source of community banking innovation since 2019,” Trust Stamp president Andrew Gowasack commented in a statement.
“With Trust Stamp, community banks can leverage biometric and personal information from their customers to deploy biometric systems without the risk of biometric data theft.”
Since the 2022 launch of its low-code Orchestration Layer, designed to simplify the delivery and implementation of the company's proven AI-powered technologies, Trust Stamp noted that over 35 community banks are implementing its technology to combat synthetic identity fraud.
"With even more direct feedback from community bankers and the support of subject matter experts from the ICBA, we believe we can deliver even more value to community banks in 2024," Gowasack added.
Since its inception, the ICBA ThinkTECH Accelerator has forged connections between cutting-edge fintech firms and over 1,400 community bankers and industry influencers.
The program focuses on recognizing and crafting practical solutions to address the contemporary requirements of banking. Engaging in a transformative 10-week bootcamp, participants benefit from mentorship provided by a distinguished network of industry stakeholders.
They will showcase their refined solutions to community bank executives in a demo presentation at ICBA LIVE 2024 in Orlando.
“We are excited to have Trust Stamp join us as a member of our latest ThinkTECH accelerator cohort,” ICBA executive vice president and chief innovation officer Charles Potts said.
“Fraud and identity management continue to remain a top priority for community bankers. Adaptive technologies like TrustStamp, which offer secure and efficient authentication solutions offer another layer of protection to help community bankers rest easier.”
Trust Stamp is a global provider of AI-powered identity services that empowers community banks with biometric identity solutions that reduce fraud, protect personal data privacy, and increase operational efficiency through unique data transformation and comparison capabilities.
Contact the author at stephen.gunnion@proactiveinvestors.com