Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID)'s driver's license verification technology is now available through Jack Henry's digital banking platform, the company said Tuesday.
The AI-powered trust and identity solutions provider integrated its AAMVA Driver's License Data Verification (DLDV) solution using the Banno Digital Toolkit, the API framework underlying the Banno Digital Platform.
The integration embeds Trust Stamp's technology into digital banking experiences offered by community and regional financial institutions, adding to Jack Henry's ecosystem of more than 1,000 fintechs serving over 7,200 financial institutions.
The move comes as financial institutions confront a rise in identity fraud driven by generative AI, with traditional verification systems that scan only the physical card vulnerable to sophisticated forgeries and synthetic identities.
The AAMVA DLDV system queries official DMV records in real time to confirm that driver's license data matches active government records, allowing institutions to move from document authentication to data verification without adding friction for users.
"We are exceptionally proud to collaborate with Jack Henry and bring our un-fakeable data verification capabilities into their digital banking ecosystem," said Andrew Gowasack, president of Trust Stamp.
"Utilizing the Banno Digital Toolkit allowed our team to seamlessly embed this high-assurance protection directly into native banking experiences. This integration enables community banks and credit unions to deploy the 'gold standard' of identity trust instantly, protecting their institutions and their accountholders from sophisticated modern fraud threats."
Shares of Trust Stamp were up over 8% on Tuesday morning.
