Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) has announced that it has partnered with letus to transform security, risk management, and fraud prevention for landlords and renters with privacy-first biometric technology.
Previously RentMoola, letus operates a cloud platform that empowers renters to balance their paychecks and build their financial status through flexible rent and credit bureau reporting, while landlords collect rent on time and in full.
In a statement, Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) said its new partnership with letus would address the massively underserved market of mom-and-pop landlords in the United States by providing them with an accessible, convenient, and flexible payments infrastructure secured by cutting-edge privacy-first identity technology.
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The company said its facial biometric verification, document verification, and data-protection technologies establish a robust risk assessment process to protect landlords from fraud while reducing costs, friction, and intrusiveness when compared to traditional early-screening background checks.
With its biometric multi-factor authentication solution, Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) said it would streamline security and data-protection into letus’ powerful suite of tools, including flexible rent, credit reporting, financial literacy tools, and more, to democratize tenants’ access to financial services.
Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) president Andrew Goawasack said the partnership with letus marked another way the company’s versatile technology could optimize operational and financial outcomes for both service providers and consumers.
“Trust Stamp looks forward to furthering our impact in the real estate sector with letus as we continue to form value-added partnerships with like-minded companies driving innovation, access, and security,” Goawasack said.
Letus CEO Karthik Manimozhi added: "Now, we provide the highest level of protection used by S&P 500 banks, global financial institutions, and the United States government to our renters and landlords.”
Based in Atlanta, Trust Stamp is a provider of AI-powered identity services for a range of sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services.
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